75,493 Shares in Equitable Holdings, Inc. $EQH Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 75,493 shares of the company’s stock, valued at approximately $3,313,000.

Several other large investors have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Equitable during the third quarter valued at approximately $26,000. Root Financial Partners LLC raised its holdings 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 buying an additional 347 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Equitable during the 2nd quarter worth $33,000. Covestor Ltd boosted its stake in Equitable by 124.7% in the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after buying an additional 404 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Equitable in the third quarter valued at about $38,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Activity at Equitable

In other Equitable news, Director Bertram L. Scott sold 2,470 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $41.08, for a total transaction of $101,467.60. Following the completion of the sale, the director owned 27,931 shares of the company’s stock, valued at approximately $1,147,405.48. This represents a 8.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $48.54, for a total transaction of $1,927,038.00. Following the transaction, the chief executive officer owned 753,403 shares of the company’s stock, valued at approximately $36,570,181.62. The trade was a 5.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 114,541 shares of company stock valued at $5,357,784 over the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Evercore restated an “outperform” rating and issued a $66.00 price target on shares of Equitable in a research note on Thursday, August 20th. Jefferies Financial Group raised their target price on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Mizuho set a $68.00 price target on shares of Equitable in a report on Thursday, August 6th. Wolfe Research cut Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Barclays boosted their price objective on Equitable from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.75.

Equitable Price Performance

Shares of NYSE:EQH opened at $50.15 on Friday. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable Holdings, Inc. has a 52 week low of $35.19 and a 52 week high of $55.15. The firm has a market cap of $13.69 billion, a PE ratio of -15.15, a price-to-earnings-growth ratio of 0.49 and a beta of 1.09. The firm’s fifty day moving average is $48.30 and its 200-day moving average is $43.58.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The business had revenue of $1.66 billion during 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 quarterly revenue was down 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Sell-side analysts predict that Equitable Holdings, Inc. will post 7.18 earnings per share for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Equitable’s dividend payout ratio is presently -36.25%.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.