Equitable Holdings, Inc. (NYSE:EQH) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,199 shares of the company’s stock after buying an additional 879 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Equitable were worth $5,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Equitable by 195.6% during the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after acquiring an additional 352 shares during the period. Assetmark Inc. grew its stake in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the period. Smartleaf Asset Management LLC raised its position in Equitable by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after purchasing an additional 409 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Equitable by 82.7% in the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock valued at $85,000 after buying an additional 817 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling at Equitable

In other Equitable news, 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 transaction of $369,163.08. Following the completion of the sale, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total value of $1,291,250.00. Following the completion of the transaction, the insider now owns 121,629 shares in the company, valued at $6,282,137.85. This trade represents a 17.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,332 shares of company stock worth $5,364,610. 1.10% of the stock is owned by company insiders.

Equitable Stock Up 0.2 %

Equitable stock opened at $52.49 on Monday. The stock has a 50-day simple moving average of $52.75 and a 200-day simple moving average of $47.99. The company has a market capitalization of $16.16 billion, a P/E ratio of 13.74 and a beta of 1.39. 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.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. Equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm 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. This represents a $0.96 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EQH. Truist Financial upped their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. 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. BMO Capital Markets boosted their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and increased their target price for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Morgan Stanley upped their price objective on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Equitable presently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

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.