Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) COO Sells 9,969 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.09, for a total value of $429,564.21. Following the transaction, the chief operating officer now owns 111,552 shares in the company, valued at $4,806,775.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Equitable Trading Down 2.1 %

Equitable stock traded down $0.90 during mid-day trading on Wednesday, hitting $42.29. The company had a trading volume of 2,642,344 shares, compared to its average volume of 2,694,866. The stock’s 50 day moving average price is $40.77 and its two-hundred day moving average price is $37.04. Equitable Holdings, Inc. has a 12 month low of $24.65 and a 12 month high of $43.53. The company has a market capitalization of $13.75 billion, a PE ratio of 13.37 and a beta of 1.43.

Equitable (NYSE:EQH) last released its earnings results on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.59 billion. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Equities research analysts anticipate that Equitable Holdings, Inc. will post 6.07 EPS for the current year.

Equitable Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.24 per share. This is an increase from Equitable’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, June 3rd. Equitable’s dividend payout ratio is presently 29.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQH shares. Keefe, Bruyette & Woods increased their price objective on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Jefferies Financial Group raised their price target on Equitable from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Wells Fargo & Company reduced their price target on Equitable from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. raised their price target on Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Truist Financial raised their price target on Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Equitable during the fourth quarter valued at $606,630,000. Hsbc Holdings PLC increased its position in Equitable by 1,161.7% during the fourth quarter. Hsbc Holdings PLC now owns 7,849,706 shares of the company’s stock valued at $262,692,000 after acquiring an additional 7,227,568 shares during the last quarter. Principal Financial Group Inc. increased its position in Equitable by 1,105.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company’s stock valued at $41,390,000 after acquiring an additional 1,139,814 shares during the last quarter. Northern Trust Corp increased its position in Equitable by 24.6% during the fourth quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock valued at $131,815,000 after acquiring an additional 781,426 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Equitable during the first quarter valued at $27,237,000. 92.70% of the stock is owned by institutional investors.

Equitable Company Profile

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.