FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Mark Pearson (LON:PSON), the President and CEO of Equitable Holdings, Inc. (NYSE:EQH), recently executed a series of stock transactions, according to a regulatory filing. On February 14, Pearson sold a total of 30,000 shares of Equitable Holdings stock, generating approximately $1.66 million. The shares were sold at prices ranging from $53.9942 to $55.78 per share. The stock, currently trading at $55.52, is near its 52-week high and has delivered an impressive 65.63% return over the past year. According to InvestingPro analysis, the company appears to be slightly undervalued based on its Fair Value estimates.
Additionally, Pearson exercised options to acquire 20,000 shares at a price of $23.18 per share, valued at approximately $463,600. These transactions were conducted under a prearranged 10b5-1 trading plan adopted on May 30, 2024. Following these transactions, Pearson’s direct ownership stands at 714,462.97 shares. InvestingPro data reveals that management has been actively buying back shares, and the company maintains a healthy P/E ratio of 14.48. For deeper insights into insider transactions and 12+ additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Equitable Holdings has been in the spotlight due to a series of developments. Truist Securities has increased its price target for Equitable Holdings to $60, reflecting optimism about the company’s growth prospects. This adjustment was made despite a minor reduction in the 2025 earnings per share (EPS) estimate, which Truist attributes to a smaller impact from share repurchases and ongoing challenges in the Protection Solutions sector. A 2026 EPS estimate of $8.00 was also initiated by Truist Securities.
On the earnings front, Equitable Holdings reported mixed Q4 results, with earnings meeting analyst expectations but revenue falling short. The company posted adjusted EPS of $1.65 and revenue of $3.62 billion. Additionally, Equitable’s total assets under management and administration rose 10% year-over-year to reach $1.02 trillion as of December 31, 2024.
Further, Equitable generated $1.5 billion in cash in 2024 and returned $1.3 billion to shareholders, achieving a 66% payout ratio. Looking ahead, Equitable expects 2025 non-GAAP operating EPS growth to align with its 12-15% target and projects cash generation to increase to $1.6-1.7 billion. These recent developments reflect the ongoing progress and growth trajectory of Equitable Holdings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.