Equitable Holdings director Craig MacKay sells $108,550 in shares

Director Craig C. MacKay of Equitable Holdings, Inc. (NASDAQ:EQH) disposed of 2,000 shares of the company's common stock on September 17, 2026. The sale generated a total of $108,550, with each share exchanged for $54.275. The transaction occurred as the stock price hovered near its 52-week peak of $55.67, following a substantial 29% increase over the preceding six months.

According to InvestingPro analysis, the stock presently appears overvalued in relation to its estimated Fair Value. Consequently, Mr. MacKay remains a beneficial owner of 16,999 shares of Equitable Holdings common stock directly. This disclosure was made in a regulatory filing dated September 18, 2026. Equitable Holdings recently reported its second-quarter 2026 adjusted earnings per share of $1.75, exceeding expectations of $1.67 set by Wall Street.

However, revenue for the quarter fell short of forecasts, totaling $1.66 billion against the projected $3.85 billion. Management attributed the earnings surge to record assets, robust inflows, and advancements in the merger with Corebridge Financial. Notably, Raymond James revised its price target for Equitable Holdings to $65 from $58, citing an optimistic outlook for the merger.

Furthermore, Equitable Holdings announced a major leadership transition at AllianceBernstein, with Seth Bernstein retiring as CEO and Head of Asset Management on March 31, 2027. Despite his retirement, Mr. Bernstein will continue to serve on the Board of Directors of AllianceBernstein's general partner under the terms of his retirement agreement.

These developments represent a series of strategic and leadership changes within Equitable Holdings.