Elo Mutual Pension Insurance Co Has $1.57 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Elo Mutual Pension Insurance Co lifted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 15.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,378 shares of the company’s stock after buying an additional 4,498 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Equitable were worth $1,574,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EQH. JPMorgan Chase & Co. grew its position in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after acquiring an additional 153,457 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Equitable during the 4th quarter valued at approximately $295,000. Principal Financial Group Inc. increased its position in Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after purchasing an additional 148,180 shares in the last quarter. Vest Financial LLC lifted its stake in Equitable by 11.7% in the 4th quarter. Vest Financial LLC now owns 752,091 shares of the company’s stock valued at $35,476,000 after purchasing an additional 78,725 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Equitable in the fourth quarter valued at approximately $29,939,000. 92.70% of the stock is currently owned by institutional investors.

Insider Activity at Equitable

In related news, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 121,629 shares of the company’s stock, valued at $6,282,137.85. The trade was a 17.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock worth $5,364,610 in the last quarter. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

Shares of EQH opened at $51.63 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The firm’s fifty day simple moving average is $53.01 and its two-hundred day simple moving average is $48.41. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The stock has a market capitalization of $15.84 billion, a P/E ratio of 13.52 and a beta of 1.39.

Equitable (NYSE:EQH) last announced 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, analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EQH. JPMorgan Chase & Co. increased their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. BMO Capital Markets increased their target price on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their price target on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Wells Fargo & Company raised their price objective on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.75.

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.