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.
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.
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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