Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $1,146,000.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the transaction, the insider now owns 141,629 shares in the company, valued at $6,492,273.36. This represents a 15.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Equitable Price Performance

EQH traded up $0.62 during trading on Thursday, reaching $44.98. The company’s stock had a trading volume of 2,871,841 shares, compared to its average volume of 2,494,115. The company has a market cap of $14.09 billion, a price-to-earnings ratio of -41.27 and a beta of 1.38. The firm has a fifty day simple moving average of $46.66 and a two-hundred day simple moving average of $43.01. Equitable Holdings, Inc. has a 1 year low of $31.76 and a 1 year high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. As a group, analysts anticipate that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.13%. Equitable’s payout ratio is -88.07%.

Institutional Trading of Equitable

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Equitable by 61.5% during the 3rd quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares during the last quarter. LRI Investments LLC raised its stake in shares of Equitable by 892.9% in the 2nd quarter. LRI Investments LLC now owns 1,112 shares of the company’s stock valued at $45,000 after acquiring an additional 1,000 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Equitable in the 3rd quarter worth approximately $48,000. UMB Bank n.a. boosted its position in shares of Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company’s stock worth $65,000 after purchasing an additional 718 shares during the period. Finally, Quarry LP increased its holdings in Equitable by 623.5% in the 2nd quarter. Quarry LP now owns 2,366 shares of the company’s stock valued at $97,000 after purchasing an additional 2,039 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.