William James Eckert IV, the Chief Accounting Officer of Equitable Holdings, Inc. (NYSE:EQH), has sold 1,700 shares of the company’s common stock. The shares were sold at a price of $46.68 each, amounting to a total transaction value of $79,356. Following this transaction, Eckert holds 17,677 shares, which includes Restricted Stock Units. While this insider sale might raise questions, InvestingPro data reveals that management has been actively buying back shares, and the company maintains a GOOD overall financial health score. This recent sale was disclosed in a filing with the Securities and Exchange Commission, providing investors with insights into insider activities at the company. For deeper analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering this and 1,400+ other top US stocks.
In other recent news, Athene Holding (NYSE:ATH) Ltd. disclosed its third-quarter financial results, maintaining its commitment to transparency and regulatory compliance. The details, furnished to the Securities and Exchange Commission (SEC) in a Form 8-K filing, are accessible to the public, providing essential insights into the company's financial health and operational outcomes. Meanwhile, Equitable Holdings, Inc. reported a significant increase in its third-quarter non-GAAP operating earnings, marking 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, a 20% increase year-over-year, indicating strong growth in key segments. These are recent developments that investors should note. Despite increased competition in the retirement market, Equitable Holdings reported a 25% increase in sales year-over-year, with net inflows of $1.7 billion. Lastly, the company anticipates full-year cash generation at the high end of $1.4 billion to $1.5 billion guidance, targeting $2 billion cash generation by 2027.
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