Truist completes previously announced sale of Truist Insurance Holdings to investor group led by Stone Point Capital and CD&R [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
completed the previously announced sale of its remaining stake in Truist Insurance Holdings ("TIH"), a subsidiary of Truist and the fifth largest insurance brokerage in the United States , to an investor group led by private equity firms Stone Point Capital (" Stone Point ") and Clayton, Dubilier & Rice ("CD&R"). Mubadala Investment Company and other co-investors also participated in the investment. "Today's announcement is a testament to our strategy, the value of our insurance business, and the strength and dedication of our teammates," said TIH Chief Executive Officer John Howard . "Our investors provide us with a significant opportunity to expand our operations in an industry where scale is critical to remain competitive. With their backing, we will explore new avenues of growth and strengthen our overall operating strategy built around our diversified portfolio of top-performing businesses, each of which will continue to operate in the marketplace under its current brand name."
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TFC
News
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at Stephens from $43.00 to $47.00. They now have an "overweight" rating on the stock.MarketBeat
- Truist Chairman & CEO to speak at the Bernstein Strategic Decisions Conference [Yahoo! Finance]Yahoo! Finance
- Truist Chairman & CEO to speak at the Bernstein Strategic Decisions ConferencePR Newswire
- Truist Financial Co. (NYSE: TFC) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $43.00 price target on the stock.MarketBeat
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at Piper Sandler from $38.00 to $41.00. They now have a "neutral" rating on the stock.MarketBeat
TFC
Earnings
- 4/22/24 - Beat
TFC
Sec Filings
- 5/13/24 - Form 13F-HR
- 5/10/24 - Form 8-K
- 5/10/24 - Form 8-K
- TFC's page on the SEC website