Savant Capital LLC Has $453,000 Stock Position in Equitable Holdings, Inc. $EQH

Savant Capital LLC lessened its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 57.7% in the 3rd quarter, Holdings Channel reports. The firm owned 8,927 shares of the company’s stock after selling 12,185 shares during the quarter. Savant Capital LLC’s holdings in Equitable were worth $453,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after buying an additional 424 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of Equitable during the 2nd quarter valued at about $256,000. IFP Advisors Inc raised its stake in shares of Equitable by 57.4% in the 2nd quarter. IFP Advisors Inc now owns 1,530 shares of the company’s stock valued at $86,000 after acquiring an additional 558 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Equitable in the 2nd quarter worth approximately $576,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Equitable by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,533 shares of the company’s stock worth $2,106,000 after purchasing an additional 3,735 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQH has been the topic of a number of recent analyst reports. Mizuho set a $65.00 price target on shares of Equitable in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Equitable in a research note on Monday, December 29th. Wells Fargo & Company cut their target price on shares of Equitable from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. The Goldman Sachs Group set a $60.00 price target on shares of Equitable in a report on Monday, January 5th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Equitable in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.42.

Equitable Stock Up 1.8%

NYSE EQH opened at $44.35 on Friday. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. The stock has a market cap of $12.71 billion, a PE ratio of -9.20, a PEG ratio of 0.34 and a beta of 1.12. The firm has a 50-day simple moving average of $47.00 and a 200 day simple moving average of $48.91. The company has a debt-to-equity ratio of 16.42, a quick ratio of 0.13 and a current ratio of 0.10.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.4%. Equitable’s dividend payout ratio (DPR) is currently -22.41%.

Equitable declared that its board has initiated a stock buyback program on Wednesday, February 11th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $46.20, for a total transaction of $1,834,140.00. Following the sale, the chief executive officer directly owned 652,945 shares in the company, valued at approximately $30,166,059. The trade was a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 4,300 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $47.27, for a total value of $203,261.00. Following the completion of the transaction, the chief accounting officer directly owned 15,625 shares of the company’s stock, valued at approximately $738,593.75. This trade represents a 21.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 203,770 shares of company stock worth $9,462,206 over the last quarter. 1.10% of the stock is owned by company insiders.

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.