Strs Ohio Decreases Position in Equitable Holdings, Inc. $EQH

Strs Ohio reduced its stake in Equitable Holdings, Inc. (NYSE:EQH) by 80.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,190 shares of the company’s stock after selling 30,294 shares during the period. Strs Ohio’s holdings in Equitable were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EQH. True Wealth Design LLC increased its position in shares of Equitable by 592.6% in the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after acquiring an additional 480 shares during the period. Root Financial Partners LLC acquired a new position in shares of Equitable in the third quarter valued at about $36,000. Hilltop National Bank purchased a new position in shares of Equitable in the third quarter worth about $37,000. Geneos Wealth Management Inc. lifted its holdings in shares of Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the period. Finally, MAI Capital Management boosted its position in Equitable by 64.0% in the second quarter. MAI Capital Management now owns 938 shares of the company’s stock valued at $53,000 after buying an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Price Performance

Shares of EQH stock opened at $46.43 on Friday. 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 company has a market capitalization of $13.30 billion, a PE ratio of -16.82, a price-to-earnings-growth ratio of 0.35 and a beta of 1.13. The firm’s 50-day moving average is $47.22 and its two-hundred day moving average is $49.41. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.11). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The company’s quarterly revenue was down 52.8% compared to the same quarter last year. During the same period last year, the business earned $1.58 EPS. Analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 24th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.3%. Equitable’s dividend payout ratio is presently -39.13%.

Insider Buying and Selling at Equitable

In other news, CAO William James Iv Eckert sold 4,300 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $47.27, for a total value of $203,261.00. Following the sale, the chief accounting officer directly owned 15,625 shares in the company, valued at approximately $738,593.75. This trade represents a 21.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $46.20, for a total value of $1,834,140.00. Following the transaction, the chief executive officer directly owned 652,945 shares of the company’s stock, valued at approximately $30,166,059. This represents a 5.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 203,770 shares of company stock worth $9,462,206 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James Financial set a $60.00 price objective on Equitable in a research note on Monday, January 5th. Wall Street Zen downgraded Equitable from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. UBS Group dropped their price objective on shares of Equitable from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Mizuho set a $65.00 target price on shares of Equitable in a report on Wednesday, January 14th. Finally, Barclays set a $58.00 price target on shares of Equitable in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.54.

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.