|Bid||17.65 x 0|
|Ask||17.75 x 0|
|Day's Range||17.61 - 17.92|
|52 Week Range||11.18 - 17.92|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||16.15|
|Earnings Date||May 18, 2021|
|Forward Dividend & Yield||1.47 (8.73%)|
|Ex-Dividend Date||May 24, 2021|
|1y Target Est||16.43|
MILAN (Reuters) -Generali beat first-quarter profit forecasts driven by its non-life and asset management businesses, as Italy's top insurer scouts for opportunities for further growth. Generali has spent 1.8 billion euros ($2.2 billion) on targeted acquisition since 2019 and still has around 2.3 billion for merger and acquisitions. "We continue to assess M&A opportunities with a disciplined approach as a way to diversify our sources of cash-flow," head of finance Cristiano Borean told a news briefing on Tuesday.
Italy's biggest insurer Generali is in exclusive talks to buy assets in Malaysia belonging to French rival AXA in a deal worth around 300 million euros ($358 million), two sources said on Tuesday. The Italian insurer, which is already present in Malaysia, will discuss the deal at a board meeting on Wednesday, the sources said. Generali had been looking at a series of AXA assets in Malaysia worth around 700 million euros but the sources said it was in talks to buy the French insurer's non-life business.
German insurer Allianz is nearing a 2.5 billion euro ($2.94 billion) deal to buy Aviva's Polish unit, trumping rival bids from Italy's Generali and Dutch insurer NN, sources familiar with the matter told Reuters. Allianz is close to entering exclusive talks with Aviva and a deal could be announced as soon as Friday, the sources said, speaking on condition of anonymity. A spokesperson for Aviva confirmed the British insurer was exploring options for its Polish business.