FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Nick Lane, Head of Retirement, Wealth Management & Protection Solutions at Equitable Holdings, Inc. (NYSE:EQH), recently executed several transactions involving the company’s common stock. On February 14, Lane sold shares totaling $1,380,842, with prices ranging from $54.26 to $55.29 per share. This significant sale was part of a series of transactions that also included the acquisition of 5,000 shares through option exercises at $23.18 per share, valued at $115,900. These transactions were conducted under a pre-established Rule 10b5-1 trading plan. According to InvestingPro analysis, EQH currently appears slightly undervalued, with management actively buying back shares and maintaining a "GREAT" overall financial health score. For deeper insights into insider trading patterns and comprehensive analysis, subscribers can access the detailed Pro Research Report, available for over 1,400 US stocks.
In other recent news, Equitable Holdings Inc. witnessed a mix of developments. The company’s Q4 2024 earnings matched analyst expectations, with adjusted earnings per share standing at $1.65. However, the revenue of $3.62 billion fell short of the estimated $3.89 billion. The firm also reported a 10% year-over-year increase in total assets under management, reaching $1.02 trillion as of December 31, 2024. For the full year 2024, Equitable generated $1.5 billion in cash and returned $1.3 billion to shareholders.
On the analyst front, Truist Securities updated its analysis of Equitable Holdings, raising the price target to $60 from the previous $52 while retaining a Buy rating. This adjustment reflects expectations for persistent growth in earnings per share and cash flow. Truist Securities has also initiated a 2026 EPS estimate of $8.00 for the company. These recent developments indicate a positive trajectory for Equitable Holdings, as interpreted by Truist Securities.
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