Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $1,146,000.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the sale, the insider now directly owns 141,629 shares of the company’s stock, valued at approximately $6,492,273.36. This trade represents a 15.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Equitable Stock Performance

Shares of EQH opened at $46.52 on Friday. Equitable Holdings, Inc. has a one year low of $31.76 and a one year high of $50.51. The company has a 50-day simple moving average of $46.71 and a two-hundred day simple moving average of $43.05. 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 $14.58 billion, a PE ratio of -42.68 and a beta of 1.39.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, hitting the consensus estimate of $1.53. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 earnings per share. On average, analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.06%. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

Institutional Investors Weigh In On Equitable

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 246 shares during the last quarter. LRI Investments LLC grew its stake in shares of Equitable by 892.9% in the second quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock worth $45,000 after acquiring an additional 1,000 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Equitable during the third quarter valued at $48,000. UMB Bank n.a. raised its position in shares of Equitable by 86.3% in the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares during the last quarter. Finally, Quarry LP boosted its stake in Equitable by 623.5% in the 2nd quarter. Quarry LP now owns 2,366 shares of the company’s stock worth $97,000 after purchasing an additional 2,039 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EQH shares. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $54.00 to $58.00 in a research report on Monday, December 9th. Barclays increased their price target on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.10.

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.