Nick Lane, Head of Retirement, Wealth Management & Protection Solutions at Equitable Holdings, Inc. (NYSE:EQH), recently sold shares worth approximately $1.29 million. The transactions, executed on January 15, involved selling 24,000 shares of common stock at prices ranging from $51.6437 to $52.0175 per share.
Additionally, Lane exercised options to acquire 5,000 shares at a price of $23.18 per share, under a Rule 10b5-1 trading plan adopted on September 18, 2024. Following these transactions, Lane holds 121,629 shares directly, including restricted stock units.
In other recent news, Equitable Holdings, Inc. has seen significant strides in its financial performance, reporting a 34% year-over-year rise in its Q3 non-GAAP operating earnings to $501 million. The company's assets under management have exceeded $1 trillion, marking a 20% growth from the previous year. This growth led Deutsche Bank (ETR:DBKGn) to upgrade their rating of Equitable Holdings from Hold to Buy, citing the company's dominant position in the Registered Index-Linked Annuity (RILA) market and its robust capital situation.
In parallel, Athene Holding (NYSE:ATH) Ltd. has disclosed its third-quarter financial results, providing essential insights into its financial health. In addition to these financial updates, Equitable Holdings has announced the appointment of Douglas Dachille as an independent member of its Board of Directors. This move aligns with corporate governance requirements for director independence and is expected to bring valuable insight to the company's leadership.
These recent developments underscore the evolving financial landscape of both Equitable Holdings and Athene Holding. The successful Q3 results from Equitable Holdings and the upgrade from Deutsche Bank underline the company's potential for growth. Athene's Q3 financial results announcement demonstrates its commitment to transparency and regulatory compliance. Both companies continue to make significant strides in their respective markets.
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