In a recent transaction, Bertram L. Scott, a director at Equitable Holdings, Inc. (NYSE:EQH), sold 7,000 shares of the company's common stock. The sale, which took place on March 18, 2024, amounted to a total of $247,011, with the weighted average sales price per share being $35.2873.
According to the details of the transaction, the shares were sold at prices ranging from $35.2600 to $35.3200. The reported price reflects the weighted average of these sales. Following the sale, Scott's remaining holdings in Equitable Holdings amount to 20,902 shares of common stock.
Investors and market watchers often keep a close eye on insider transactions like these, as they can provide valuable insights into an insider's perspective on the company's current valuation and future prospects.
InvestingPro Insights
Equitable Holdings, Inc. (NYSE:EQH) has been making notable strides, as reflected in the recent activities and financial metrics of the company. An InvestingPro Tip worth mentioning is that management at Equitable Holdings has been actively engaging in share buybacks, indicating a potential confidence in the company's value and future performance. Additionally, the company has a history of rewarding its shareholders, having raised its dividend for six consecutive years, showcasing a commitment to providing consistent returns.
From a data standpoint, Equitable Holdings boasts a Market Cap of approximately $11.74 billion USD. The company's P/E Ratio stands at 10.23, with an adjusted P/E Ratio for the last twelve months as of Q4 2023 at 9.61, which may appeal to value-oriented investors. Moreover, the Price / Book ratio is at a high of 10.8, which aligns with the InvestingPro Tip that the company is trading near its 52-week high, with the price being 99.03% of this peak. This could suggest that the stock is currently valued at a premium in the market.
For those interested in further insights and analysis, InvestingPro offers additional tips on Equitable Holdings, Inc. For a deeper dive into the company's prospects and to uncover more valuable tips, visit: https://www.investing.com/pro/EQH. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With 7 more InvestingPro Tips available, investors can gain a comprehensive understanding of EQH's financial health and market position.
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