Evaluation Pearson (LON:), President and Chief Executive Officer of Equitable Holdings, Inc. (NYSE:NYSE: ), recently reported the sale of approximately $1.55 million worth of company stock. The transactions, which occurred on January 15, involved the sale of 29,000 shares at prices ranging from $51.6509 to $52.0344 per share. The sell-off came as the stock traded near a 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 carried out according to a predetermined trading plan under Rule 10b5-1.
Following these transactions, Pearson holds a total of 629,938.97 shares of Equitable Holdings, reflecting its continued significant investment in the company.
In other recent news, Equitable Holdings Inc . has made significant progress in its financial results. The company reported a 34% year-over-year increase in its non-GAAP operating income in the third quarter to $501 million, and assets under management surpassed $1 trillion, representing 20% year-over-year growth. Equitable Holdings also announced the appointment of Douglas Dachille as an independent member of its Board of Directors, further expanding his expertise in the strategic areas of insurance, banking and asset management.
The growth and potential of Equitable Holdings led to an upgrade from Deutsche Bank (ETR:), changing its rating from Hold to Buy. Deutsche Bank’s decision was influenced by Equitable’s dominant position in the registered index annuity (RILA) market and its strong capital position.
In addition, Athene Holding (NYSE: ) reported 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 the report, emphasizing the formal presentation of financial results to the market and regulatory authorities. These recent developments highlight the evolving financial landscape of both companies.
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