Truist Financial Corporation

TFC

US89832Q1094

Banks

Real-time Estimate Cboe BZX Other stock markets 09:33:56 2024-04-24 am EDT			5-day change	1st Jan Change
38.72 ^USD	-0.31%		+8.98%	+5.20%

02:49pm	Citigroup Adjusts Price Target on Truist Financial to $45 From $42, Buy Rating Maintained	MT
Apr. 23	Truist Financial Keeps Quarterly Dividend at $0.52 Per Share, Payable June 3 to Shareholders of Record May 10	MT

Truist Insurance Holdings to Buy Constellation Affiliated Partners

May 24, 2021 at 05:55 am EDT

By Dave Sebastian

Truist Insurance Holdings Inc., a Truist Financial Corp. subsidiary, said it has agreed to buy insurance-distribution platform Constellation Affiliated Partners from RedBird Capital Partners for an undisclosed amount.

The transaction would add about $160 million in annual revenue to the unit's wholesale division, Truist said Monday.

"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," Truist Financial Chairman and Chief Executive Kelly King said. "This acquisition enables us to continue diversifying our revenue and provide expansive insurance solutions to our clients."

RedBird Capital Partners formed Constellation Affiliated Partners in 2019 and grew it through acquisitions.

Truist said Constellation Affiliated Partners would be combined with Truist insurance Holdings' CRC Group.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

05-24-21 0755ET

Latest news about Truist Financial Corporation

Citigroup Adjusts Price Target on Truist Financial to $45 From $42, Buy Rating Maintained	08:49am	MT
Truist Financial Keeps Quarterly Dividend at $0.52 Per Share, Payable June 3 to Shareholders of Record May 10	Apr. 23	MT
Truist Financial Corporation Elect Laurence Stein to Board of Directors	Apr. 23	CI
Compass Point Upgrades Truist Financial to Buy From Neutral, Adjusts Price Target to $42 From $34	Apr. 23	MT
Argus Raises Price Target on Truist Financial to $44 From $42	Apr. 23	MT
Janney Adjusts Truist Financial's Price Target to $41.50 From $40, Keeps Neutral Rating	Apr. 23	MT
Morgan Stanley Adjusts Truist Financial's Price Target to $44 From $43, Keeps Equalweight Rating	Apr. 23	MT
Equity Markets Close Higher With Key Earnings in Focus This Week	Apr. 22	MT
Equity Markets Close Higher With Week's Key Earnings in Focus	Apr. 22	MT
Sector Update: Financial Stocks Rise Late Afternoon	Apr. 22	MT
Equities Rise Intraday as Investors Look Ahead to This Week's Key Earnings	Apr. 22	MT
Sector Update: Financial Stocks Gain Monday Afternoon	Apr. 22	MT
Sector Update: Financial	Apr. 22	MT
Raymond James Lowers Truist Financial Price Target to $41 from $42	Apr. 22	MT
Top Midday Stories: Verizon Shares Down, Truist Shares Up Post Earnings; CNH Industrial Names New Chief Executive; Tesla Dissolves Newly Created Marketing Team	Apr. 22	MT
Sector Update: Financial Stocks Edge Higher Premarket Monday	Apr. 22	MT
Truist Financial Lowers 2024 Revenue Guidance as First-Quarter Results Decline	Apr. 22	MT
Sector Update: Financial	Apr. 22	MT
Transcript : Truist Financial Corporation, Q1 2024 Earnings Call, Apr 22, 2024	Apr. 22
Truist's profit falls as interest income shrinks on higher deposit costs, tepid loan growth	Apr. 22	RE
Earnings Outlook Lifts Walls Street Pre-Bell; Asia, Europe Up	Apr. 22	MT
Stocks Gain Premarket Ahead of Busy Corporate, Big-Tech Earnings Week; Asia, Europe Rise	Apr. 22	MT
Truist Financial's Q1 Adjusted Earnings, Revenue Fall	Apr. 22	MT
TRUIST FINANCIAL CORPORATION Reports Q1 Revenue of $4.87 Billion vs Estimate of $5.70 Billion	Apr. 22	MT
TRUIST FINANCIAL CORPORATION Reports Q1 Adjusted Earnings of $0.90 vs Consensus Estimate of $0.80	Apr. 22	MT

Chart Truist Financial Corporation

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Company Profile

Truist Financial Corporation is a financial holding company organized around 2 areas of activity: - banking activities (Branch Banking and Trust Company): sale of standard and specialized banking products and services (factoring, leasing, insurance, consumer credit, real estate credit, etc.). At the end of 2020, products and services were marketed through a network of 2,781 branches located in the United States; - financial services: primarily asset management, auto financing, brokerage services, and securities services. At the end of 2020, the group had USD 363.3 billion in current deposits and USD 314.5 billion in current credits.

Sector

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Calendar

2024-07-21 - Q2 2024 Earnings Release

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S&P 500

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Ratings for Truist Financial Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

38.84 USD

Average target price

42.38 USD

Spread / Average Target

+9.11%

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Other Banks

Truist Financial Corporation

Equities

TFC

US89832Q1094

Banks

Truist Insurance Holdings to Buy Constellation Affiliated Partners

EPS Revisions