Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) COO Sells 6,666 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the completion of the sale, the chief operating officer now owns 98,875 shares in the company, valued at approximately $4,677,776.25. The trade was a 6.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Equitable Stock Performance

EQH opened at $44.98 on Friday. The firm has a fifty day moving average price of $46.66 and a 200 day moving average price of $43.01. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $50.51. The stock has a market cap of $14.09 billion, a P/E ratio of -41.27 and a beta of 1.38. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $3.78 billion. During the same period last year, the company earned $1.15 earnings per share. Equitable’s quarterly revenue was down 15.1% compared to the same quarter last year. Equities research analysts anticipate that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.13%. Equitable’s payout ratio is currently -88.07%.

Wall Street Analysts Forecast Growth

EQH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Wells Fargo & Company increased their price objective on Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays increased their price target on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.10.

Hedge Funds Weigh In On Equitable

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its position in shares of Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after purchasing an additional 3,155,487 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Equitable during the second quarter worth $110,176,000. Samlyn Capital LLC purchased a new stake in Equitable in the 2nd quarter valued at $63,334,000. Principal Financial Group Inc. increased its stake in shares of Equitable by 57.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after acquiring an additional 721,028 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Equitable by 1,095.9% during the 2nd quarter. Federated Hermes Inc. now owns 600,662 shares of the company’s stock worth $24,543,000 after acquiring an additional 550,436 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

About Equitable

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.