TCW Group Inc. Increases Position in Equitable Holdings, Inc. (NYSE:EQH)

TCW Group Inc. increased its position in Equitable Holdings, Inc. (NYSE:EQH) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 146,940 shares of the company’s stock after buying an additional 14,480 shares during the period. TCW Group Inc.’s holdings in Equitable were worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. Allianz Asset Management GmbH increased its holdings in shares of Equitable by 3.7% in the fourth quarter. Allianz Asset Management GmbH now owns 643,633 shares of the company’s stock valued at $30,360,000 after purchasing an additional 23,134 shares during the period. Ieq Capital LLC acquired a new stake in shares of Equitable during the fourth quarter worth about $1,420,000. Truist Financial Corp boosted its position in Equitable by 2.8% in the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock valued at $451,000 after buying an additional 257 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Equitable by 13.0% in the 4th quarter. CIBC Asset Management Inc now owns 13,299 shares of the company’s stock worth $627,000 after buying an additional 1,534 shares during the period. Finally, Principal Financial Group Inc. raised its position in Equitable by 20.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,554,890 shares of the company’s stock worth $120,529,000 after buying an additional 437,322 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Buying and Selling

In other news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares of the company’s stock, valued at $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now directly owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 in the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

EQH has been the topic of several recent research reports. Barclays upped their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Equitable from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Truist Financial lifted their price objective on Equitable from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Morgan Stanley upped their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, BMO Capital Markets began coverage on Equitable in a research report on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.58.

Equitable Stock Down 4.7 %

Shares of EQH opened at $51.44 on Monday. The firm has a market cap of $16.12 billion, a P/E ratio of 13.46 and a beta of 1.39. Equitable Holdings, Inc. has a 12 month low of $32.96 and a 12 month high of $56.00. The stock’s 50 day moving average is $50.91 and its two-hundred day moving average is $46.38. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07.

Equitable (NYSE:EQH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. Analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. Equitable’s dividend payout ratio is currently 25.13%.

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.