|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||14.15 - 14.15|
|52-week range||13.34 - 21.88|
|Beta (5Y monthly)||1.07|
|PE ratio (TTM)||8.04|
|Forward dividend & yield||1.68 (11.90%)|
|Ex-dividend date||18 Oct 2022|
|1y target est||N/A|
Italy's top insurer Assicurazioni Generali said on Monday it had repurchased 500 million euros ($528 million) worth of its shares, completing a share buyback programme launched in August. Under a strategic plan to 2024 unveiled last year, Generali pledged to return up to 6.1 billion euros in dividends and buybacks to shareholders.
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.
Italy's biggest insurer Assicurazioni Generali said its Portuguese arm had agreed a long-term distribution deal with CTT Group, the country's postal services group, while also taking an 8.7% stake in CTT'S banking unit. Generali said in a statement on Monday its Portuguese unit Tranquilidade would invest in Banco CTT by subscribing to a 25 million euro ($24.82 million) reserved capital increase. Following the accord, Tranquilidade's life and non-life insurance products will be distributed by CTT and by Banco CTT, with a five-year exclusivity period that can be renewed.