ARZGF - Assicurazioni Generali: M&A Upside And Solid Execution
2024-04-18 18:16:23 ET
Summary
- €500 million buyback in 2024 and higher-than-expected DPS remuneration.
- A solid balance sheet with a Solvency ratio above the regulatory requirements makes Generali a potential M&A hunter.
- Valuation remains reasonable considering the company's strong performance. Our buy rating is then confirmed.
Here at the Lab, we have missed our coverage of Assicurazioni Generali S.p.A. ( OTCPK: ARZGF ). Following our last update (August 2023), the company's stock price is up by almost 25% (Fig 1). In the meantime, Generali released a 2024 Investor Update and the Fiscal Year 2023 results....
Assicurazioni Generali: M&A Upside And Solid Execution