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Vanguard Group Increases Stake in Suncorp Group

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Vanguard Group Increases Stake in Suncorp Group

Suncorp Group ( (AU:SUN) ) just unveiled an announcement.

The Vanguard Group has increased its voting power in Suncorp Group Limited from 5.005% to 6.005%, as per the latest notice of change in interests of a substantial holder. This change signifies Vanguard Group’s growing influence and stake in Suncorp, potentially impacting the company’s strategic decisions and market positioning.

More about Suncorp Group

Suncorp Group Limited is a financial services company primarily operating in the insurance and banking sectors. It offers a range of products and services including general insurance, banking, life insurance, and wealth management, focusing on the Australian and New Zealand markets.

YTD Price Performance: 17.48%

Average Trading Volume: 5,337

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $12.75B

For an in-depth examination of SUN stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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