Mark Pearson (LON:PSON), President and CEO of Equitable Holdings, Inc. (NYSE:NYSE:EQH), recently executed a series of stock transactions according to a filing with the Securities and Exchange Commission. On December 16, Pearson sold a total of 30,000 shares of Equitable Holdings common stock for approximately $1.42 million. The shares were sold at a weighted average price ranging from $47.3066 to $47.3073 per share. The transaction comes as EQH stock has delivered an impressive 45.5% return year-to-date, according to InvestingPro data.
In addition to these sales, Pearson also exercised stock options to acquire 20,000 shares at a price of $21.34 per share, as part of a pre-established trading plan under Rule 10b5-1. Following these transactions, Pearson holds approximately 639,939 shares of Equitable Holdings, including restricted stock units. These transactions are part of routine portfolio management and are disclosed in accordance with regulatory requirements. InvestingPro analysis shows the company, currently valued at $14.6 billion, appears slightly undervalued based on its Fair Value metrics. InvestingPro subscribers can access 8 additional key insights about EQH's financial health and management activities, including details about the company's aggressive share buyback program.
In other recent news, Athene Holding (NYSE:ATH) Ltd. and Equitable Holdings, Inc. have both reported their third-quarter financial results. Athene Holding Ltd ., a retirement savings products provider, disclosed its financial results for the period ending September 30, 2024. The details, furnished to the Securities and Exchange Commission (SEC) in a Form 8-K filing, provide essential insights into the company's financial health and operational outcomes.
Meanwhile, Equitable Holdings, Inc., a financial services company, reported a significant increase in its third-quarter non-GAAP operating earnings, with a 34% year-over-year rise to $501 million. The company's adjusted non-GAAP EPS grew by 22% to $1.59, exceeding growth expectations. Assets under management surpassed $1 trillion, marking a 20% increase year-over-year.
These recent developments highlight the companies' strong financial performance. Equitable Holdings' strategic initiatives, including partnerships and product offerings, have positioned the company for continued growth in the competitive U.S. retirement market. Similarly, Athene's financial results provide key insights as investors and analysts gauge the company's performance entering the final quarter of the fiscal year.
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