Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $1,291,250.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the transaction, the insider now owns 121,629 shares of the company’s stock, valued at $6,282,137.85. This represents a 17.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $1,146,000.00.

Equitable Stock Performance

NYSE EQH opened at $51.48 on Friday. The company has a market capitalization of $16.13 billion, a PE ratio of -47.23 and a beta of 1.39. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $52.04. The company has a 50-day simple moving average of $47.77 and a 200 day simple moving average of $44.10.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business posted $1.15 EPS. Equitable’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, research analysts predict that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Equitable’s payout ratio is presently -88.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EQH. Aspiriant LLC bought a new stake in Equitable in the 4th quarter valued at about $214,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after purchasing an additional 1,265 shares during the period. UMB Bank n.a. raised its position in shares of Equitable by 26.1% in the fourth quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock valued at $92,000 after purchasing an additional 404 shares during the period. Ellsworth Advisors LLC lifted its stake in shares of Equitable by 9.3% during the 4th quarter. Ellsworth Advisors LLC now owns 39,107 shares of the company’s stock valued at $1,845,000 after buying an additional 3,317 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in Equitable by 7.2% in the 4th quarter. Artemis Investment Management LLP now owns 975,926 shares of the company’s stock worth $46,034,000 after buying an additional 65,197 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EQH. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Wells Fargo & Company lowered their price target on Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of 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, Barclays boosted their price target 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus price target of $52.18.

Equitable Company 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.