On September 19, 2024, Eckert William James IV, the Chief Accounting Officer of Equitable Holdings Inc (EQH, Financial), sold 3,500 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 19,321.2 shares of Equitable Holdings Inc.
Equitable Holdings Inc operates as a diversified financial services company in the United States. The company offers a range of financial advisory services and products, primarily to individuals and small to medium-sized businesses.
Over the past year, the insider has sold a total of 10,500 shares and has not purchased any shares. This recent sale is part of a broader trend within Equitable Holdings Inc, where there have been 23 insider sells and no insider buys over the past year.
On the day of the sale, shares of Equitable Holdings Inc were trading at $42.42. This pricing gives the company a market cap of approximately $13.35 billion. The price-earnings ratio of the stock stands at 17.70, which is above both the industry median of 11.07 and the company's historical median.
According to the GF Value, the intrinsic value of Equitable Holdings Inc is estimated at $45.93 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.92. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics, including its price-earnings ratio and GF Value.
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.
