FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Arlene Isaacs-Lowe, a director at Equitable Holdings, Inc. (NYSE:EQH), recently sold 1,350 shares of the company’s common stock. The transaction took place on February 27, 2025, at a price of $54.40 per share, amounting to a total sale value of $73,440. The sale comes as EQH trades near its 52-week high of $56.00, having delivered impressive returns of 61% over the past year. According to InvestingPro analysis, the company appears slightly undervalued at its current market capitalization of $16.9 billion. Following this sale, Isaacs-Lowe retains ownership of 14,770 shares in the company. These transactions are part of routine filings and provide insight into the trading activities of company insiders. It’s worth noting that management has been actively buying back shares, and the company has maintained a seven-year streak of consecutive dividend increases. Discover more insights about EQH and 1,400+ other stocks with comprehensive Pro Research Reports on InvestingPro.
In other recent news, Equitable Holdings reported mixed results for the fourth quarter of 2024, with earnings per share (EPS) meeting analyst expectations at $1.65, while revenue fell short at $3.62 billion compared to the anticipated $3.89 billion. The company saw a 10% year-over-year increase in total assets under management, reaching $1.02 trillion. Equitable Holdings also recorded net inflows of $7.1 billion in its Retirement businesses and $4.0 billion in Wealth Management for the year. In related developments, BMO Capital Markets raised its price target for Equitable Holdings to $72, citing improvements in free cash flow following a reinsurance deal with RGA. This transaction is expected to enhance the company’s cash flow dynamics and earnings potential, contributing to an estimated 2% increase in BMO’s 2026 EPS estimate. Meanwhile, Truist Securities adjusted its price target for the company to $60, reflecting expectations for continued growth in EPS and cash flow. Despite a slight reduction in the 2025 EPS forecast, Truist maintains confidence in Equitable’s long-term earnings trajectory. These recent developments highlight Equitable Holdings’ strategic moves and financial performance, which analysts believe will support sustained growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.