Zacks Investment Research cut shares of AXA Equitable (NYSE:EQH) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “AXA Equitable Holdings Inc. provides financial services which includes investment management insights and advisory solutions. The Company’s operating segments consists of Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions and Corporate and Other. AXA Equitable Holdings Inc. is based in New York. “

Several other equities research analysts have also issued reports on EQH. Citigroup increased their target price on shares of AXA Equitable from $20.00 to $22.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Credit Suisse Group reduced their target price on shares of AXA Equitable from $24.00 to $23.00 and set a neutral rating for the company in a report on Wednesday, April 3rd. Barclays increased their target price on shares of AXA Equitable from $18.00 to $20.00 and gave the stock an equal weight rating in a report on Monday, April 1st. Finally, Wells Fargo & Co reissued a hold rating and issued a $20.00 target price on shares of AXA Equitable in a report on Thursday, February 28th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $24.31.

AXA Equitable stock traded up $0.45 during midday trading on Wednesday, hitting $21.86. The stock had a trading volume of 31,867 shares, compared to its average volume of 2,924,495. The firm has a market capitalization of $10.19 billion and a price-to-earnings ratio of 5.57. AXA Equitable has a 52-week low of $14.72 and a 52-week high of $23.21.

AXA Equitable (NYSE:EQH) last released its earnings results on Thursday, February 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $3.22 billion. As a group, analysts predict that AXA Equitable will post 4.13 EPS for the current fiscal year.

In other AXA Equitable news, major shareholder Axa sold 46,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $19.99, for a total value of $919,540,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co bought a new position in shares of AXA Equitable during the 1st quarter valued at approximately $42,000. Oregon Public Employees Retirement Fund bought a new position in shares of AXA Equitable during the 4th quarter valued at approximately $44,000. American International Group Inc. boosted its position in shares of AXA Equitable by 44.6% during the 4th quarter. American International Group Inc. now owns 3,610 shares of the company’s stock valued at $60,000 after acquiring an additional 1,114 shares during the last quarter. Strs Ohio bought a new position in shares of AXA Equitable during the 1st quarter valued at approximately $61,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of AXA Equitable by 44.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock valued at $81,000 after acquiring an additional 1,507 shares during the last quarter. Institutional investors and hedge funds own 48.87% of the company’s stock.

About AXA Equitable

AXA Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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