Equitable (NYSE:EQH) Director Sells $52,830.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) Director Arlene Isaacs-Lowe sold 1,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $52.83, for a total value of $52,830.00. Following the transaction, the director owned 19,763 shares of the company’s stock, valued at $1,044,079.29. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Equitable Trading Down 0.2%

Shares of EQH opened at $52.85 on Monday. Equitable Holdings, Inc. has a fifty-two week low of $35.19 and a fifty-two week high of $55.15. The business has a 50-day moving average of $49.03 and a 200 day moving average of $43.81. The firm has a market cap of $14.43 billion, a P/E ratio of -15.97, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15.

Equitable (NYSE:EQH) last issued its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company’s quarterly revenue was down 29.8% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.18 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.3%. Equitable’s dividend payout ratio (DPR) is -36.25%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in Equitable during the 3rd quarter valued at approximately $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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Equitable during the 3rd quarter valued at $38,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Equitable in the 2nd quarter worth $33,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 424 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQH has been the topic of several recent research reports. Mizuho set a $68.00 target price on Equitable in a research report on Thursday, August 6th. Jefferies Financial Group increased their price objective on Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company raised their target price on Equitable from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Weiss Ratings cut Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

About Equitable

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.