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

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the transaction, the insider now directly owns 121,629 shares of the company’s stock, valued at approximately $6,282,137.85. The trade was a 17.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Price Performance

EQH stock opened at $51.48 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of -47.23 and a beta of 1.39. The company’s fifty day simple moving average is $47.77 and its 200 day simple moving average is $44.10. Equitable Holdings, Inc. has a 12-month low of $31.76 and a 12-month high of $52.04.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company 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 business earned $1.15 EPS. The firm’s revenue was down 15.1% compared to the same quarter last year. On average, analysts expect that Equitable Holdings, Inc. will post 6.04 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s payout ratio is -88.07%.

Institutional Trading of Equitable

Several hedge funds have recently modified their holdings of EQH. MQS Management LLC acquired a new stake in Equitable in the third quarter worth $587,000. JPMorgan Chase & Co. grew its stake in shares of Equitable by 20.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after buying an additional 153,457 shares during the period. Maverick Capital Ltd. grew its stake in shares of Equitable by 230.0% in the 2nd quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock valued at $1,505,000 after buying an additional 25,678 shares during the period. Principal Financial Group Inc. increased its position in Equitable by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock valued at $89,001,000 after buying an additional 148,180 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Equitable by 55.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,759 shares of the company’s stock worth $2,564,000 after acquiring an additional 22,346 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EQH. Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Equitable from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and a consensus price target of $52.18.

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.