Elo Mutual Pension Insurance Co Acquires 10,610 Shares of Equitable Holdings, Inc. $EQH

Elo Mutual Pension Insurance Co boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 21.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 59,386 shares of the company’s stock after buying an additional 10,610 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Equitable were worth $3,332,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EQH. XTX Topco Ltd raised its holdings in shares of Equitable by 491.6% during the second quarter. XTX Topco Ltd now owns 75,499 shares of the company’s stock worth $4,235,000 after acquiring an additional 62,737 shares during the period. NFC Investments LLC raised its stake in shares of Equitable by 0.4% in the 2nd quarter. NFC Investments LLC now owns 75,300 shares of the company’s stock valued at $4,224,000 after purchasing an additional 300 shares during the period. American Century Companies Inc. lifted its holdings in shares of Equitable by 27.9% in the second quarter. American Century Companies Inc. now owns 577,537 shares of the company’s stock valued at $32,400,000 after purchasing an additional 125,828 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in shares of Equitable by 49.7% during the second quarter. Mediolanum International Funds Ltd now owns 190,720 shares of the company’s stock worth $10,673,000 after buying an additional 63,360 shares during the period. Finally, MAI Capital Management grew its holdings in shares of Equitable by 64.0% during the second quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after buying an additional 366 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Price Performance

Shares of NYSE:EQH opened at $46.84 on Thursday. The company’s fifty day moving average price is $48.38 and its 200-day moving average price is $51.52. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of -16.97 and a beta of 1.17. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61.

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

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 24th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, November 24th. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Equitable’s dividend payout ratio is -39.13%.

Insider Activity at Equitable

In related news, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total value of $1,991,952.00. Following the completion of the sale, the chief financial officer owned 140,258 shares in the company, valued at $7,573,932. The trade was a 20.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $43.14, for a total transaction of $1,712,658.00. Following the transaction, the chief executive officer owned 676,540 shares in the company, valued at $29,185,935.60. The trade was a 5.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 176,358 shares of company stock valued at $8,760,599. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $63.00 price target on shares of Equitable in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Equitable from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Keefe, Bruyette & Woods boosted their price target on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Wolfe Research raised Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, Evercore ISI boosted their target price on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.18.

Equitable Profile

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.