Nick Lane Sells 5,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of Equitable stock in a transaction on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares of the company’s stock, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nick Lane also recently made the following trade(s):

• On Wednesday, January 15th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $51.65, for a total transaction of $1,291,250.00.
• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The shares were sold at an average price of $45.84, for a total value of $1,146,000.00.

Equitable Price Performance

Shares of Equitable stock traded up $0.93 during trading on Monday, hitting $52.20. 3,795,319 shares of the company’s stock traded hands, compared to its average volume of 2,407,396. The company has a market cap of $16.07 billion, a PE ratio of 13.66 and a beta of 1.39. The firm’s fifty day moving average price is $52.42 and its 200 day moving average price is $47.62. Equitable Holdings, Inc. has a twelve month low of $35.18 and a twelve month high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

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

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.84%. Equitable’s dividend payout ratio is currently 25.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Equitable by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company’s stock worth $1,003,705,000 after purchasing an additional 535,671 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Equitable by 0.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company’s stock valued at $897,752,000 after buying an additional 79,999 shares in the last quarter. Norges Bank bought a new stake in Equitable during the fourth quarter worth about $668,250,000. State Street Corp increased its holdings in shares of Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after buying an additional 338,205 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock valued at $415,899,000 after acquiring an additional 3,303,449 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EQH shares. Morgan Stanley increased their target price on Equitable from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets upped their price target on Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Truist Financial upped their target price on shares of Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Barclays increased their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

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.