Jeffrey J. Hurd, the Chief Operating Officer of Equitable Holdings, Inc. (NYSE:EQH), a $14.6 billion financial services company whose stock has surged 45.5% year-to-date, recently sold 6,666 shares of the company's common stock. The transactions, which took place on December 16, were executed under a Rule 10b5-1 trading plan that Hurd adopted on August 7, 2024. The shares were sold at a weighted average price of $47.3081, resulting in a total transaction value of $315,355. According to InvestingPro, while this insider sale occurred, management has been actively buying back shares, and the company maintains a GOOD overall financial health score.
The sales were carried out through multiple trades, with prices ranging from $46.89 to $47.54 per share, near the stock's 52-week high of $50.51. Get access to 8 more key InvestingPro insights and comprehensive analysis with the Pro Research Report. Following this sale, Hurd retains 98,875.49 shares, which include Restricted Stock Units.
In other recent news, Athene Holding (NYSE:ATH) Ltd. disclosed its third-quarter financial results, underscoring the company's commitment to transparency and regulatory compliance. The financial details, available on the company's website, were also furnished to the Securities and Exchange Commission in a Form 8-K filing, providing essential insights into Athene's financial health and operational outcomes. The company's executive vice president and CFO, Martin P. Klein, signed off on the report, marking the formal presentation of the financial results to the market and regulatory bodies.
Simultaneously, Equitable Holdings, Inc. reported a significant increase in its third-quarter non-GAAP operating earnings. The financial services company saw a 34% year-over-year rise to $501 million, or $1.53 per share, and an adjusted non-GAAP EPS growth of 22% to $1.59. Furthermore, Equitable Holdings' assets under management exceeded $1 trillion, a 20% increase from the previous year. These figures reflect the company's strategic initiatives, including partnerships and product offerings, that have contributed to its performance in the competitive U.S. retirement market.
These are recent developments that investors should note. Despite the challenges, both Athene Holding Ltd . and Equitable Holdings, Inc. demonstrated robust financial performances, providing crucial insights into their financial health and operational outcomes.
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