Searle & CO. Sells 333 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Searle & CO. lessened its position in Equitable Holdings, Inc. (NYSE:EQH) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,967 shares of the company’s stock after selling 333 shares during the quarter. Searle & CO.’s holdings in Equitable were worth $2,450,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Equitable in the 1st quarter worth $28,000. LRI Investments LLC acquired a new stake in shares of Equitable during the 1st quarter valued at about $45,000. GAMMA Investing LLC acquired a new stake in shares of Equitable during the 4th quarter valued at about $50,000. Rise Advisors LLC boosted its position in shares of Equitable by 1,421.4% during the 1st quarter. Rise Advisors LLC now owns 1,704 shares of the company’s stock valued at $65,000 after acquiring an additional 1,592 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Equitable by 261.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock valued at $76,000 after acquiring an additional 1,641 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the completion of the sale, the chief operating officer now owns 111,552 shares in the company, valued at $4,806,775.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the transaction, the chief operating officer now directly owns 111,552 shares of the company’s stock, valued at $4,806,775.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at $28,635,021. The disclosure for this sale can be found here. Insiders sold a total of 49,938 shares of company stock worth $2,090,536 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Morgan Stanley reduced their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $40.00 to $43.00 in a research note on Tuesday, June 18th. Finally, Jefferies Financial Group boosted their target price on shares of Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.09.

Equitable Price Performance

Shares of Equitable stock traded up $0.48 on Friday, hitting $42.52. The company had a trading volume of 3,641,913 shares, compared to its average volume of 2,565,108. The firm has a market capitalization of $13.83 billion, a P/E ratio of 13.16 and a beta of 1.43. Equitable Holdings, Inc. has a twelve month low of $24.65 and a twelve month high of $44.50. The stock has a 50-day moving average of $41.02 and a 200-day moving average of $38.79.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. Equities analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, August 6th. Equitable’s dividend payout ratio is currently 29.72%.

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.