Inceptionr LLC Boosts Holdings in Equitable Holdings, Inc. $EQH

Inceptionr LLC grew its position in Equitable Holdings, Inc. (NYSE:EQH) by 289.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,558 shares of the company’s stock after acquiring an additional 24,947 shares during the quarter. Equitable comprises about 0.4% of Inceptionr LLC’s portfolio, making the stock its 24th largest position. Inceptionr LLC’s holdings in Equitable were worth $1,704,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. lifted its stake in Equitable by 58.3% in the third quarter. Pinnacle Associates Ltd. now owns 27,405 shares of the company’s stock worth $1,392,000 after purchasing an additional 10,090 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Equitable during the third quarter valued at $2,813,000. Natixis Advisors LLC increased its stake in Equitable by 10.5% in the 3rd quarter. Natixis Advisors LLC now owns 99,058 shares of the company’s stock worth $5,030,000 after buying an additional 9,448 shares during the period. Korea Investment CORP boosted its position in Equitable by 24.9% in the 3rd quarter. Korea Investment CORP now owns 299,391 shares of the company’s stock valued at $15,203,000 after buying an additional 59,700 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Equitable during the third quarter worth approximately $6,431,000. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In related news, CAO William James Iv Eckert sold 4,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $47.27, for a total transaction of $203,261.00. Following the completion of the sale, the chief accounting officer directly owned 15,625 shares in the company, valued at $738,593.75. This represents a 21.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $46.20, for a total value of $1,834,140.00. Following the sale, the chief executive officer directly owned 652,945 shares in the company, valued at approximately $30,166,059. The trade was a 5.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 157,280 shares of company stock valued at $7,455,677. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho set a $65.00 price target on Equitable in a report on Wednesday, January 14th. Wells Fargo & Company decreased their target price on Equitable from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Zacks Research cut Equitable from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Equitable in a research report on Wednesday, December 17th. Finally, Weiss Ratings lowered Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.64.

Equitable Price Performance

NYSE EQH opened at $39.34 on Monday. The company has a market cap of $11.03 billion, a PE ratio of -8.16, a P/E/G ratio of 0.31 and a beta of 1.12. The firm’s 50 day moving average price is $45.11 and its 200-day moving average price is $47.77. The company has a debt-to-equity ratio of 16.42, a quick ratio of 0.13 and a current ratio of 0.13. Equitable Holdings, Inc. has a 52-week low of $37.51 and a 52-week high of $56.61.

Equitable announced that its board has authorized a share repurchase plan on Wednesday, February 11th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, March 4th. Equitable’s dividend payout ratio (DPR) is -22.41%.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.