Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) COO Sells 6,666 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $47.53, for a total value of $316,834.98. Following the sale, the chief operating officer now owns 105,246 shares of the company’s stock, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Equitable Price Performance

EQH stock opened at $47.65 on Friday. The business’s 50-day moving average is $43.81 and its two-hundred day moving average is $41.75. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $14.93 billion, a P/E ratio of -43.72 and a beta of 1.40. Equitable Holdings, Inc. has a 1 year low of $27.74 and a 1 year high of $50.51.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting 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 firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the company earned $1.15 earnings per share. The firm’s revenue was down 15.1% compared to the same quarter last year. Analysts anticipate that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EQH has been the subject of several recent research reports. Citigroup increased their price objective on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company raised their price target on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Truist Financial upped their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays raised their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley dropped their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Institutional Investors Weigh In On Equitable

Several institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in Equitable by 3.5% in the first quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company’s stock valued at $714,766,000 after acquiring an additional 637,916 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock valued at $166,855,000 after buying an additional 539,904 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after buying an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of Equitable during the second quarter worth about $110,176,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Equitable by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,220,356 shares of the company’s stock valued at $93,322,000 after acquiring an additional 54,380 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.