Equitable Holdings, Inc. (NYSE:EQH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Equitable Holdings, Inc. (NYSE:EQH) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $64.4545.

A number of brokerages have weighed in on EQH. Evercore ISI raised their target price on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Equitable in a research report on Tuesday, October 14th. Wells Fargo & Company raised their target price on shares of Equitable from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Barclays restated an “overweight” rating and issued a $63.00 target price on shares of Equitable in a research report on Wednesday, October 8th.

Insider Buying and Selling at Equitable

In other news, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $48.99, for a total transaction of $332,642.10. Following the transaction, the chief operating officer owned 75,098 shares in the company, valued at approximately $3,679,051.02. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the transaction, the chief financial officer owned 140,258 shares in the company, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 178,958 shares of company stock worth $9,362,262 in the last three months. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Equitable

A number of hedge funds have recently modified their holdings of the business. Atlas Capital Advisors Inc. raised its stake in Equitable by 310.2% during the first quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company’s stock worth $904,000 after buying an additional 13,120 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Equitable during the first quarter worth $252,000. Nordea Investment Management AB raised its stake in Equitable by 18.3% during the second quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock worth $223,168,000 after buying an additional 615,314 shares during the last quarter. Diversified Trust Co raised its stake in Equitable by 51.5% during the first quarter. Diversified Trust Co now owns 42,276 shares of the company’s stock worth $2,202,000 after buying an additional 14,380 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Equitable during the first quarter worth $255,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Performance

Shares of Equitable stock opened at $47.58 on Friday. Equitable has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $14.25 billion, a P/E ratio of 38.37 and a beta of 1.10. The company’s 50 day moving average price is $51.43 and its two-hundred day moving average price is $52.00.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.