Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Equitable Holdings, Inc. (NYSE:EQH) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,091 shares of the company’s stock after purchasing an additional 2,765 shares during the period. Intech Investment Management LLC’s holdings in Equitable were worth $2,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQH. Acadian Asset Management LLC boosted its stake in Equitable by 24,432.7% during the second 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 in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Equitable in the 2nd quarter valued at about $110,176,000. Samlyn Capital LLC acquired a new stake in Equitable in the 2nd quarter valued at about $63,334,000. Principal Financial Group Inc. boosted its position in shares of Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after purchasing an additional 721,028 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Equitable in the 1st quarter worth approximately $27,237,000. 92.70% of the stock is owned by institutional investors.

Equitable Trading Up 1.8 %

NYSE:EQH opened at $47.62 on Friday. The stock has a market cap of $14.92 billion, a PE ratio of -43.69 and a beta of 1.40. Equitable Holdings, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $50.51. 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 stock’s 50-day moving average is $44.72 and its two-hundred day moving average is $42.13.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting analysts’ consensus estimates of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’s revenue was down 15.1% on a year-over-year basis. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 6.05 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. Equitable’s dividend payout ratio is -88.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EQH. Barclays raised their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Truist Financial upped their target price on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. The trade was a 4.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares in the company, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,166 shares of company stock worth $5,709,605 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Equitable Company Profile

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.