Legal & General Group Plc increased its holdings in AXA Equitable Holdings Inc (NYSE:EQH) by 45.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,756 shares of the company’s stock after acquiring an additional 57,956 shares during the period. Legal & General Group Plc’s holdings in AXA Equitable were worth $4,005,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in EQH. Quantbot Technologies LP bought a new position in AXA Equitable during the third quarter valued at $131,000. Jane Street Group LLC bought a new position in AXA Equitable during the third quarter valued at $225,000. People s United Financial Inc. bought a new position in AXA Equitable during the third quarter valued at $251,000. Cadence Capital Management LLC bought a new position in AXA Equitable during the third quarter valued at $272,000. Finally, United Services Automobile Association bought a new position in AXA Equitable during the second quarter valued at $454,000. 28.11% of the stock is owned by institutional investors.
Several brokerages have weighed in on EQH. Zacks Investment Research raised AXA Equitable from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. ValuEngine raised AXA Equitable from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Wells Fargo & Co began coverage on AXA Equitable in a report on Tuesday, January 8th. They set a “market perform” rating and a $20.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.62.
In other AXA Equitable news, major shareholder Axa sold 60,000,000 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $19.74, for a total transaction of $1,184,400,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.
NYSE:EQH opened at $18.63 on Wednesday. AXA Equitable Holdings Inc has a 1 year low of $14.72 and a 1 year high of $23.21.
AXA Equitable (NYSE:EQH) last posted its earnings results on Tuesday, November 13th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.32. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Sell-side analysts predict that AXA Equitable Holdings Inc will post 3.87 earnings per share for the current year.
AXA Equitable Company Profile
AXA Equitable Holdings, Inc provides various financial services worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products, which are primarily sold to affluent and high net worth individuals.
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