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Top related persons:
Semafor - 1 Truist - 1 Shivani Tanna - 1 Niket - 1 Maju Samuel - 1 Shounak - 1
Top related locs:
U.S dealmaking Bengaluru
Top related orgs:
Truist - 1 Truist Insurance Holdings - 1 Truist Insurance - 1 Thomson - 1

Search resuls for: "Truist Insurance"


2 mentions found


☆ Truist in talks to sell insurance business for $10 bln - Semafor
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +1 min
Oct 10 (Reuters) - Truist Financial (TFC.N) is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter. Stone Point bought a 20% stake in the unit, known as Truist Insurance Holdings, in April in a deal that valued the business at $14.75 billion. When the transaction was unveiled in February, before the industry turmoil, Truist said it would continue to own 80% of the unit. The talks with Stone Point are ongoing, according to the Semafor report, which added that a deal may hinge on Stone Point's ability to scrounge up enough debt. Truist Financial declined to comment on the Semafor report, while Truist Insurance and Stone Point did not immediately respond to Reuters requests for comment.
Persons: Semafor, Truist, Shivani Tanna, Niket, Maju Samuel, Shounak Organizations: Truist, Truist Insurance Holdings, Truist Insurance, Thomson Locations: U.S, dealmaking, Bengaluru
☆ These highly rated value stocks are doing well this year, and analysts expect them to build on those gains
  + stars: | 2023-02-23 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
They also have at 10% or more upside to the average analyst price target, per FactSet. Five-star rated Citigroup is up 11% for the year and has almost 12% upside to the average analyst price target. Shares are up more than 10% year to date and have another 5% upside to the average analyst price target. TFC YTD mountain Truist Financial's year-to-date performance Truist can rally nearly 11% upside over the next 12 months, based on the average analyst price target. Ford Motor shares could also rally almost 11%, according to the average analyst price target.
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