Equitable Holdings, Inc. (EQH) – What Are Analysts Thinking About This Stock?

Equitable Holdings, Inc. (NYSE:EQH) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $63.33.

Several brokerages recently issued reports on EQH. Keefe, Bruyette & Woods boosted their price target on Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Mizuho reduced their price objective on Equitable from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings upgraded Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Wells Fargo & Company lifted their price objective on Equitable from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Finally, Truist Financial boosted their price objective on Equitable from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th.

Equitable Trading Up 0.1%

Shares of NYSE:EQH opened at $52.70 on Wednesday. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. The stock’s 50-day moving average is $53.17 and its 200-day moving average is $46.09. The company has a market cap of $14.05 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.51 and a beta of 1.06. Equitable has a 52-week low of $35.19 and a 52-week high of $56.83.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, November 2nd. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.27. Equitable had a negative return on equity of 3,089.96% and a net margin of 11.53%. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business earned $1.48 earnings per share. Equitable’s revenue for the quarter was up 167.7% compared to the same quarter last year. Equities research analysts predict that Equitable will post 7.20 earnings per share for the current year.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 14,923 shares of Equitable stock in a transaction on Friday, September 4th. The shares were sold at an average price of $53.24, for a total transaction of $794,500.52. Following the sale, the insider owned 110,007 shares in the company, valued at $5,856,772.68. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig MacKay sold 2,200 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total transaction of $113,014.00. Following the completion of the sale, the director directly owned 18,999 shares in the company, valued at $975,978.63. This trade represents a 10.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,903 shares of company stock valued at $1,219,978 in the last ninety days. 1.00% of the stock is owned by company insiders.

Institutional Trading of Equitable

Several institutional investors have recently made changes to their positions in the business. Moors & Cabot Inc. acquired a new stake in shares of Equitable during the third quarter worth about $256,000. Russell Investments Group Ltd. grew its position in shares of Equitable by 1.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 191,874 shares of the company’s stock valued at $9,840,000 after purchasing an additional 2,316 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Equitable by 8.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 15,951 shares of the company’s stock valued at $818,000 after purchasing an additional 1,180 shares during the period. Machina Capital S.A.S. grew its position in shares of Equitable by 145.1% in the 3rd quarter. Machina Capital S.A.S. now owns 34,882 shares of the company’s stock valued at $1,788,000 after purchasing an additional 20,648 shares during the period. Finally, Lido Advisors LLC increased its stake in Equitable by 24.0% during the 3rd quarter. Lido Advisors LLC now owns 10,380 shares of the company’s stock worth $532,000 after purchasing an additional 2,012 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Company Profile

Equitable Holdings, Inc is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions.

The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.

Equitable traces its history to the Equitable Life Assurance Society of the United States, founded in 1859.