Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 251.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,615 shares of the company’s stock after acquiring an additional 17,607 shares during the quarter. Aigen Investment Management LP’s holdings in Equitable were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EQH. Nordea Investment Management AB lifted its position in Equitable by 700.3% during the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company’s stock worth $74,126,000 after acquiring an additional 1,367,837 shares during the period. Los Angeles Capital Management LLC lifted its position in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company’s stock worth $69,289,000 after acquiring an additional 1,261,466 shares during the period. Wedge Capital Management L L P NC lifted its position in Equitable by 1,092.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 875,589 shares of the company’s stock worth $41,302,000 after acquiring an additional 802,160 shares during the period. Principal Financial Group Inc. lifted its position in Equitable by 20.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock worth $120,529,000 after acquiring an additional 437,322 shares during the period. Finally, Four Tree Island Advisory LLC acquired a new stake in Equitable during the 4th quarter worth approximately $19,144,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $1,419,300.00. Following the sale, the chief executive officer now owns 639,939 shares in the company, valued at $30,275,514.09. This trade represents a 4.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s 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 sale, the chief operating officer now owns 98,875 shares in the company, valued at $4,677,776.25. This trade represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,698 shares of company stock worth $6,534,234 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. Barclays increased their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Truist Financial increased their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company increased their target price on Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets increased their target price on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.17.

Equitable Stock Performance

Equitable stock opened at $52.24 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The stock has a fifty day moving average of $51.93 and a two-hundred day moving average of $47.09. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 13.68 and a beta of 1.39. Equitable Holdings, Inc. has a fifty-two week low of $32.96 and a fifty-two week high of $56.00.

Equitable (NYSE:EQH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, March 5th. Equitable’s dividend payout ratio (DPR) is 25.13%.

Equitable 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.