George Stansfield Acquires 2,500 Shares of Equitable Holdings Inc (NYSE:EQH) Stock

Equitable Holdings Inc (NYSE:EQH) Director George Stansfield bought 2,500 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $10.41 per share, for a total transaction of $26,025.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $52,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NYSE EQH opened at $15.27 on Thursday. The business’s 50-day moving average price is $20.68 and its 200 day moving average price is $22.80. Equitable Holdings Inc has a twelve month low of $9.89 and a twelve month high of $27.30. The company has a market capitalization of $6.23 billion, a PE ratio of -4.35, a price-to-earnings-growth ratio of 0.50 and a beta of 1.40.

Equitable (NYSE:EQH) last released its earnings results on Thursday, February 27th. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.19. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Sell-side analysts predict that Equitable Holdings Inc will post 4.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Friday, March 6th. Equitable’s dividend payout ratio is currently 12.37%.

Institutional investors and hedge funds have recently modified their holdings of the stock. RMR Wealth Builders purchased a new position in Equitable in the fourth quarter valued at about $51,000. Metropolitan Life Insurance Co NY lifted its holdings in Equitable by 18.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock worth $116,000 after buying an additional 898 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Equitable during the 4th quarter worth approximately $131,000. New York State Teachers Retirement System bought a new position in Equitable during the 4th quarter worth approximately $141,000. Finally, American International Group Inc. lifted its holdings in Equitable by 36.4% during the 4th quarter. American International Group Inc. now owns 6,500 shares of the company’s stock worth $161,000 after buying an additional 1,733 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. ValuEngine downgraded Equitable from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley reduced their price objective on Equitable from $29.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Wells Fargo & Co upgraded Equitable from an “equal weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday, January 6th. Royal Bank of Canada downgraded Equitable from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $27.00 to $20.00 in a research report on Friday, March 20th. Finally, Zacks Investment Research downgraded Equitable from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.88.

About Equitable

Equitable Holdings, Inc operates as a diversified financial services company 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 primarily to affluent and high net worth individuals.

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