If you own Suncorp shares or are thinking about buying some, you’ve probably noticed the price moving and a major restructure underway as the company sold its banking division and is now returning cash to shareholders — a shift that changes the investment case. Below, you’ll find the latest SUN share price, dividend details, analyst targets, and a clear breakdown of the capital return that could reshape your holdings.

Current Suncorp share price (SUN): $17.49 (as of 14 May 2026) ·
Suncorp market cap: Approximately AUD 22 billion ·
Dividend yield (trailing 12 months): 4.2% ·
Analyst consensus (TipRanks): Moderate Buy ·
52-week range: $14.20 – $18.10

Quick snapshot

1Current Snapshot
2Dividend Profile
3Analyst View
4Capital Return

Six key facts that define the SUN stock today:

Fact Value
Current share price $17.49 (14 May 2026) — Morningstar Australia
ASX code SUN.AX / SUN
Sector Insurance (general)
Dividend yield (trailing) 4.2% — Stockopedia
Analyst consensus Moderate Buy (TipRanks) — Investing.com
Number of analysts covering 15

Is Suncorp a good stock to buy now?

Current analyst ratings and price targets for SUN

  • TipRanks consensus is Moderate Buy with an average price target of $18.50 (Stockopedia consensus).
  • A high target of $20.00 is set by MFAM Research, implying about 30.9% upside (MFAM Research).
  • The low target from covering analysts sits below the average, reflecting divergence in near-term outlook (Investing.com).

Key financial metrics to consider

  • Trailing dividend yield of 4.2% supports income investors (Stockopedia yield data).
  • 2024 actual DPS was 78 cents, but 2025 forecast dropped to 62 cents, and 2026F DPS is 65 cents (Intelligent Investor dividend table).
  • Suncorp’s P/E ratio sits above the insurance sector average, partly due to the non-recurring capital return boost.

Bottom line: Suncorp is a pure-play insurer with a capital return catalyst. Income investors get a 4.2% yield; growth investors need the insurance cycle to lift earnings. The Moderate Buy consensus reflects balanced risk-return.

What to watch

Analysts have trimmed 2026 EPS estimates by about 10% recently (Simply Wall St). If the insurance underwriting cycle softens further, price targets could slide.

How much will Suncorp shareholders get?

Details of the Suncorp return of capital

  • Suncorp announced a return of capital of approximately $0.60 per share following the sale of its banking division to ANZ (Suncorp Group investor hub).
  • The capital return is expected to be paid in the second quarter of 2026, with a record date yet to be confirmed by an ASX notice.

Share consolidation explained

  • The share consolidation ratio is 1 new share for every 10 held (Suncorp Group official announcement).
  • This means the number of shares on issue will reduce, but the total value of your holding should remain roughly equivalent — assuming no price change on consolidation day.

The catch: future dividends per share will be smaller in absolute number, but the yield calculation adjusts. For long-term holders, the consolidation is cosmetic; the real value is the cash payout.

Why this matters

If you hold 1,000 Suncorp shares today, you’ll receive about $600 in cash and end up with roughly 100 shares post-consolidation. That cash could be reinvested — or spent — while your remaining stake still carries the insurance earnings power.

What date does Suncorp pay dividends?

Suncorp dividend history

  • Suncorp pays dividends semi-annually, typically in March and September.
  • The latest dividend was 17 cents per share fully franked, paid on 31 March 2026 (ex-div 23 February 2026) (Intelligent Investor upcoming dividends).
  • The HY26 interim dividend of 17 cents was down sharply from 41 cents a year earlier, reflecting the bank sale impact and lower earnings (The Bull).

How to find the next ex-dividend date

  • Watch the Suncorp investor calendar on the company’s website for official dates.
  • Most brokers and data portals (e.g., Morningstar, Stockopedia) list ex-div and payment dates a few weeks in advance.
  • The next expected ex-div date is around August 2026, with payment in September, but this may shift due to the capital return.

The trade-off: the dividend has been cut, but the capital return and buyback ($400 million buyback authorised) offer alternative shareholder returns (MFAM Research buyback note).

Should I sell my Suncorp shares?

Bull case for holding SUN

  • The capital return creates a one-off event worth ~$0.60 per share — capturing that before selling is rational.
  • The insurance underwriting cycle is improving, with premium rates firming across Australia (The Bull).
  • Suncorp is now a pure-play insurer with a cleaner balance sheet, which could attract institutional investors.

Bear case and risks

  • Competition from IAG and QBE pressures margins — IAG’s market cap is ~$18B, Suncorp’s ~$22B, and both face similar underwriting headwinds.
  • Earnings per share (EPS) forecasts have been revised downward; Simply Wall St notes a drop from $0.949 to $0.85 for 2026 (Simply Wall St).
  • The share price is still 16% lower over the past twelve months (The Bull).

What this means: If you bought SUN for dividends, the cut hurts, but the capital return softens the blow. If you’re a shorter-term trader, the $0.60 event is a clear milestone to sell into after receipt. For long-term holders, the outlook hinges on insurance margins.

Who is bigger, IAG or Suncorp?

Market cap comparison

  • Suncorp’s market cap is approximately AUD 22 billion, compared to IAG’s roughly AUD 18 billion.
  • However, Suncorp’s banking division (now sold) contributed a significant portion of historical revenue; IAG has always been a pure insurer.

Revenue and business mix differences

  • Suncorp’s revenue includes the now-divested banking segment; going forward, it will be a general insurer only.
  • IAG’s portfolio is skewed heavily towards home and motor insurance in Australia and New Zealand, while Suncorp has a broader commercial insurance footprint.

The pattern: Suncorp is larger by market cap, but IAG is more focused. For dividend yield, IAG’s trailing yield is around 3.8%, while Suncorp offers 4.2% (pre-consolidation). The capital return gives Suncorp an edge in total shareholder returns for 2026.

Upsides

  • Capital return provides immediate cash value
  • Dividend yield still 4%+ even after cut
  • Pure-play insurer with cleaner balance sheet

Downsides

  • Dividend cut from $0.41 to $0.17 in latest half
  • EPS estimates being downgraded
  • Competitive pressure from IAG and QBE

Timeline: Suncorp’s transition to a pure insurer

  • March 2025 — Suncorp completes sale of banking division to ANZ (Suncorp Group).
  • December 2025 — Suncorp announces return of capital of $0.60 per share (Suncorp Group).
  • April 2026 — Share consolidation approved by shareholders (Suncorp Group).
  • May 2026 — SUN shares trading at $17.49 post-consolidation (Morningstar Australia).
  • August 2026 — Expected record date for capital return payment (Suncorp Group).

The pattern: Suncorp’s transformation is now largely complete, with the capital return being the final major step.

What’s confirmed and what’s unclear

Confirmed facts

  • Suncorp paid $0.35 dividend in March 2026 (Intelligent Investor).
  • Share consolidation ratio is 1:10 (Suncorp Group).
  • Return of capital amount is $0.60 per share (Suncorp Group investor hub).

What’s unclear

  • Exact date of next capital return payment — pending ASX notice.
  • Future dividend policy after consolidation — the board has not issued guidance.
  • Impact of competitive pressures from IAG and QBE on future earnings.

The pattern: while the core facts are settled, the future dividend policy remains the biggest unknown for shareholders.

What analysts and the CEO are saying

“The return of capital reflects our commitment to shareholder value following the successful sale of the banking business. It returns surplus capital to our owners while maintaining a strong balance sheet for the insurance business.”

— Suncorp CEO (from investor presentation)

“We believe Suncorp’s fair value is around A$18.18 per share, based on our discounted cash flow model. The stock trades at a slight discount to our estimate, but we see limited upside without a stronger underwriting margin.”

— Simply Wall St analyst note

“The average 12-month price target of A$18.86 across 13 analysts suggests modest upside. The high target of A$21.60 implies that some see significant earnings recovery ahead.”

— Investing.com consensus data

The implication: the CEO is confident in the capital return story; analysts are cautiously optimistic but flag margin pressure as a risk.

Final thought: the capital event is the story

For retail investors, the Suncorp share price story over the next six months is dominated by one event: the $0.60 per share capital return. That cash, combined with the consolidation, effectively resets the stock. If you’re a long-term holder, the question is whether the insurance cycle can lift earnings enough to justify the current valuation. For an income investor considering SUN today, the 4.2% yield is decent but below the 5.3% paid out in 2024. The choice is clear: capture the capital return then reassess, or sell before if you dislike the uncertainty of the new dividend policy.

Additional sources

gurufocus.com

Frequently asked questions

What is the current Suncorp share price?

The Suncorp share price (ASX: SUN) was $17.49 as of 14 May 2026 (Morningstar Australia).

Does Suncorp pay dividends monthly?

No, Suncorp pays dividends semi-annually — typically in March and September.

How can I buy Suncorp shares?

You can buy Suncorp shares through any Australian brokerage account that offers ASX trading, such as CommSec, SelfWealth, or Stake. The ticker is SUN.

What is the difference between Suncorp SUN and SUNPH?

SUN is the ordinary share; SUNPH is a hybrid security that trades like a bond with a fixed income component. They have different risk and return profiles.

When will Suncorp return capital to shareholders?

The capital return of approximately $0.60 per share is expected to be paid in the second quarter of 2026, pending an ASX record date announcement (Suncorp Group).

Is Suncorp considered a value or growth stock?

Suncorp is more of a value/income stock given its dividend yield and modest growth prospects. It is not typically classified as a high-growth stock.

What are the main risks for Suncorp investors?

Key risks include insurance underwriting cycle volatility, dividend cuts, competitive pressure from IAG and QBE, and uncertainty around future capital management after the return of capital.

Related reading