Equitable Holdings, Inc. (NYSE:EQH) Insider Nick Lane Sells 25,000 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the transaction, the insider now directly owns 141,629 shares in the company, valued at approximately $6,492,273.36. This trade represents a 15.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Equitable Price Performance

EQH opened at $44.98 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $50.51. The stock has a fifty day moving average price of $46.66 and a 200 day moving average price of $43.01. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of -41.27 and a beta of 1.38.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The business had revenue of $3.08 billion during 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 quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. Analysts forecast 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. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. Equitable’s dividend payout ratio (DPR) is -88.07%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Equitable

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after purchasing an additional 338,205 shares during the period. Wellington Management Group LLP lifted its stake in shares of Equitable by 3.0% in the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock worth $231,735,000 after buying an additional 161,376 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Equitable by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after buying an additional 539,904 shares during the period. Acadian Asset Management LLC grew its stake in Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after buying an additional 3,155,487 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in Equitable in the 2nd quarter worth $110,176,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

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.