|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.78 - 20.22|
|52 Week Range||17.92 - 21.72|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||10.25|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||0.89 (4.42%)|
|1y Target Est||19.86|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CNP Assurances and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Brazil's Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday. This strategy is part of Caixa's plan to raise up to 100 billion reais from the sale of assets the unlisted state-owned lender owns or manages. Caixa has already unveiled plans to raise 15 billion reais via initial public offerings of the three units and another one that manages Brazil's state lottery system.
Moody's Investors Service has today assigned an A3(hyb) rating to the EUR500 million dated subordinated notes due 2029 issued by CNP Assurances (CNP, rated A1 for insurance financial strength, stable outlook) under its EUR7 billion EMTN programme. The A3(hyb) rating of the debt reflects (i) the ranking of the debt (subordinated), (ii) the mandatory coupon deferral mechanism (in case of breach of regulatory capital requirements) and (iii) the cumulative nature of deferred coupons, in case of deferral. The new subordinated debt will rank pari passu with existing Tier 2 and Tier 3 subordinated debt issued by CNP, but will rank senior to the restricted Tier 1 debt issued in 2018.
In this article, I will take a quick look at CNP Assurances SA’s (EPA:CNP) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure of aRead More...
Brazilian state bank Caixa Econômica Federal will use proceeds raised in a new joint venture with France's CNP Assurances SA to boost its capital ratio, Chief Executive Officer Nelson Antonio de Souza ...
The insurance unit of Brazil's state-owned lender Caixa Economica Federal has agreed to create a new joint venture with France's CNP Assurances SA (CNPP.PA) to sell life insurance products in the bank's more than 4,000 branches in the country. In a securities filing, Caixa said CNP will pay 4.65 billion reais (868.64 million pounds)for a 40 percent stake in the joint venture, that has a contract to sell life insurance contracts through 2041. Caixa will own the remaining 60 percent.
The insurance unit of Brazil's state-owned lender Caixa Economica Federal has agreed to create a new joint venture with France's CNP Assurances SA to sell life insurance products in the bank's more than 4,000 branches in the country. In a securities filing, Caixa said CNP will pay 4.65 billion reais ($1.13 billion) for a 40 percent stake in the joint venture, that has a contract to sell life insurance contracts through 2041. Caixa will own the remaining 60 percent.
PARIS (Reuters) - The French government will announce on Thursday the merger of CNP Assurances (CNPP.PA) and La Poste, which will fall under state-owned investment fund Caisse des Depots, a government ...
French insurer CNP Assurances (CNPP.PA), which has been at the centre of merger speculation, appointed an interim chief executive on Friday to replace Frederic Lavenir who unexpectedly quit earlier this month. CNP Assurances's board appointed deputy CEO Antoine Lissowski to replace Lavenir, who has said he would leave the company on Aug. 31 citing personal reasons. "Antoine Lissowski will remain in his temporary position until a new CEO is appointed," the company said, adding it hired a head hunting firm to help find the new CEO.