|Bid||15.43 x 0|
|Ask||15.51 x 0|
|Day's Range||15.31 - 15.52|
|52 Week Range||13.86 - 17.13|
|PE Ratio (TTM)||11.11|
|Earnings Date||Nov 8, 2018|
|Forward Dividend & Yield||0.85 (5.65%)|
|1y Target Est||16.46|
Assicurazioni Generali SpA (BIT:G) had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of €14.17 to €15.33. However,Read More...
Assicurazioni Generali SpA showed its money-management ambitions with a $4 billion bet on a new firm headed by former AllianceBernstein chief Peter Kraus that seeks to turn the industry fee system on its head. The commitment makes good on Chief Executive Officer Philippe Donnet’s promise to increase the share of earnings Generali gets from asset management. “Portfolio managers will say they all want to perform, but at the end of the day, if they don’t, they get paid basically the same as when they do perform.
Mr Kraus had run AllianceBernstein since 2008 but last May Axa, its majority shareholder, abruptly announced that he would leave along with much of its board. Sixteen months on, Mr Kraus and Generali, an Axa rival, are launching an asset manager called Aperture Investors.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to learn about the link between company’s fundamentals and stock market performance.Read More...
Italy's biggest insurer Assicurazioni Generali (GASI.MI) said on Thursday it was in exclusive talks to buy the majority of French investment firm Sycomore and develop a partnership in line with its multi-boutique strategy in asset management. Paris-based Sycomore has more than 8.3 billion euros (7.5 billion pounds) in assets under management and is a pioneer in socially-responsible investments, Generali said in a statement. Sycomore would become part of Generali's multi-boutique platform coordinated by Generali Investments Partners, the insurer said, adding Sycomore's founders would remain significant shareholders and its employees increase their ownership.
If you want to know who really controls Assicurazioni Generali SpA (BIT:G), then you’ll have to look at the makeup of its share registry. Institutions will often hold stock inRead More...
Italy’s Assicurazioni Generali SpA is in talks to buy France’s Sycomore Asset Management to boost its offering of environmental and socially-responsible funds, according to people with knowledge of the matter. Generali and Sycomore, which has 8 billion euros ($9.34 billion) under management, may announce the deal as soon as next month, the people said, declining to be identified because talks are private. Talks are ongoing and other bidders remain interested, according to the people.
It’s another busy day for European corporate news, with forecast-beating numbers from Air France-KLM, BNP Paribas and Lloyds Banking the highlights of a fresh batch of company earnings.
Italy's top insurer Generali said on Wednesday it was eyeing acquisitions in non-life insurance and asset management as its cash pile grew on the back of disposals and stronger operations. Last month it agreed to sell a majority of its German life insurance unit Generali Leben to private equity-backed Viridium for up to 1.9 billion euros (£1.7 billion). Speaking to analysts in a call after first-half results, Generali chief executive Philippe Donnet said the group was looking at M&A opportunities in different geographical areas to help diversify its business.
Ageas (AGES.BR) has not been approached by Chinese conglomerate Fosun International about a possible bid, the Belgian insurer's chief executive told Reuters on Friday, adding that he has met Fosun officials on only one occasion in the past. Ageas' shares briefly jumped as much as 6.5 percent on Wednesday after Bloomberg News reported Fosun was considering a bid for Ageas, which has operations in Asia and Europe. Ageas has a market capitalisation of 9.1 billion euros (8.09 billion pounds), though bankers told Reuters any bid for the firm would likely total more than 10 billion euros.
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Link businesses will be purchased by London-based Life Company Consolidation Group. The transaction will increase the amount raised by Generali from divestments to about 1.5 billion euros, according to the statement.
Vincent Chaigneau, head of research at Generali Investment, discusses the impact of the Trump administration's trade rhetoric on markets. He speaks with Bloomberg's Mark Barton and Vonnie Quinn on "Bloomberg ...
AIX-EN-PROVENCE, France (Reuters) - Italy's Generali, fresh from agreeing to sell a majority of its German life insurance unit, has almost wrapped up all of its planned disposals as it prepares for a new phase of expansion, Chief Executive Philippe Donnet said on Friday. "In terms of what was on the list (of assets to sell), we've practically got to the end," Donnet said on the sidelines of a conference in Aix-en-Provence, southern France. Donnet said Generali's operations in Portugal, which according to Portuguese media had attracted Chinese interest in recent months, were not for sale or part of planned sell-offs.
Generali (GASI.MI) has agreed to sell a majority of its German life insurance unit Generali Leben to private equity-backed Viridium for up to 1.9 billion euros, raising cash for the Italian insurer that could be used for targeted acquisitions. Europe's third largest insurer said on Thursday it would sell 89.9 percent of Leben in a deal that valued the company at up to 1 billion euros ($1.2 billion). Viridium will also reimburse an internal loan of 882 million euros.
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Generali has agreed to sell its German life insurance unit to a company owned by Cinven and Hannover Rueck for up to €1 billion.
FRANKFURT/MUNICH (Reuters) - Italy's Generali (GASI.MI) is expected to start exclusive talks shortly over the potential sale of its 35.41 billion pounds($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said. Generali and Viridium declined to comment, and people familiar with the matter said no final decisions had been taken and that talks could still fall apart. Italy's biggest insurer is expected to sell its German Generali Leben unit, which is in a "run-off" process honouring existing policies but not issuing new ones, for about 900 million to 1 billion euros, people close to the matter have said.
FRANKFURT/MUNICH (Reuters) - Italy's Generali (GASI.MI) is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said. Generali and Viridium declined to comment, and people familiar with the matter said no final decisions had been taken and that talks could still fall apart. Italy's biggest insurer is expected to sell its German Generali Leben unit, which is in a "run-off" process honoring existing policies but not issuing new ones, for about 900 million to 1 billion euros, people close to the matter have said.
Sep.20 -- Peter Kraus, founder at Aperture Investors, discusses his new mutual fund firm aimed at changing fee structures for investors and the $4 billion that was raised to back the fund. He speaks on "Bloomberg Markets."