12,100 Equitable Holdings, Inc. $EQH Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 20.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 71,500 shares of the company’s stock after buying an additional 12,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Equitable were worth $3,666,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EQH. BlackRock Inc. acquired a new stake in shares of Equitable during the 2nd quarter worth about $1,136,305,000. Canada Pension Plan Investment Board acquired a new position in Equitable in the second quarter valued at approximately $399,576,000. Pzena Investment Management LLC acquired a new position in Equitable in the second quarter valued at approximately $244,052,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Equitable in the second quarter valued at approximately $208,146,000. Finally, Conifer Management L.L.C. purchased a new position in Equitable in the second quarter valued at approximately $184,296,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 0.0%

Shares of NYSE EQH opened at $53.84 on Monday. The business has a 50-day moving average price of $52.68 and a 200 day moving average price of $45.91. The stock has a market cap of $14.70 billion, a PE ratio of -16.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The company has a quick ratio of 0.15, a current ratio of 0.15 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 $55.67.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm’s revenue was down 29.8% compared to the same quarter last year. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Equitable from $52.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Wells Fargo & Company increased their target price on shares of Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Mizuho dropped their target price on shares of Equitable from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 price target on shares of Equitable in a research note on Friday, October 9th. Finally, Weiss Ratings raised shares of Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.18.

Insiders Place Their Bets

In other news, Director Arlene Isaacs-Lowe sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $52.83, for a total transaction of $52,830.00. Following the transaction, the director directly owned 19,763 shares in the company, valued at approximately $1,044,079.29. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William Eckert, IV sold 947 shares of Equitable stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.88, for a total transaction of $50,077.36. Following the completion of the transaction, the chief accounting officer directly owned 8,419 shares in the company, valued at $445,196.72. The trade was a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,816 shares of company stock valued at $1,731,591. 1.00% of the stock is owned by insiders.

Equitable Profile

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.