Moody's Ratings (Moody's) has today downgraded the local and foreign currency long-term issuer ratings of Suncorp Group Limited (SGL) to A3 from A2, following the sale of its banking subsidiary, Norfina Limited (formerly Suncorp-Metway Limited). The rating outlook is stable. Previously the ratings w...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Suncorp Group Limited and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 10 May 2024 in which Moody's reassessed the appropriateness of the ratings in the con...
A director at Suncorp Group Limited bought 24,565 shares at 10.170AUD and the significance rating of the trade was 78/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
SUNCORP GROUP (AU), a company active in the Property & Casualty Insurance industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
No-moat-rated Suncorp Group is at the crossroads--again, with a new CEO soon to be announced and a likely consequent change in direction for the group. The new CEO will inherit an underperforming bank and a general insurance business in Australia and New Zealand performing just OK. The past four years, including fiscal 2019, have not been particularly rewarding as far as earnings growth and shareholder returns go. Disappointingly, the current share price is broadly in line with mid-2015 levels, ...
No-moat-rated Suncorp Group is at the crossroads--again, with a new CEO soon to be announced and a likely consequent change in direction for the group. The new CEO will inherit an underperforming bank and a general insurance business in Australia and New Zealand performing just OK. The past four years, including fiscal 2019, have not been particularly rewarding as far as earnings growth and shareholder returns go. Disappointingly, the current share price is broadly in line with mid-2015 levels, ...
No-moat-rated Suncorp Group is at the crossroads--again, with a new CEO soon to be announced and a likely consequent change in direction for the group. The new CEO will inherit an underperforming bank and a general insurance business in Australia and New Zealand performing just OK. The past four years, including fiscal 2019, have not been particularly rewarding as far as earnings growth and shareholder returns go. Disappointingly, the current share price is broadly in line with mid-2015 levels, ...
No-moat Suncorp Group surprised no-one with the announcement CEO Michael Cameron is stepping down. In our first-half fiscal 2018 result note published in February 2018 we stated “Longer-term we are positive on earnings growth, but any slip up will put increasing pressure on CEO Michael Cameron. Cameron started as CEO in late 2015 and financial results have been underwhelming. Cash earnings fell 8% in fiscal 2016, increased 3.6% in fiscal 2017 and we forecast a 7% decline in fiscal 2018--not an...
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