Equitable (NYSE:EQH) CAO Sells $259,346.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 6,200 shares of Equitable stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $41.83, for a total transaction of $259,346.00. Following the completion of the transaction, the chief accounting officer directly owned 9,366 shares in the company, valued at approximately $391,779.78. The trade was a 39.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

William James Iv Eckert also recently made the following trade(s):

• On Friday, May 15th, William James Iv Eckert sold 7,300 shares of Equitable stock. The stock was sold at an average price of $42.48, for a total transaction of $310,104.00.

Equitable Stock Up 1.1%

Shares of NYSE EQH opened at $44.11 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 52 week low of $35.19 and a 52 week high of $56.61. The firm’s fifty day moving average is $41.22 and its 200 day moving average is $43.19. The company has a market cap of $12.42 billion, a price-to-earnings ratio of -15.53, a PEG ratio of 0.47 and a beta of 1.10.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.95 billion. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. On average, equities research analysts expect that Equitable Holdings, Inc. will post 7.07 earnings per share for the current year.

Equitable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Equitable’s previous quarterly dividend of $0.27. Equitable’s payout ratio is presently -42.25%.

Wall Street Analysts Forecast Growth

EQH has been the topic of a number of research analyst reports. Raymond James Financial set a $58.00 price objective on shares of Equitable and gave the company a “strong-buy” rating in a research report on Thursday, April 16th. Mizuho boosted their price objective on shares of Equitable from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley reduced their price objective on shares of Equitable from $59.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Evercore set a $63.00 price objective on shares of Equitable and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, Barclays boosted their price objective on shares of Equitable from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.64.

Institutional Trading of Equitable

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Essential Partners LLC grew its position in shares of Equitable by 245.2% in the 1st quarter. Essential Partners LLC now owns 1,084 shares of the company’s stock worth $40,000 after buying an additional 770 shares during the period. Bank of America Corp DE grew its position in shares of Equitable by 15.8% in the 1st quarter. Bank of America Corp DE now owns 889,016 shares of the company’s stock worth $32,991,000 after buying an additional 121,261 shares during the period. Janus Henderson Group PLC grew its position in shares of Equitable by 78.7% in the 1st quarter. Janus Henderson Group PLC now owns 61,432 shares of the company’s stock worth $2,280,000 after buying an additional 27,052 shares during the period. South Dakota Investment Council grew its position in shares of Equitable by 18.3% in the 1st quarter. South Dakota Investment Council now owns 377,662 shares of the company’s stock worth $14,015,000 after buying an additional 58,506 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Equitable by 26.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,501 shares of the company’s stock worth $93,000 after buying an additional 526 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.