Nick Lane, Head of Retirement, Wealth Management & Protection Solutions at Equitable Holdings, Inc. (NYSE:EQH), recently executed a series of stock transactions. On December 18, 2024, Lane sold a total of 25,000 shares of Equitable Holdings common stock, generating approximately $1.15 million. The sales were conducted at prices ranging from $44.676 to $46.4903 per share.
In addition to the sales, Lane also exercised options to acquire 5,000 shares of common stock at a price of $23.18 per share, as part of a pre-established trading plan under Rule 10b5-1. Following these transactions, Lane’s total direct ownership stands at 141,629 shares, including restricted stock units. InvestingPro analysis indicates that management has been actively buying back shares, while the company’s Fair Value suggests potential upside remains. Get access to 7 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Athene Holding (NYSE:ATH) Ltd. and Equitable Holdings, Inc. have both disclosed their third-quarter financial results, providing investors with new insights into their operational outcomes. Athene Holding has furnished its Q3 financial details to the Securities and Exchange Commission (SEC) in a Form 8-K filing, underscoring the company’s commitment to transparency and regulatory compliance. On the other hand, Equitable Holdings reported a 34% year-over-year increase in its third-quarter non-GAAP operating earnings to $501 million. The company’s assets under management have also grown by 20%, exceeding $1 trillion.
Equitable’s retirement segment saw a 25% increase in sales year-over-year, with net inflows of $1.7 billion. The company’s wealth management reported record advisory net inflows of $1.9 billion. The firm anticipates full-year cash generation at the high end of $1.4 billion to $1.5 billion guidance and targets $2 billion cash generation by 2027.
These recent developments offer a snapshot of both companies’ financial conditions. They also provide essential insights into their financial health and operational outcomes, crucial for investors and analysts to gauge their performance.
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