Equitable Holdings Inc CEO Mark Pearson Sells 60,000 Shares
Mark Pearson, President and CEO of Equitable Holdings Inc (NYSE:EQH), sold 60,000 shares of the company on March 1, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $33.77 per share, resulting in a total value of $2,026,200.
Equitable Holdings Inc is a financial services company that operates through various subsidiaries to provide a range of insurance and investment management services. The company's offerings include life insurance, annuities, retirement and investment products, which are designed to help clients secure their financial well-being.
Over the past year, the insider has sold a total of 240,000 shares of Equitable Holdings Inc and has not made any share purchases. This latest transaction continues a pattern of insider sales for the company.
The insider transaction history for Equitable Holdings Inc shows a trend of more insider sales than purchases over the past year. There has been a total of 1 insider buy and 13 insider sells during this period.
On the valuation front, Equitable Holdings Inc's shares were trading at $33.77 on the day of the insider's recent sale, giving the company a market capitalization of $11.03 billion. The price-earnings ratio of the company stands at 9.90, which is below the industry median of 12.37 and above the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a share price of $33.77 and a GuruFocus Value of $38.02, Equitable Holdings Inc has a price-to-GF-Value ratio of 0.89, indicating that the stock is modestly undervalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Equitable Holdings Inc.
The GF Value image above provides a visual representation of the stock's valuation relative to its intrinsic value estimate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
