Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $255,600.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $51.12, for a total transaction of $255,600.00. Following the transaction, the insider now owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Price Performance

Shares of NYSE EQH opened at $52.84 on Thursday. The company has a fifty day moving average price of $52.60 and a 200 day moving average price of $47.79. Equitable Holdings, Inc. has a 1-year low of $35.49 and a 1-year high of $56.00. The firm has a market cap of $16.27 billion, a PE ratio of 13.83 and a beta of 1.39. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

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 return on equity of 85.70% and a net margin of 10.51%. Research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. Equitable’s dividend payout ratio is currently 25.13%.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial increased their target price on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets upped their price target on Equitable from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Institutional Trading of Equitable

Institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in Equitable by 5.3% in the 4th quarter. California State Teachers Retirement System now owns 611,461 shares of the company’s stock valued at $28,843,000 after buying an additional 30,896 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Equitable by 267.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,601 shares of the company’s stock valued at $1,302,000 after acquiring an additional 20,095 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Equitable during the fourth quarter worth about $8,909,000. American Trust bought a new position in Equitable in the fourth quarter valued at approximately $222,000. Finally, Forum Financial Management LP acquired a new position in shares of Equitable during the 4th quarter worth approximately $208,000. Institutional investors own 92.70% of the company’s stock.

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.