Equitable Holdings, Inc. $EQH Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC boosted its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,949 shares of the company’s stock after acquiring an additional 1,316 shares during the period. Convergence Investment Partners LLC’s holdings in Equitable were worth $1,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. Boston Partners acquired a new position in Equitable during the 1st quarter worth approximately $108,264,000. Allspring Global Investments Holdings LLC grew its holdings in Equitable by 5,536.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company’s stock worth $110,286,000 after acquiring an additional 2,071,691 shares in the last quarter. Wellington Management Group LLP grew its holdings in Equitable by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock worth $566,662,000 after acquiring an additional 2,061,496 shares in the last quarter. Nuveen LLC acquired a new position in Equitable during the 1st quarter worth approximately $99,319,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Equitable by 553.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after buying an additional 1,834,889 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analyst Weigh In

EQH has been the subject of several research analyst reports. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Barclays restated an “overweight” rating and issued a $63.00 target price on shares of Equitable in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Wells Fargo & Company upped their target price on shares of Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equitable in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Equitable Stock Up 0.3%

Shares of NYSE:EQH opened at $48.85 on Monday. The stock has a market cap of $14.63 billion, a P/E ratio of 39.39 and a beta of 1.10. The firm has a fifty day moving average price of $51.69 and a 200 day moving average price of $51.98. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total transaction of $332,642.10. Following the completion of the sale, the chief operating officer owned 75,098 shares in the company, valued at $3,679,051.02. This represents a 8.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the sale, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,958 shares of company stock worth $9,362,262 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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.