Equitable Holdings, Inc. (NYSE:EQH) Insider Nick Lane Sells 5,000 Shares

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the sale, the insider now directly owns 139,073 shares in the company, 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 filing with the SEC, which can be accessed through this link.

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

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

Equitable Price Performance

Shares of NYSE EQH opened at $52.20 on Tuesday. The firm has a 50-day simple moving average of $52.47 and a 200-day simple moving average of $47.69. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 13.66 and a beta of 1.39. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 52 week low of $35.18 and a 52 week high of $56.00.

Equitable (NYSE:EQH) last issued its earnings results on Wednesday, February 5th. The company reported $1.57 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, equities analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 1.84%. The ex-dividend date was Wednesday, March 5th. Equitable’s payout ratio is currently 25.13%.

Institutional Investors Weigh In On Equitable

Several hedge funds and other institutional investors have recently bought and sold shares of EQH. Norges Bank acquired a new stake in Equitable during the fourth quarter worth about $668,250,000. Wellington Management Group LLP increased its position in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after purchasing an additional 3,303,449 shares during the last quarter. Nordea Investment Management AB increased its position in Equitable by 700.3% during the fourth quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after purchasing an additional 1,367,837 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock worth $69,289,000 after purchasing an additional 1,261,466 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company’s stock worth $82,955,000 after purchasing an additional 1,236,799 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Truist Financial increased their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 10th. BMO Capital Markets increased their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company increased 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus price target 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.