Equitable Holdings, Inc. $EQH Holdings Reduced by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,128,910 shares of the company’s stock after selling 1,702,001 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Equitable worth $1,631,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. True Wealth Design LLC grew its holdings in Equitable by 592.6% in the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock worth $31,000 after buying an additional 480 shares in the last quarter. Root Financial Partners LLC acquired a new position in Equitable during the 3rd quarter worth $36,000. Hilltop National Bank bought a new position in shares of Equitable in the third quarter worth $37,000. Geneos Wealth Management Inc. increased 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 valued at $46,000 after purchasing an additional 424 shares during the period. Finally, MAI Capital Management raised its stake in shares of Equitable by 64.0% during the second quarter. MAI Capital Management now owns 938 shares of the company’s stock valued at $53,000 after purchasing an additional 366 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Mizuho set a $65.00 target price on shares of Equitable in a research report on Wednesday, January 14th. Raymond James Financial set a $60.00 price objective on shares of Equitable in a report on Monday, January 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Equitable in a research note on Wednesday, December 17th. Wells Fargo & Company cut their target price on Equitable from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Barclays decreased their price target on Equitable from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Equitable currently has an average rating of “Moderate Buy” and an average price target of $62.42.

Equitable Trading Down 0.3%

Shares of NYSE EQH opened at $44.20 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.10 and a debt-to-equity ratio of 16.42. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The company has a market cap of $12.66 billion, a price-to-earnings ratio of -9.17, a P/E/G ratio of 0.34 and a beta of 1.12. The business has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $48.70.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, March 4th. Equitable’s dividend payout ratio (DPR) is presently -22.41%.

Equitable announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 11th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $47.65, for a total transaction of $323,543.50. Following the sale, the chief operating officer owned 55,023 shares in the company, valued at $2,621,845.95. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William James Iv Eckert sold 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $47.27, for a total transaction of $203,261.00. Following the completion of the transaction, the chief accounting officer directly owned 15,625 shares of the company’s stock, valued at $738,593.75. This represents a 21.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 157,280 shares of company stock valued at $7,455,677. 1.10% of the stock is currently owned by insiders.

Equitable 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.