Nick Lane Sells 14,923 Shares of Equitable (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 14,923 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $53.24, for a total transaction of $794,500.52. Following the completion of the sale, the insider owned 110,007 shares in the company, valued at $5,856,772.68. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equitable Price Performance

Shares of EQH stock traded down $0.97 on Tuesday, reaching $51.99. The company’s stock had a trading volume of 3,014,896 shares, compared to its average volume of 3,588,205. The company has a market capitalization of $14.20 billion, a P/E ratio of -15.71, a PEG ratio of 0.52 and a beta of 1.10. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.15. The stock’s 50 day simple moving average is $49.21 and its 200-day simple moving average is $43.87. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The firm’s revenue was down 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, equities analysts predict that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. Equitable’s payout ratio is presently -36.25%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EQH shares. Mizuho set a $68.00 target price on shares of Equitable in a research report on Thursday, August 6th. Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings downgraded shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Wolfe Research lowered shares of Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company increased their target price on Equitable from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in Equitable by 9.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,726 shares of the company’s stock valued at $130,000 after buying an additional 227 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Equitable by 9.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,999 shares of the company’s stock valued at $143,000 after acquiring an additional 249 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of Equitable by 11.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,634 shares of the company’s stock valued at $134,000 after acquiring an additional 275 shares during the last quarter. J. Safra Sarasin Holding AG raised its stake in shares of Equitable by 1.5% during the first quarter. J. Safra Sarasin Holding AG now owns 19,109 shares of the company’s stock valued at $708,000 after acquiring an additional 290 shares during the last quarter. Finally, CX Institutional boosted its holdings in shares of Equitable by 30.2% during the second quarter. CX Institutional now owns 1,282 shares of the company’s stock worth $56,000 after purchasing an additional 297 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Company Profile

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.