|Bid||16.40 x 0|
|Ask||16.52 x 0|
|Day's Range||16.32 - 16.51|
|52 Week Range||13.62 - 17.13|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||11.29|
|Earnings Date||May 16, 2019|
|Forward Dividend & Yield||0.90 (5.48%)|
|1y Target Est||16.43|
Philippe Donnet, Generali Group CEO, joins 'Squawk Box' to weigh in on why he doesn't see interest rates going up, the G-20 summit and his thoughts on Fed chair Jerome Powell's comments on Wednesday.
European shares rose to a five-month high on Thursday, boosted by strength in the banking sector after Britain's parliament voted to reject a disorderly Brexit. Sentiment improved from cautious to upbeat after the open, ahead of another vote on Thursday evening that could delay Britain's planned departure from the European Union. "We now see a 60 percent chance (up from 55 percent) that a close variant of the prime minister's current Brexit deal is eventually ratified," Goldman Sachs analysts wrote.
1348 GMT - Investors will be looking for hints of any shift in Eni’s thinking about growth at tomorrow’s capital markets day, particularly relating to its appetite for mergers and acquisitions, HSBC says. HSBC says Eni may want to consider picking up some producing assets to strengthen its longer-term production outlook and improve its downstream business, which is fairly small. 1338 GMT - Ferguson investors are likely to eye the building-material supplier’s trading and U.S. outlook in interim results on Mar. 26, Canaccord Genuity says.
SpA (G.MI) raised its dividend after it said it beat the targets set in its business plan and reported an increase in 2018 net profit. Net profit for the year rose 9.4% to 2.31 billion euros ($2.61 billion). “Assicurazioni Generali has completed the 2015-18 strategic plan, exceeding all the targets and successfully concluding its industrial turnaround,” the CEO said.
Announcement: Moody's announces completion of a periodic review of ratings of Mediobanca S.p.A. Paris, March 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mediobanca S.p.A. 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.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...
One of the most difficult industry to value is insurance, given that they adhere to different rules compared to other companies. For example, insurance firms don’t have gross profits as Read More...
Moody's Investors Service ("Moody's") has today assigned a Baa3(hyb) rating to the EUR500 million fixed rate senior dated subordinated Tier 2 notes due 2029 to be issued by Assicurazioni Generali S.p.A (Generali, Baa2 senior unsecured rating, stable outlook) under its EUR15 billion EMTN programme. The Baa3(hyb) rating is two notches below Generali's Baa1 insurance financial strength rating reflecting (i) the dual role of Generali which acts as both a holding company and an internal reinsurer for the Generali group (ii) Generali's reliance on subsidiary dividends, as opposed to own generated reinsurance cash flows, mitigated by the benefits from the geographically diversified sources of dividends originated outside Italy (iii) the current level of cash flows available at the holding company which in 2017 covered around 4x interest and holding expenses.
The amendment to Europe's Capital Requirements Regulations (CRR) would extend the deadline for the deductions to Dec. 31, 2024 from the end of this year, according to a draft of the EU banking package seen by Reuters. In Italy, a change to the CRR would mean Mediobanca (MDBI.MI) would not immediately have to deduct its 13 percent stake in insurer Generali (GASI.MI) from its own capital base. Mediobanca plans to fully deduct the holding by the end of 2018.
Since Assicurazioni Generali SpA (BIT:G) released its earnings in June 2018, the consensus outlook from analysts appear somewhat bearish, as a 7.0% rise in profits is expected in the upcoming Read More...
The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list ...
Generali (GASI.MI) has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy's top insurer -- which generates most of its revenues in Italy, France and Germany -- said in its new plan covering the next three years it was keen to strengthen its position as Europe's top player. It said Asian and Latin America markets could provide up to 25 percent of annual earnings growth.
A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare for such a sweeping change. A spokeswoman for the International Accounting Standards Board (IASB) said that at a meeting on Wednesday the IASB backed a 12-month delay to January 2022. The insurance industry had called for introduction of the rule to be delayed until 2023.
Global insurance regulators have proposed suspending publication of their list of systemic insurers who must comply with tougher capital rules, in a victory for the industry. The International Association ...
Rating Action: Moody's affirms ratings on Assicurazioni Generali S.p.A, confirms Allianz S.p.A., downgrades Unipol Gruppo S.p.A. - Assicurazioni Generali S.p.A: Baa1 insurance financial strength rating (IFSR) affirmed, outlook stable.