Truist Financial Corp

TFC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$53.00	Lntgwbp	Kxdjvtvl

Truist Pursues Sale of Minority Stake In Insurance Segment; Deal Highlights Undervaluation of Shares

Eric Compton

Feb 16, 2023

As had been rumored for several weeks, Truist has indeed been pursuing a sale of a minority stake in its insurance business. The deal announced Feb. 16, 2023, values the common equity of the insurance business at $9.75 billion, with Truist also issuing preferred shares tied to the business segment worth $5 billion.

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