Truist Insurance Holdings furthers growth through acquisition of Constellation Affiliated Partners from RedBird Capital Partners
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: PR Newswire
CHARLOTTE, N.C., May 24, 2021 /PRNewswire/ -- Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation, announced today that it has signed a definitive agreement with RedBird Capital Partners to acquire Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents (MGAs) and program managers. The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings' wholesale division. Financial terms were not disclosed. "Expanding our insurance business remains a key priority for Truist as we continually look for ways to enhance our offerings and introduce new clients to Truist," said Kelly S. King, Chairman and CEO of Truist Financial Corporation. "This acquisition enables us to continue diversifying our revenue and provide expansive insurance solutions to our clients—while ultimately helping us fulfill our purpose to build better lives and communities.""The Constellation Affiliated Partner
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TFC
News
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at Citigroup Inc. from $42.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- Truist declares common and preferred stock dividendsPR Newswire
- Truist Financial Co. (NYSE: TFC) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $43.00 price target on the stock.MarketBeat
- Truist shareholders elect Laurence Stein to board of directorsPR Newswire
- Truist Financial Co. (NYSE: TFC) was upgraded by analysts at Compass Point from a "neutral" rating to a "buy" rating. They now have a $42.00 price target on the stock.MarketBeat
TFC
Earnings
- 4/22/24 - Beat
TFC
Sec Filings
- 4/24/24 - Form 3
- 4/22/24 - Form 8-K
- 4/15/24 - Form 8-K
- TFC's page on the SEC website