Arlene Isaacs-Lowe Sells 1,000 Shares of Equitable (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) Director Arlene Isaacs-Lowe sold 1,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $52.83, for a total transaction of $52,830.00. Following the completion of the sale, the director owned 19,763 shares of the company’s stock, valued at $1,044,079.29. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Equitable Stock Performance

NYSE:EQH opened at $52.85 on Friday. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $55.15. The firm’s fifty day simple moving average is $49.03 and its 200 day simple moving average is $43.82. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. The firm has a market capitalization of $14.43 billion, a PE ratio of -15.97, a PEG ratio of 0.52 and a beta of 1.10.

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

Equitable Dividend Announcement

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

Hedge Funds Weigh In On Equitable

A number of hedge funds and other institutional investors have recently made changes to their positions in EQH. Johnson Financial Group Inc. bought a new stake in Equitable in the third quarter valued at about $26,000. Covestor Ltd raised its position in Equitable by 124.7% in the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock worth $35,000 after purchasing an additional 404 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Equitable during the third quarter worth about $38,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Equitable during the second quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 424 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EQH shares. Evercore reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Equitable in a report on Thursday, August 20th. Jefferies Financial Group upped their price target on Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Zacks Research raised Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group raised their price objective on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Wolfe Research lowered shares of Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

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.