G.MI - Assicurazioni Generali S.p.A.

Milan - Milan Delayed Price. Currency in EUR
18.70
-0.35 (-1.84%)
At close: 5:40PM CET
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Previous Close19.05
Open19.03
Bid18.72 x 0
Ask18.76 x 0
Day's Range18.68 - 19.09
52 Week Range14.02 - 19.63
Volume6,541,280
Avg. Volume4,515,528
Market Cap29.349B
Beta (3Y Monthly)1.11
PE Ratio (TTM)10.66
EPS (TTM)1.75
Earnings DateNov 7, 2019
Forward Dividend & Yield0.90 (4.72%)
Ex-Dividend Date2019-05-20
1y Target Est16.43
  • Thomson Reuters StreetEvents

    Edited Transcript of G.MI earnings conference call or presentation 7-Nov-19 11:00am GMT

    Q3 2019 Assicurazioni Generali SpA Earnings Call (Q&A)

  • Financial Times

    Zurich shifts focus to growth with new earnings targets

    Zurich has revealed a new set of targets, switching its focus to growth for the first time since Mario Greco became chief executive in 2016. Mr Greco has spent the past three years cutting costs but the new goals suggest there will be a different emphasis. Zurich said on Thursday it would aim to increase its earnings per share by at least 5 per cent a year between 2020 and 2022.

  • Investors Who Bought Assicurazioni Generali (BIT:G) Shares Three Years Ago Are Now Up 52%
    Simply Wall St.

    Investors Who Bought Assicurazioni Generali (BIT:G) Shares Three Years Ago Are Now Up 52%

    One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...

  • Brexit may spur more deals in legacy general insurance policies
    Reuters

    Brexit may spur more deals in legacy general insurance policies

    Britain's impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers. Whether Britain leaves the European Union without a deal or under a so-called hard Brexit, British insurers selling policies into the EU will need a local subsidiary, and vice versa. British Prime Minister Boris Johnson said on Thursday that Britain and the EU had agreed a new Brexit deal, but he still faces resistance from other parties in parliament.

  • Watch Out, Billionaire Del Vecchio Is Meddling
    Bloomberg

    Watch Out, Billionaire Del Vecchio Is Meddling

    (Bloomberg Opinion) -- Italy’s second-richest tycoon made his fortune in spectacles, and now he has ideas about how to run a bank. There is no doubting Leonardo Del Vecchio’s entrepreneurial flair. But his decision to take a 7% stake in Mediobanca SpA and opine publicly about its strategy merits caution. He is but one shareholder, and he should not dictate the lender’s strategy.Del Vecchio is not a naturally passive shareholder or owner. Chief executive officers at his glasses maker Luxottica Group SpA would rotate at an alarming pace. The merger of Luxottica with French lenses group Essilor diluted his dominant holding into a non-controlling stake and created a balanced board with representation from both sides. The arrangement soon fell into acrimony. That is an inauspicious backdrop for a large and potentially growing investment in Mediobanca.His motivations are unclear. The benign explanation is that this is portfolio diversification: Most of Del Vecchio’s wealth is tied up in the eyewear industry. He has some financial exposure to Italian insurer Assicurazioni Generali SpA and lender UniCredit SpA, but this is relatively small. The more worrying possibility is that it really is about meddling with another Generali shareholder — Mediobanca owns 13% of the insurer — or that it relates to some other personal agenda.Del Vecchio has reportedly said Mediobanca needs to be more ambitious in mergers and acquisitions, expand in investment banking, and rely less on the income it receives from Generali. It is not obvious all of these ideas would benefit other shareholders. Wealth management is where acquisitions might make sense for Mediobanca, but deals are risky given that the main assets — the people — can walk out of the door. Mediobanca CEO Alberto Nagel has been rightly cautious.Lifting exposure to investment banking activities, reviving a former strategy, would re-introduce more volatile revenue streams and risk lowering the multiple of earnings on which the shares trade.The function of the Generali stake is a trickier question. Corporate finance theory would dictate that Mediobanca should sell it and return cash to shareholders. If the bank needed cash in the future, it would then ask shareholders to stump up when it could show what the funds would be used for.That works for big, diversified corporations like Unilever NV. But a smaller, less well-capitalized, Italy-focused bank would probably find the capital markets unwilling to provide funds just when it needed them most — for example, in hard times when bid targets were most affordable. So long as there is a possibility that Mediobanca might want to do M&A, the stake is best seen as a financial resource to be retained.It’s possible that Del Vecchio’s vision and Nagel’s could align if Mediobanca finds a decent takeover target, which the Generali stake could pay for. But while Mediobanca’s existing strategy looks sound, and the group is well run, Nagel cannot be complacent. The Generali stake makes a big contribution to net income but doesn’t require any management effort. And Mediobanca’s central and treasury functions make an uncomfortably high dent in the profits that the other businesses bring in. An upcoming strategy refresh offers the chance for Nagel to set some hard targets for revenue growth and further cost efficiency that would dispel any suggestion of low ambition.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • What Kind Of Shareholders Own Assicurazioni Generali S.p.A. (BIT:G)?
    Simply Wall St.

    What Kind Of Shareholders Own Assicurazioni Generali S.p.A. (BIT:G)?

    If you want to know who really controls Assicurazioni Generali S.p.A. (BIT:G), then you'll have to look at the makeup...

  • Have Insiders Been Buying Assicurazioni Generali S.p.A. (BIT:G) Shares?
    Simply Wall St.

    Have Insiders Been Buying Assicurazioni Generali S.p.A. (BIT:G) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Thomson Reuters StreetEvents

    Edited Transcript of G.MI earnings conference call or presentation 1-Aug-19 5:30am GMT

    Half Year 2019 Assicurazioni Generali SpA Earnings Pre-Recorded Presentation

  • Has Assicurazioni Generali S.p.A. (BIT:G) Improved Earnings In Recent Times?
    Simply Wall St.

    Has Assicurazioni Generali S.p.A. (BIT:G) Improved Earnings In Recent Times?

    When Assicurazioni Generali S.p.A. (BIT:G) announced its most recent earnings (30 June 2019), I did two things: looked...

  • Moody's

    Caja de Seguros S.A. -- Moody's announces completion of a periodic review of ratings of Caja de Seguros S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Caja de Seguros S.A. NOTE: On August 12, 2019, the press release was corrected as follows: The first sentence in the Key Rating Considerations paragraph was changed to: “We rate Caja de Seguros S.A.'s (Caja) insurance financial strength Ba3 on the global local currency scale.” Revised release follows. New York, August 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Caja de Seguros S.A. and other ratings that are associated with the same analytical unit.

  • Thomson Reuters StreetEvents

    Edited Transcript of G.MI earnings conference call or presentation 1-Aug-19 10:00am GMT

    Half Year 2019 Assicurazioni Generali SpA Earnings Call (Q&A)

  • Is Assicurazioni Generali S.p.A. (BIT:G) A Smart Choice For Dividend Investors?
    Simply Wall St.

    Is Assicurazioni Generali S.p.A. (BIT:G) A Smart Choice For Dividend Investors?

    Today we'll take a closer look at Assicurazioni Generali S.p.A. (BIT:G) from a dividend investor's perspective. Owning...

  • Moody's

    Envivas Krankenversicherung AG -- Moody's announces completion of a periodic review of ratings of Generali Deutschland AG

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Generali Deutschland AG 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.

  • Will Assicurazioni Generali S.p.A.'s (BIT:G) Earnings Grow Over The Next Year?
    Simply Wall St.

    Will Assicurazioni Generali S.p.A.'s (BIT:G) Earnings Grow Over The Next Year?

    In December 2018, Assicurazioni Generali S.p.A. (BIT:G) announced its earnings update. Overall, analysts seem fairly...

  • Thomson Reuters StreetEvents

    Edited Transcript of G.MI earnings conference call or presentation 16-May-19 10:00am GMT

    Q1 2019 Assicurazioni Generali SpA Earnings Call (Q&A)

  • Is Assicurazioni Generali S.p.A.'s (BIT:G) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is Assicurazioni Generali S.p.A.'s (BIT:G) High P/E Ratio A Problem For Investors?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • Simply Wall St.

    Read This Before Judging Assicurazioni Generali S.p.A.'s (BIT:G) ROE

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we...

  • What Kind Of Investor Owns Most Of Assicurazioni Generali S.p.A. (BIT:G)?
    Simply Wall St.

    What Kind Of Investor Owns Most Of Assicurazioni Generali S.p.A. (BIT:G)?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The big shareholder groups in Assicurazioni Generali S.p.A. (BIT:G) haveRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of G.MI earnings conference call or presentation 14-Mar-19 11:00am GMT

    Full Year 2018 Assicurazioni Generali SpA Earnings Call (Q&A)