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

Elo Mutual Pension Insurance Co increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,378 shares of the company’s stock after purchasing 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 Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EQH. JPMorgan Chase & Co. grew its holdings in shares of Equitable by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock worth $38,191,000 after buying an additional 153,457 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Equitable during the 4th quarter worth approximately $295,000. Principal Financial Group Inc. grew its stake in shares of 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 acquiring an additional 148,180 shares in the last quarter. Vest Financial LLC grew its position in Equitable by 11.7% in the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Equitable in the 4th quarter valued at $29,939,000. Institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EQH shares. Keefe, Bruyette & Woods raised their price objective on Equitable from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Truist Financial increased their price target on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus price target of $57.75.

Insider Transactions at Equitable

In other news, insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s 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 $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 629,939 shares of the company’s stock, valued at approximately $32,536,349.35. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,332 shares of company stock valued at $5,364,610. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Performance

NYSE EQH opened at $51.63 on Friday. The stock has a market cap of $15.84 billion, a PE ratio of 13.52 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. The firm has a 50-day moving average of $53.01 and a 200-day moving average of $48.41. Equitable Holdings, Inc. has a 52-week low of $35.49 and a 52-week high of $56.00.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

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

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.