Equitable Holdings Inc (NYSE:EQH), a financial services company that operates through various segments including Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions, has reported an insider sell according to a recent SEC filing. The company's Chief Operating Officer, Jeffrey Hurd, sold 9,969 shares of the company on February 29, 2024.
Jeffrey Hurd has been active in the market over the past year, having sold a total of 9,969 shares and purchased 0 shares. This latest transaction reflects a continuation of the insider's selling pattern.
The insider transaction history for Equitable Holdings Inc shows a trend of more insider sells than buys over the past year. There has been a total of 1 insider buy and 12 insider sells during this period.
On the valuation front, Equitable Holdings Inc's shares were trading at $34.28 on the day of the insider's recent sell, resulting in a market cap of $11.121 billion. The price-earnings ratio stands at 10.13, which is lower than the industry median of 12.425 but higher than the company's historical median price-earnings ratio.
Considering the stock's price of $34.28 and the GuruFocus Value of $33.97, Equitable Holdings Inc has a price-to-GF-Value ratio of 1.01, indicating that the stock is Fairly Valued based on its GF Value.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
For investors monitoring insider activity, the recent sell by the insider may be of interest as it provides insight into insider sentiment and potential future stock performance. However, it is important to consider the broader market and industry trends, as well as the company's financial health and prospects, when making investment decisions.
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.
