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    G   IT0000062072

ASSICURAZIONI GENERALI S.P.A.

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Italian Billionaires Strike Deal to Chart Course at Generali

09/13/2021 | 02:44am EDT

By Mauro Orru

Billionaires Francesco Gaetano Caltagirone and Leonardo Del Vecchio have reached an agreement aimed at using their combined shareholding in Assicurazioni Generali SpA to push for a "more profitable and effective management" of the Italian insurer.

Generali said Saturday that Mr. Caltagirone and Mr. Del Vecchio--who together control nearly 11% of the insurer--had agreed to consult each other with a particular emphasis on the appointment of a new board of directors ahead of the company's shareholders' meeting next year.

The agreement between some companies of the Caltagirone Group and Delfin Sarl, steered by Mr. Del Vecchio, aims to push for a new management strategy marked by "technological modernization" and "growth in an open market" setting, Generali said in a statement.

Mr. Caltagirone, whose business extends to the cement and media sectors, has been a member of Generali's board of directors since April 2007.

Mr. Del Vecchio is chairman of Franco-Italian eyewear company EssilorLuxottica SA, and is the founder of Luxottica Group.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

09-13-21 0243ET

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Analyst Recommendations on ASSICURAZIONI GENERALI S.P.A.
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Financials
Sales 2021 73 485 M 85 422 M 85 422 M
Net income 2021 2 712 M 3 153 M 3 153 M
Net Debt 2021 3 872 M 4 501 M 4 501 M
P/E ratio 2021 10,8x
Yield 2021 5,67%
Capitalization 29 251 M 34 061 M 34 003 M
EV / Sales 2021 0,45x
EV / Sales 2022 0,44x
Nbr of Employees 71 860
Free-Float 84,4%
Chart ASSICURAZIONI GENERALI S.P.A.
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Assicurazioni Generali S.p.A. Technical Analysis Chart | G | IT0000062072 | MarketScreener
Technical analysis trends ASSICURAZIONI GENERALI S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 18,64 €
Average target price 18,69 €
Spread / Average Target 0,26%
EPS Revisions
Managers and Directors
Philippe Donnet Chief Executive Officer, MD & Executive Director
Cristiano Borean Chief Financial Officer
Gabriele Galateri di Genola Chairman
Jaime Anchústegui Melgarejo Group Chief Operations & Insurance Officer
Maurizio Basso Group Compliance Officer
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