Equitable Holdings CEO sells shares worth $1.55 million By Investing.com

Mark: Pearson (LON:), Chairman and CEO of Equitable Holdings, Inc. (NYSE:NYSE:), recently announced the sale of approximately $1.55 million worth of company stock.The transactions that took place on January 15th included 29,000 shares were sold at prices ranging from $51.6509 to $52.0344 per share. around $52.04 after an impressive 63.24% return over the past year.

In addition to these sales, Pearson exercised stock options to acquire 20,000 shares at prices ranging from $21.34 to $23.18, for a total transaction value of $447,529 according to

Following these transactions, Pearson owns a total of 629,938.97 shares of Equitable Holdings, reflecting his continued significant investment in the company.

In other recent news, Equitable Holdings Inc. made significant progress in its financial performance, reporting a 34% year-over-year increase in its non-GAAP operating profit to $501 million and assets under management surpassing $1 trillion, up 20%. growth over the previous year. Equitable Holdings also announced the appointment of Douglas Dachile as an independent member of the board of directors, further expanding his expertise in insurance, banking and strategic asset management. areas.

The growth and potential of Equitable Holdings led to an upgrade Deutsche Bank (ETR:) moving its rating from Hold to Buy.Deutsche Bank’s decision was influenced by Equitable’s dominance in the Registered Index-Linked Annuity (RILA) market and its strong capital position.

In other developments, Athene Holding (NYSE:) disclosed its third quarter financial results, providing important insights into its financial health.The company’s executive vice president and chief financial officer, Martin P. Klein signed off on the report, highlighting the formal presentation of financial results to the market and regulators.These latest developments highlight the evolving financial landscape for both companies.

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