Quantinno Capital Management LP Buys 116,563 Shares of Equitable Holdings, Inc. $EQH

Quantinno Capital Management LP boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 137.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,321 shares of the company’s stock after buying an additional 116,563 shares during the quarter. Quantinno Capital Management LP’s holdings in Equitable were worth $7,471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in shares of Equitable in the 3rd quarter valued at $26,000. Covestor Ltd boosted its holdings in Equitable by 124.7% in the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after acquiring an additional 404 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Equitable in the third quarter valued at about $38,000. Geneos Wealth Management Inc. increased its position in Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the period. Finally, Root Financial Partners LLC increased its position in Equitable by 64.1% in the first quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after purchasing an additional 347 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Trading Up 6.2%

NYSE EQH opened at $51.24 on Thursday. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.24. The stock has a 50-day simple moving average of $45.55 and a 200 day simple moving average of $42.98. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 8.75. The company has a market capitalization of $13.99 billion, a PE ratio of -15.48, a P/E/G ratio of 0.48 and a beta of 1.09.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Equitable had a positive return on equity of 336.85% and a negative net margin of 8.72%.The company’s revenue was down 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. Research analysts forecast that Equitable Holdings, Inc. will post 7.11 EPS for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, August 3rd. Equitable’s dividend payout ratio is presently -36.25%.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 14,358 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $45.11, for a total value of $647,689.38. Following the completion of the sale, the chief operating officer owned 74,748 shares in the company, valued at $3,371,882.28. This represents a 16.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO William James Iv Eckert sold 6,200 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $41.83, for a total value of $259,346.00. Following the sale, the chief accounting officer directly owned 9,366 shares in the company, valued at $391,779.78. The trade was a 39.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 128,503 shares of company stock valued at $5,840,116. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EQH shares. Jefferies Financial Group upped their target price on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. UBS Group boosted their price target on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Wolfe Research downgraded shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Equitable from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.25.

Equitable 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.