Equitable Holdings, Inc. (NYSE:EQH) Declares Quarterly Dividend of $0.27

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Monday, November 24th will be paid a dividend of 0.27 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 24th.

Equitable has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equitable to earn $8.29 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 13.0%.

Equitable Stock Performance

Shares of EQH opened at $45.51 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.14 and a debt-to-equity ratio of 11.87. The firm has a market cap of $13.04 billion, a PE ratio of -16.49 and a beta of 1.17. Equitable has a 12 month low of $41.39 and a 12 month high of $56.61. The stock has a fifty day moving average price of $50.11 and a 200-day moving average price of $51.92.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.11). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The company’s quarterly revenue was down 52.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. Equities research analysts predict that Equitable will post 7.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $48.17, for a total value of $1,912,349.00. Following the completion of the transaction, the chief executive officer owned 689,040 shares in the company, valued at approximately $33,191,056.80. This represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the transaction, the chief operating officer owned 75,098 shares of the company’s stock, valued at approximately $3,679,051.02. This represents a 8.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 178,958 shares of company stock worth $9,362,262. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. grew its position in Equitable by 310.2% in the first quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company’s stock worth $904,000 after acquiring an additional 13,120 shares during the period. Nordea Investment Management AB raised its holdings in shares of Equitable by 18.3% in the 2nd quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock valued at $223,168,000 after buying an additional 615,314 shares during the period. Pinnacle Associates Ltd. increased its stake in Equitable by 53.9% during the second quarter. Pinnacle Associates Ltd. now owns 17,315 shares of the company’s stock worth $971,000 after purchasing an additional 6,065 shares during the period. Assetmark Inc. lifted its holdings in Equitable by 3,555.3% during the 2nd quarter. Assetmark Inc. now owns 21,932 shares of the company’s stock worth $1,230,000 after buying an additional 21,332 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Equitable in the 2nd quarter valued at approximately $73,000. 92.70% of the stock is owned by institutional investors and hedge funds.

About Equitable

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.