Equitable Holdings, Inc. (NYSE:EQH) Stock Has Consensus Price Target of $63.18 According to Analysts

Equitable Holdings, Inc. (NYSE:EQH) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $63.33.

Several equities research analysts have recently issued reports on the company. Barclays lifted their price target on Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Mizuho lowered their target price on Equitable from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Truist Financial lifted their price target on Equitable from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Finally, Weiss Ratings raised Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th.

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 14,923 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $53.24, for a total value of $794,500.52. Following the transaction, the insider owned 110,007 shares of the company’s stock, valued at approximately $5,856,772.68. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William Eckert, IV sold 947 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.88, for a total transaction of $50,077.36. Following the transaction, the chief accounting officer owned 8,419 shares of the company’s stock, valued at $445,196.72. This represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 23,850 shares of company stock valued at $1,270,055. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Equitable

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Equitable in the second quarter valued at approximately $1,136,305,000. Canada Pension Plan Investment Board purchased a new stake in Equitable in the 2nd quarter worth approximately $399,576,000. Wellington Management Group LLP raised its stake in Equitable by 6.3% during the 2nd quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after buying an additional 523,638 shares during the last quarter. Pzena Investment Management LLC lifted its position in Equitable by 1.0% during the third quarter. Pzena Investment Management LLC now owns 5,618,993 shares of the company’s stock valued at $288,086,000 after purchasing an additional 57,189 shares during the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in Equitable by 3.0% in the second quarter. Thornburg Investment Management Inc. now owns 5,142,337 shares of the company’s stock worth $225,646,000 after acquiring an additional 148,132 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Down 0.4%

EQH opened at $52.70 on Wednesday. Equitable has a 1-year low of $35.19 and a 1-year high of $56.83. The company has a fifty day moving average price of $53.17 and a two-hundred day moving average price of $46.09. The company has a market cap of $14.39 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 2nd. The company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.27. Equitable had a return on equity of 636.12% and a net margin of 11.53%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’s quarterly revenue was up 167.7% on a year-over-year basis. Analysts predict that Equitable will post 7.20 EPS for the current fiscal year.

Equitable Company 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.