Suncorp Group Ltd share price flirts with 5-year high

The Suncorp Group Ltd (ASX: SUN) share price just hit $14.71, inches away from its 5-year high of $14.96.

Shares of the Australian bank and insurance company are up 23% in the past year, and 86% over the past 5 years.

According to Google Finance, Suncorp Group Limited is engaged in the provision of general insurance, banking, life insurance, superannuation products and related services to the retail, corporate and commercial sectors in Australia and New Zealand.

The Company’s segments include Personal Insurance: which provides home and contents, motor, boat and travel insurance products; Commercial Insurance: which provides commercial motor, commercial property, marine, industrial special risks, loan protection insurance products and others; General Insurance New Zealand, Life: which provides superannuation administration services, financial planning and funds administration services, and Corporate: which includes investment of the Company’s capital, business strategy activities and its shared services.

Shares have risen after continued rapid growth in revenues, even though profits grew just 1%. The company saw high demand for its recent capital notes issue, with these paying a 4.1% fully franked dividend.

At a price of $14.71, Suncorp is priced at an estimated 18 times earnings and pays a 4.8% trailing dividend.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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