Mark Pearson (LON:), President and CEO of Equitable Holdings, Inc. (NYSE:NYSE:), recently reported the sale of company stock valued at approximately $1.55 million. The transactions, which took place on January 15, involved the sale of 29,000 shares at prices ranging from $51.6509 to $52.0344 per share. The sale occurred as the stock trades near its 52-week high of $52.04, following an impressive 63.24% return over the past year.
In addition to these sales, Pearson exercised stock options, acquiring 20,000 shares at prices between $21.34 and $23.18, resulting in a total transaction value of $447,529. These activities were conducted under a pre-established Rule 10b5-1 trading plan.
Following these transactions, Pearson holds a total of 629,938.97 shares of Equitable Holdings, reflecting his continued significant investment in the company.
In other recent news, Equitable Holdings Inc. has made significant strides in its financial performance. The company reported a 34% year-over-year rise in its Q3 non-GAAP operating earnings to $501 million and assets under management have exceeded $1 trillion, marking a 20% growth from the previous year. Equitable Holdings also announced the appointment of Douglas Dachille as an independent member of its Board of Directors, further expanding its expertise in strategic areas of insurance, banking, and asset management.
Equitable Holdings’ growth and potential led to an upgrade from Deutsche Bank (ETR:), shifting its rating from Hold to Buy. Deutsche Bank’s decision was influenced by Equitable’s dominant position in the Registered Index-Linked Annuity (RILA) market and its robust capital situation.
In other developments, Athene Holding (NYSE:) disclosed its third-quarter financial results, providing important insights into its financial health. The company’s executive vice president and chief financial officer, Martin P. Klein, signed off on the report, underscoring the formal presentation of the financial results to the market and regulatory bodies. These recent developments highlight the evolving financial landscape of both companies.
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