WBAG:AGEN

Stock Analysis Report

Assicurazioni Generali

Executive Summary

Assicurazioni Generali S.p.A. provides various insurance solutions in Europe, the Middle East, Africa, Asia, the Americas, and internationally.

Snowflake

Fundamentals

Established dividend payer and fair value.


Similar Companies

Share Price & News

How has Assicurazioni Generali's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGEN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.4%

AGEN

-0.4%

AT Insurance

-1.7%

AT Market


1 Year Return

30.7%

AGEN

11.8%

AT Insurance

3.1%

AT Market

Return vs Industry: AGEN exceeded the Austrian Insurance industry which returned 11.8% over the past year.

Return vs Market: AGEN exceeded the Austrian Market which returned 3.1% over the past year.


Shareholder returns

AGENIndustryMarket
7 Day-4.4%-0.4%-1.7%
30 Day1.7%0.5%1.5%
90 Day14.4%8.0%3.4%
1 Year38.0%30.7%19.1%11.8%6.9%3.1%
3 Yearn/a43.7%22.6%43.0%30.1%
5 Yearn/a60.3%22.9%62.7%39.9%

Price Volatility Vs. Market

How volatile is Assicurazioni Generali's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Assicurazioni Generali undervalued compared to its fair value and its price relative to the market?

5.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGEN (€18.65) is trading below our estimate of fair value (€19.77)

Significantly Below Fair Value: AGEN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AGEN is poor value based on its PE Ratio (13.1x) compared to the Insurance industry average (12x).

PE vs Market: AGEN is good value based on its PE Ratio (13.1x) compared to the Austrian market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: AGEN is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: AGEN is good value based on its PB Ratio (1.1x) compared to the XE Insurance industry average (1.2x).


Next Steps

Future Growth

How is Assicurazioni Generali forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGEN's forecast earnings growth (2.6% per year) is above the savings rate (0.5%).

Earnings vs Market: AGEN's earnings (2.6% per year) are forecast to grow slower than the Austrian market (8.5% per year).

High Growth Earnings: AGEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: AGEN's revenue (0.9% per year) is forecast to grow slower than the Austrian market (2.6% per year).

High Growth Revenue: AGEN's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGEN's Return on Equity is forecast to be low in 3 years time (10.3%).


Next Steps

Past Performance

How has Assicurazioni Generali performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGEN has high quality earnings.

Growing Profit Margin: AGEN's current net profit margins (2.8%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: AGEN's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: AGEN's earnings growth over the past year (0.2%) is below its 5-year average (5.8% per year).

Earnings vs Industry: AGEN earnings growth over the past year (0.2%) underperformed the Insurance industry 8.3%.


Return on Equity

High ROE: AGEN's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Assicurazioni Generali's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: AGEN has a low level of unsold assets or inventory.

Debt Coverage by Assets: AGEN's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

Asset Level: AGEN's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if AGEN has a sufficient allowance for bad loans.

Low Risk Liabilities: AGEN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if AGEN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AGEN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if AGEN has an appropriate level of bad loans.


Next Steps

Dividend

What is Assicurazioni Generali's current dividend yield, its reliability and sustainability?

4.83%

Current Dividend Yield


Dividend Yield vs Market

company4.8%marketbottom25%1.7%markettop25%4.3%industryaverage4.8%forecastin3Years5.5%

Current dividend yield vs market & industry

Notable Dividend: AGEN's dividend (4.83%) is higher than the bottom 25% of dividend payers in the Austrian market (1.69%).

High Dividend: AGEN's dividend (4.83%) is in the top 25% of dividend payers in the Austrian market (4.29%)


Stability and Growth of Payments

Stable Dividend: AGEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: AGEN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.3%), AGEN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AGEN's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).


Next Steps

Management

What is the CEO of Assicurazioni Generali's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Philippe Donnet (59yo)

3.7yrs

Tenure

0

Mr. Philippe Roger Donnet has been the Chief Executive Officer of Assicurazioni Generali S.p.A. since March 17, 2016 and has been its Managing Director since April 12, 2016. Mr. Donnet served as the Chief  ...


Management Age and Tenure

3.3yrs

Average Tenure

54yo

Average Age

Experienced Management: AGEN's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

57yo

Average Age

Experienced Board: AGEN's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€3,300,00001 Jul 19
Finanziaria Italia 2005 Spa
EntityCompany
Shares200,000
Max Price€16.50
Buy€8,068,19418 Jun 19
Francesco Caltagirone
EntityIndividual
Role
Vice Chairman
Deputy Vice-Chairman
Shares500,000
Max Price€16.16
Buy€11,826,23231 May 19
FGC Spa
EntityCompany
Shares750,000
Max Price€15.80
Buy€15,915,00030 May 19
FGC Spa
EntityCompany
Shares1,000,000
Max Price€15.92
Buy€1,638,09701 Apr 19
FGC Spa
EntityCompany
Shares100,000
Max Price€16.41
Buy€71,07922 Mar 19
FGC Spa
EntityCompany
Shares4,300
Max Price€16.53
Buy€11,232,48211 Feb 19
Delfin S.a.r.l.
EntityCompany
Shares740,000
Max Price€15.21
Buy€10,543,64907 Feb 19
Delfin S.a.r.l.
EntityCompany
Shares690,000
Max Price€15.32
Buy€9,109,44907 Feb 19
Finanziaria Italia 2005 Spa
EntityCompany
Shares600,000
Max Price€15.20
Buy€17,380,97805 Feb 19
Delfin S.a.r.l.
EntityCompany
Shares1,140,000
Max Price€15.32
Buy€12,976,48604 Feb 19
Delfin S.a.r.l.
EntityCompany
Shares840,000
Max Price€15.46
Buy€13,362,39330 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares865,000
Max Price€15.47
Buy€16,904,33128 Jan 19
Finanziaria Italia 2005 Spa
EntityCompany
Shares1,100,000
Max Price€15.41
Buy€770,75028 Jan 19
FGC Spa
EntityCompany
Shares50,000
Max Price€15.42
Buy€16,818,28328 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares1,090,000
Max Price€15.45
Buy€1,541,83328 Jan 19
Francesco Caltagirone
EntityIndividual
Role
Vice Chairman
Deputy Vice-Chairman
Shares100,000
Max Price€15.42
Buy€11,984,53024 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares780,000
Max Price€15.41
Buy€3,846,78124 Jan 19
Francesco Caltagirone
EntityIndividual
Role
Vice Chairman
Deputy Vice-Chairman
Shares250,000
Max Price€15.41
Buy€14,413,44022 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares940,000
Max Price€15.40
Buy€15,671,65718 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares1,040,000
Max Price€15.15
Buy€11,250,62818 Jan 19
Francesco Caltagirone
EntityIndividual
Role
Vice Chairman
Deputy Vice-Chairman
Shares750,000
Max Price€15.03
Buy€11,021,67316 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares740,000
Max Price€14.90
Buy€12,330,75211 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares835,000
Max Price€14.81
Buy€12,371,28210 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares840,000
Max Price€14.74
Buy€13,301,81108 Jan 19
Delfin S.a.r.l.
EntityCompany
Shares915,000
Max Price€14.66
Buy€11,914,08027 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares820,000
Max Price€14.59
Buy€13,880,32121 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares965,000
Max Price€14.61
Buy€11,574,54918 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares800,000
Max Price€14.60
Buy€19,566,80617 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares1,375,000
Max Price€14.33
Buy€3,547,50017 Dec 18
Finanziaria Italia 2005 Spa
EntityCompany
Shares250,000
Max Price€14.19
Sell€3,547,50017 Dec 18
Finanziaria Italia 2005 Spa
EntityCompany
Shares250,000
Max Price€14.19
Buy€9,613,36013 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares670,000
Max Price€14.49
Buy€4,310,76013 Dec 18
Finanziaria Italia 2005 Spa
EntityCompany
Shares300,000
Max Price€14.42
Buy€15,249,97210 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares1,050,000
Max Price€14.79
Buy€10,150,22807 Dec 18
FGC Spa
EntityCompany
Shares700,000
Max Price€14.66
Buy€11,980,95006 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares795,000
Max Price€15.08
Sell€13,501,80005 Dec 18
FGC Spa
EntityCompany
Shares900,000
Max Price€15.00
Buy€7,711,90804 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares520,000
Max Price€14.83
Sell€200,00004 Dec 18
FGC Spa
EntityCompany
Shares500,000
Max Price€0.40
Buy€2,946,98004 Dec 18
FGC Spa
EntityCompany
Shares200,000
Max Price€14.73
Buy€8,462,29003 Dec 18
Delfin S.a.r.l.
EntityCompany
Shares575,000
Max Price€14.81
Buy€7,353,06730 Nov 18
FGC Spa
EntityCompany
Shares500,000
Max Price€14.75
Buy€7,120,45028 Nov 18
FGC Spa
EntityCompany
Shares500,000
Max Price€14.24
Buy€5,291,38828 Nov 18
Delfin S.a.r.l.
EntityCompany
Shares360,000
Max Price€14.70
Buy€2,277,82428 Nov 18
Delfin S.a.r.l.
EntityCompany
Shares160,000
Max Price€14.24

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Philippe Donnet (59yo)

    MD, Group CEO & Director

    • Tenure: 3.7yrs
  • Monica Possa (55yo)

    Group Chief HR & Organization Officer

    • Tenure: 2.1yrs
  • Simone Bemporad

    Group Communications & Public Affairs Director

    • Tenure: 5.8yrs
  • Maurizio Basso (57yo)

    Group Compliance Officer

    • Tenure: 6.7yrs
  • Ottorino Passariello

    Head of Group Operations & Processes

    • Tenure: 1.8yrs
  • Tim Ryan (50yo)

    Group Chief Investment Officer & CEO of Asset & Wealth Management

    • Tenure: 2.8yrs
  • Isabelle Conner (55yo)

    Group Chief Marketing & Customer Officer

    • Tenure: 5.5yrs
  • Antonio Cangeri (53yo)

    Group General Counsel

    • Tenure: 7.8yrs
  • Cristiano Borean (46yo)

    Group Chief Financial Officer

    • Tenure: 1.2yrs
  • Giulia Raffo (41yo)

    Head of Investor & Rating Agency relations

    • Tenure: 0.5yrs

Board Members

  • Gabriele di Genola e Suniglia (72yo)

    Non-Executive Chairman

    • Tenure: 8.6yrs
    • Compensation: €1.06m
  • Lorenzo Pellicioli (68yo)

    Non-Executive Director

    • Tenure: 12.6yrs
    • Compensation: €210.46k
  • Francesco Caltagirone (76yo)

    Deputy Vice-Chairman

    • Tenure: 9.6yrs
    • Compensation: €225.46k
  • Philippe Donnet (59yo)

    MD, Group CEO & Director

    • Tenure: 3.7yrs
  • Carolyn Dittmeier (63yo)

    Chairwoman of Statutory Auditors

    • Tenure: 0yrs
    • Compensation: €100.68k
  • Diva Moriani (51yo)

    Non-Executive Independent Director

    • Tenure: 3.6yrs
  • Clemente Rebecchini (55yo)

    Vice-Chairman

    • Tenure: 6yrs
    • Compensation: €266.46k
  • Romolo Bardin (41yo)

    Non-Executive Independent Director

    • Tenure: 3.6yrs
  • Alberta Figari (55yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: €319.46k
  • Sabrina Pucci (52yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: €278.46k

Company Information

Assicurazioni Generali S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Assicurazioni Generali S.p.A.
  • Ticker: AGEN
  • Exchange: WBAG
  • Founded: 1831
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €29.255b
  • Shares outstanding: 1.57b
  • Website: https://www.generali.com

Number of Employees


Location

  • Assicurazioni Generali S.p.A.
  • Piazza Duca degli Abruzzi 2
  • Trieste
  • Trieste
  • 34132
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ARZG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
0K78LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ASGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
GASI NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
GBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
ASGXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
AGENWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ASGSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
GENENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
ARZG.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Assicurazioni Generali S.p.A. provides various insurance solutions in Europe, the Middle East, Africa, Asia, the Americas, and internationally. It operates through three segments: Life; Non-Life; Asset Man ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 21:40
End of Day Share Price2019/11/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.