VIRGINIA RETIREMENT SYSTEMS ET Al Buys 12,100 Shares of Equitable Holdings, Inc. $EQH

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Equitable Holdings, Inc. (NYSE:EQH) by 20.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,500 shares of the company’s stock after buying an additional 12,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Equitable were worth $3,666,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in shares of Equitable by 0.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,862 shares of the company’s stock valued at $1,531,000 after acquiring an additional 233 shares during the period. J. Safra Sarasin Holding AG lifted its holdings in shares of Equitable by 1.5% in the 1st quarter. J. Safra Sarasin Holding AG now owns 19,109 shares of the company’s stock worth $708,000 after acquiring an additional 290 shares during the last quarter. CX Institutional boosted its position in shares of Equitable by 30.2% during the 2nd quarter. CX Institutional now owns 1,282 shares of the company’s stock worth $56,000 after purchasing an additional 297 shares during the period. Root Financial Partners LLC boosted its position in shares of Equitable by 64.1% during the 1st 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. Finally, HB Wealth Management LLC increased its holdings in Equitable by 4.8% in the 2nd quarter. HB Wealth Management LLC now owns 9,784 shares of the company’s stock valued at $429,000 after purchasing an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EQH. Raymond James Financial restated a “strong-buy” rating and set a $65.00 price target on shares of Equitable in a research note on Friday, October 9th. Jefferies Financial Group lifted their price objective on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Barclays boosted their price objective on Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Wells Fargo & Company increased their target price on Equitable from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Finally, UBS Group raised their target price on Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and an average price target of $63.18.

Insider Activity

In related news, Director Arlene Isaacs-Lowe sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $52.83, for a total value of $52,830.00. Following the sale, the director owned 19,763 shares of the company’s stock, valued at $1,044,079.29. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nick Lane sold 14,923 shares of Equitable stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $53.24, for a total transaction of $794,500.52. Following the completion of the transaction, the insider owned 110,007 shares of the company’s stock, valued at $5,856,772.68. This represents a 11.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,816 shares of company stock valued at $1,731,591. 1.00% of the stock is owned by corporate insiders.

Equitable Trading Down 0.0%

NYSE:EQH opened at $53.84 on Monday. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.67. The firm has a market cap of $14.70 billion, a PE ratio of -16.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. The stock has a fifty day moving average price of $52.68 and a 200 day moving average price of $45.91.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%. Equitable’s revenue was down 29.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.17 earnings per share for the current fiscal year.

Equitable Profile

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.