|Bid||5.01 x 0|
|Ask||5.06 x 0|
|Day's range||4.99 - 5.07|
|52-week range||3.30 - 5.63|
|Beta (5Y monthly)||1.50|
|PE ratio (TTM)||24.34|
|Earnings date||25 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 May 2019|
|1y target est||9.00|
Italian insurer Cattolica Assicurazioni stuck to its guidance for the current year, after reporting a better-than-expected 2020 operating profit thanks to lower motor claims after COVID-19 restrictions cut traffic on the roads. Cattolica, in which bigger rival Assicurazioni Generali is the top investor with a 24.4% stake followed by Warren Buffett's Berkshire Hathaway, has come under scrutiny by Italy's insurance supervisors. The Verona-based company said its operating profit rose 37% year-on-year in 2020 to 412 million euros ($487 million), above a range of between 360-380 million euros it had provided in January.
Three Cattolica Assicurazioni <CASS.MI> executives including its chairman and managing director are under investigation for alleged undue influence over some of the insurer's shareholder meetings, a source close to the matter said on Sunday. Tax police had searched its headquarters and taken documents, it said, denying the allegation - which touches on its planned tie-up with larger rival Generali <GASI.MI> - and adding that it was ready to fully cooperate with authorities.. Chairman Paolo Bedoni, Managing Director Carlo Ferraresi and Board Secretary Alessandro Lai were the three representatives in question, the source said on Sunday.
Tax police searched the headquarters of Italy's Cattolica Assicurazioni <CASS.MI> on Friday and took documents as part of an investigation by market regulator Consob into alleged undue influence over three shareholders' meetings, the company said. The meetings under investigation include one held on Friday, where investors approved Cattolica's conversion into a joint-stock company, it said, paving the way to a tie-up with larger rival Generali <GASI.MI>. Cattolica said in a statement on Saturday that tax police had also notified some of its representatives that they were under investigation.