Suncorp plans AUD 250 million buyback and UBS targets Suncorp stock at AUD 21.25

Published on 10/13/2026 at 04:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 cash earnings reached AUD 1.04 billion, up 4.5 percent. Analysts set an AUD 19.92 consensus target for Suncorp stock.

Key points in brief

Suncorp plans an AUD 250 million FY27 buyback after completing AUD 400 million in FY26.
FY26 cash earnings reached AUD 1.04 billion, while underlying earnings rose 4.5 percent.
UBS maintained a Buy rating and set an AUD 21.25 target on October 2, 2026.
Suncorp stock was last quoted at EUR 11.90 at Lang & Schwarz on October 12, 2026.

Suncorp, AU000000SUN6, Illustration mit AI erstellt.

Suncorp plans an AUD 250 million buyback and UBS targets Suncorp stock at AUD 21.25. Markets Insider reported on October 2, 2026 that UBS maintained its Buy rating and set the target at AUD 21.25.

Buyback strengthens capital returns

Quartr reported on October 6, 2026 that Suncorp completed an AUD 400 million on-market buyback in fiscal 2026 and intended to repurchase up to AUD 250 million in fiscal 2027. The same summary recorded AUD 1.04 billion of cash earnings and a 4.5 percent rise in underlying earnings for fiscal 2026.

The capital-return plan comes with an insurance risk factor. Suncorp Group reported net profit after tax of AUD 1.03 billion and cash earnings of AUD 1.04 billion for fiscal 2026, while natural hazard costs exceeded the allowance by AUD 254 million.

What supports the buyback?

The operating picture is defined by margin resilience and weather exposure. The fiscal 2026 underlying insurance trading ratio was 11.8 percent, at the top of Suncorp's 10 percent to 12 percent target range, while the company handled more than 120,000 natural-hazard claims across Australia and New Zealand.

Three dated milestones

On August 12, 2026, Suncorp published fiscal 2026 results with AUD 1.03 billion of net profit after tax through its investor centre. On September 24, 2026, its earnings call recorded AUD 1.04 billion of cash earnings and an 11.8 percent underlying insurance trading ratio. On October 6, 2026, Quartr detailed the AUD 250 million fiscal 2027 buyback plan.

Next investor date

Suncorp's investor centre lists an investor update for October 29, 2026. The date gives the market a scheduled checkpoint for strategy and capital allocation.

Stock stays below its yearly high

Suncorp stock was last at EUR 11.90 at Lang & Schwarz on October 12, 2026 at 11:00 p.m. CEST. On the ASX, the finance quote showed AUD 19.32 on October 13, 2026, against a 52-week high of AUD 20.85 and a market capitalization of AUD 20.5 billion. The further course of trading is shown by the continuously updated real-time quote of Suncorp stock.