|Bid||17.17 x 0|
|Ask||17.35 x 0|
|Day's Range||17.08 - 17.34|
|52 Week Range||13.67 - 21.55|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||10.19|
|Earnings Date||Nov 10, 2022|
|Forward Dividend & Yield||1.53 (8.89%)|
|Ex-Dividend Date||Oct 18, 2022|
|1y Target Est||18.42|
Subscribe to Yahoo Finance Plus to view Fair Value for G.MI
MILAN (Reuters) -Leading Italian insurer Generali on Thursday confirmed all targets in its business plan to 2024 after upbeat nine-month results, adding it was able to generate 1 billion euros per year of cash for any potential M&A. In September, sources had said Generali was exploring several potential U.S. acquisition targets in the asset management business, including investment firm Guggenheim Partners. For a deal of this size, Generali may need to divest its private bank Banca Generali, sources had said at that time.
France's AXA and Credit Agricole are set to submit by the end of the week binding bids for an insurance deal with Italy's Banco BPM after emerging as the lead contenders in the race, two people close to the matter said. The price tag was higher before Banco BPM in August decided to hold onto its life insurance business, after acquiring full control of the venture by buying out its previous partner Covea. The race pits French insurer AXA, which already partners with Monte dei Paschi di Siena in Italy, against Credit Agricole, the single biggest investor in Banco BPM.
Italian insurer Generali has held informal deal talks with Guggenheim Partners on a range of options including a full acquisition of the U.S. investment firm's asset management business, Bloomberg News reported on Friday, citing sources. The options also include a partnership or a strategic investment in Guggenheim, and are intended to bolster the Italian company's asset management business, the report said. Under a plan unveiled in December, Generali had earmarked up to 3 billion euros ($2.9 billion) for mergers and acquisitions in insurance and asset management businesses, citing possible deals in Europe, Asia and the United States.