Insider Buying: Suncorp Group (ASX:SUN) Insider Buys 5,000 Shares of Stock

Suncorp Group Limited (ASX:SUN) insider Simon Machell acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of A$15.40 per share, with a total value of A$77,000.00.

Suncorp Group Stock Performance

The company has a market capitalization of $25.04 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The company has a quick ratio of 0.14, a current ratio of 0.01 and a debt-to-equity ratio of 18.24.

Suncorp Group Announces Dividend

The business also recently disclosed a Interim dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 30th will be given a $0.17 dividend. This represents a yield of 111.0%. The ex-dividend date of this dividend is Sunday, February 22nd. Suncorp Group’s payout ratio is currently 127.54%.

About Suncorp Group

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Consumer Insurance; Commercial and Personal Injury; and Suncorp New Zealand segments. The Consumer Insurance segment provides insurance products, including home and contents, motor, and boat insurance products. The Commercial and Personal Injury segment offers commercial motor, commercial property, marine, industrial special risks, public liability and professional indemnity, workers’ compensation, and compulsory third party products.