Brand Pearson (LON:), Chairman and CEO of Equitable Holdings, Inc. (NYSE:NYSE:), recently announced the sale of shares of the company valued at approximately $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 selling came as the stock trades near its 52-week high of $52.04, following an impressive return of 63.24% 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, representing a total transaction value of $447,529. These activities were conducted within the framework of a pre-established trading plan under Rule 10b5-1.
As a result of these transactions, Pearson owns a total of 629,938.97 shares of Equitable Holdings, reflecting its significant and ongoing investment in the company.
Furthermore, Equitable Holdings Inc. has made significant progress in its financial performance. The company reported a 34% year-over-year increase in third-quarter non-GAAP operating profit to $501 million, and its assets under management exceeded $1 trillion, or a growth of 20% compared to the previous year. Equitable Holdings also announced the appointment of Douglas Dachille as an independent member of its board of directors, expanding its expertise in the strategic areas of insurance, banking and asset management.
The growth and potential of Equitable Holdings led to an upgrade of German Bank (ETR:), moving its rating from Hold to Buy. Deutsche Bank’s decision was influenced by Equitable’s dominant position in the registered index linked annuities (RILA) market and its strong capital position.
Separately, Athene Holding (NYSE:) disclosed its third quarter financial results, providing important information on 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 regulators. These recent developments highlight the changing financial landscape of both companies.
This article was generated with the support of AI and reviewed by an editor. For more information, consult our General Terms and Conditions.
