Equitable Holdings, Inc. (EQH) to Issue Quarterly Dividend of $0.27 on March 11th

Equitable Holdings, Inc. (NYSE:EQH) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, March 4th will be given a dividend of 0.27 per share on Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, March 4th.

Equitable has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equitable to earn $8.29 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 13.0%.

Equitable Stock Performance

NYSE:EQH opened at $43.55 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.13 and a debt-to-equity ratio of 16.42. The company has a market capitalization of $12.48 billion, a P/E ratio of -9.04, a price-to-earnings-growth ratio of 0.35 and a beta of 1.12. The firm has a 50-day moving average price of $47.03 and a two-hundred day moving average price of $48.96. Equitable has a twelve month low of $41.39 and a twelve month high of $56.61.

Insiders Place Their Bets

In other news, CAO William James Iv Eckert sold 4,300 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total transaction of $203,261.00. Following the transaction, the chief accounting officer directly owned 15,625 shares in the company, valued at $738,593.75. This represents a 21.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nick Lane sold 30,000 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 $1,429,500.00. Following the completion of the sale, the insider owned 99,958 shares of the company’s stock, valued at approximately $4,762,998.70. The trade was a 23.08% 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 valued at $9,462,206 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Equitable

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Equitable in the third quarter valued at $26,000. True Wealth Design LLC raised its holdings in shares of 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 purchasing an additional 480 shares during the period. Covestor Ltd raised its holdings in shares of Equitable by 124.7% in the 4th quarter. Covestor Ltd now owns 728 shares of the company’s stock worth $35,000 after purchasing an additional 404 shares during the period. Root Financial Partners LLC acquired a new position in shares of Equitable in the 3rd quarter valued at about $36,000. Finally, Hilltop National Bank purchased a new stake in shares of Equitable during the 3rd quarter worth about $37,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

About Equitable

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.