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Suncorp Group

 

Buy Suncorp Group shares

SUNCORP GROUP (SUN) Shares

ABOUT SUNCORP GROUP

Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland.

It was formed in 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC) and is now one of Australia’s mid-size banks (by combined lending and deposits) and its largest general insurance group.

The group offers retail and business banking, life and general insurance, superannuation and funds management services and includes some of Australia and New Zealand’s leading brands.

It helps millions of people reach their goals, build their wealth, protect what is special to them, and provide for their future. It is headquartered in Brisbane.

OVERVIEW OF SUNCORP GROUP

  • Suncorp Group Limited operates a portfolio of brands and is a top 20 ASX-listed company with more than 9 million customers and 14 500 employees.
  • Its services cover nearly all areas in wealth and banking, including life insurance, general insurance, commercial insurance, Compulsory Third Party (CTP), banking, finance, superannuation agricultural banking and business banking, the notable exception being health insurance.
  • Suncorp is the parent company of insurance company GIO, which is mainly representing the group outside Queensland.
  • The group trades under a number of brands including AAMI, Apia, Shannons, InsureMyRide, Vero, Terri Scheer, Bingle, CIL, Asteron and Tyndall insurance brands in Australia, and Vero, Asteron, Guardian Trust, Tyndall, Vero Liability, AA Insurance, SIS, CMV/AXIOM and Autosure brands in New Zealand.
  • These brands develop and distribute a range of financial products and services to clients and offers account, credit card, loan, investment, and international services. Accounts consist of everyday, savings, and kids’ accounts.

VISION & VALUES OF SUNCORP GROUP

  • Suncorp Group Limited cares about customers and are passionate about the communities they live in. A career with them is an opportunity to positively impact the lives of thousands of people.
  • They offer flexible work arrangements and leave options to support employees’ personal lives and have a friendly culture where people are empowered and recognised while they help families, individuals and businesses connect with the services and experiences that enable them to enjoy the life they have and plan for the life they want.
  • The company culture is built on the core elements of putting customers at the heart of every decision; identifying, understanding and managing Suncorp’s current and future risks and helping people understand the behaviours and outcomes that are valued and rewarded at the company.
  • Suncorp Group Limited follows this sustainable value chain to ensure that current and future needs of customers are met and aims to maximise returns, income levels, growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF SUNCORP GROUP

  • Suncorp Group Limited’s shares trade on the Australian Securities Exchange (ASX) under the stock symbol SUN, listed in the Financial sector.
  • Highlights of the company’s performance in 2019 include group NPAT of US Dollar 175 million and includes a US Dollar 910 million after tax non-cash loss. Cash earnings increased with 1.5% to US Dollar 1.1 billion and a provision for remediation costs of US Dollar 60 million.
  • Due to Suncorp Group Limited’s performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy SUNCORP GROUP stocks / shares – A Step by Step Guide how to Buy / Purchase SUNCORP GROUP Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy SUNCORP GROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SUNCORP GROUP STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE SUNCORP GROUP STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SUNCORP GROUP stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy SUNCORP GROUP stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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