Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 60.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,097 shares of the company’s stock after selling 56,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Equitable were worth $1,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TCW Group Inc. increased its position in Equitable by 10.9% in the 4th quarter. TCW Group Inc. now owns 146,940 shares of the company’s stock valued at $6,931,000 after acquiring an additional 14,480 shares during the period. Allianz Asset Management GmbH increased its position in Equitable by 3.7% during the 4th quarter. Allianz Asset Management GmbH now owns 643,633 shares of the company’s stock worth $30,360,000 after purchasing an additional 23,134 shares during the period. Ieq Capital LLC acquired a new position in Equitable during the 4th quarter worth approximately $1,420,000. Truist Financial Corp increased its position in Equitable by 2.8% during the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after purchasing an additional 257 shares during the period. Finally, CIBC Asset Management Inc increased its position in Equitable by 13.0% during the 4th quarter. CIBC Asset Management Inc now owns 13,299 shares of the company’s stock worth $627,000 after purchasing an additional 1,534 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at $5,776,023.24. This represents a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nick Lane sold 25,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,291,250.00. Following the transaction, the insider now directly owns 121,629 shares in the company, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,698 shares of company stock valued at $6,534,234. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EQH shares. BMO Capital Markets boosted their target price on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays boosted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company boosted their target price on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial boosted their price target on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Equitable has an average rating of “Moderate Buy” and an average price target of $56.83.

Equitable Price Performance

EQH stock opened at $54.13 on Thursday. Equitable Holdings, Inc. has a 1 year low of $32.96 and a 1 year high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock’s 50 day moving average price is $51.36 and its 200 day moving average price is $46.64. The firm has a market cap of $16.96 billion, a P/E ratio of 14.17 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.