Notice Pearson (LON:), President and CEO of Equitable Holdings, Inc. (NYSE:NYSE:), recently reported a sale of company stock worth about $1.55 million. The transactions, which took place on January 15, included the sale of 29,000 shares at prices ranging from $51.6509 to $52.0344 per share. The sale occurred as the stock traded near its 52-week high of $52.04, after an impressive return of 63.24% over the past year.
In addition to these sales, Pearson used stock options, acquiring 20,000 shares at prices between $21.34 and $23.18, resulting in a total value of $447,529. These activities are conducted under the previously established Policy 10b5-1.
Following this transaction, Pearson owns 629,938.97 shares of Equitable Holdings, indicating his continued significant investment in the company.
In other recent news, Equitable Holdings Inc. has made significant progress in its financial performance. The company reported a 34% year-over-year increase in its Q3 non-GAAP operating income to $501 million and assets under management surpassed $1 trillion, marking 20% growth over the previous year. Equitable Holdings also announced the appointment of Douglas Dachille as an independent member of the Board of Directors, further expanding its expertise in the areas of insurance strategy, banking and asset management.
Equitable Holdings' growth and potential led to improvements from Deutsche Bank (ETR:), removes 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 robust capital situation.
In other developments, Athene Holding (NYSE: ) announced its fiscal third quarter results, providing important information on its financial health. The company's vice president and chief financial officer, Martin P. Klein, signed the statement, emphasizing the formal presentation of financial results to the market and regulatory authorities. This recent development highlights the growing financial position of both companies.
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