Categories: Insider Trading News

Equitable Holdings’ Nick Lane sells $1.15 million in inventory


Nick Lane, Head of Retirement, Wealth Administration & Safety Options at Equitable Holdings, Inc. (NYSE:EQH), lately executed a sequence of inventory transactions. On December 18, 2024, Lane bought a complete of 25,000 shares of Equitable Holdings widespread inventory, producing roughly $1.15 million. The gross sales have been performed at costs starting from $44.676 to $46.4903 per share.

Along with the gross sales, Lane additionally exercised choices to accumulate 5,000 shares of widespread inventory at a worth of $23.18 per share, as a part of a pre-established buying and selling plan below Rule 10b5-1. Following these transactions, Lane’s whole direct possession stands at 141,629 shares, together with restricted inventory models. InvestingPro evaluation signifies that administration has been actively shopping for again shares, whereas the corporate’s Honest Worth suggests potential upside stays. Get entry to 7 extra unique InvestingPro Suggestions and complete evaluation within the Professional Analysis Report, obtainable with an InvestingPro subscription.

In different current information, Athene Holding (NYSE:ATH) Ltd. and Equitable Holdings, Inc. have each disclosed their third-quarter monetary outcomes, offering buyers with new insights into their operational outcomes. Athene Holding has furnished its Q3 monetary particulars to the Securities and Trade Fee (SEC) in a Type 8-Okay submitting, underscoring the corporate’s dedication to transparency and regulatory compliance. Alternatively, Equitable Holdings reported a 34% year-over-year improve in its third-quarter non-GAAP working earnings to $501 million. The corporate’s belongings below administration have additionally grown by 20%, exceeding $1 trillion.

Equitable’s retirement section noticed a 25% improve in gross sales year-over-year, with internet inflows of $1.7 billion. The corporate’s wealth administration reported report advisory internet inflows of $1.9 billion. The agency anticipates full-year money technology on the excessive finish of $1.4 billion to $1.5 billion steering and targets $2 billion money technology by 2027.

These current developments supply a snapshot of each firms’ monetary circumstances. In addition they present important insights into their monetary well being and operational outcomes, essential for buyers and analysts to gauge their efficiency.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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