Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $255,600.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares of the company’s stock, valued at $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Wednesday, January 15th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00.
• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Stock Performance

NYSE:EQH opened at $52.84 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 13.83 and a beta of 1.39. The stock has a fifty day moving average price of $52.60 and a 200-day moving average price of $47.79.

Equitable (NYSE:EQH) last released its earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, equities analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.82%. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EQH. Morgan Stanley raised their target price on shares of Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Barclays boosted their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. BMO Capital Markets lifted their price target on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and boosted their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.75.

Institutional Investors Weigh In On Equitable

A number of large investors have recently modified their holdings of EQH. GSA Capital Partners LLP bought a new stake in shares of Equitable during the 3rd quarter worth $243,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Equitable by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,855 shares of the company’s stock valued at $29,919,000 after purchasing an additional 7,720 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Equitable by 24.2% in the 3rd quarter. Victory Capital Management Inc. now owns 266,677 shares of the company’s stock valued at $11,208,000 after purchasing an additional 51,990 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Equitable by 5.2% during the 3rd quarter. CIBC Asset Management Inc now owns 11,765 shares of the company’s stock valued at $494,000 after purchasing an additional 584 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Equitable by 76.4% during the 3rd quarter. Natixis Advisors LLC now owns 33,321 shares of the company’s stock worth $1,400,000 after purchasing an additional 14,434 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

About Equitable

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.