Nick Lane Sells 5,000 Shares of Equitable Holdings, Inc. (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 5,000 shares of Equitable stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.12, for a total transaction of $255,600.00. Following the completion of the transaction, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Wednesday, January 15th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00.
• On Wednesday, December 18th, Nick Lane sold 25,000 shares of Equitable stock. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00.

Equitable Trading Down 1.4 %

EQH stock opened at $51.55 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The company’s 50-day simple moving average is $52.52 and its 200 day simple moving average is $47.76. Equitable Holdings, Inc. has a 52 week low of $35.48 and a 52 week high of $56.00. The company has a market capitalization of $15.87 billion, a PE ratio of 13.49 and a beta of 1.39.

Equitable (NYSE:EQH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a yield of 1.86%. Equitable’s dividend payout ratio is 25.13%.

Institutional Investors Weigh In On Equitable

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Equitable by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company’s stock worth $1,003,705,000 after purchasing an additional 535,671 shares during the period. Canada Pension Plan Investment Board lifted its position in Equitable by 0.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 19,032,270 shares of the company’s stock worth $897,752,000 after purchasing an additional 79,999 shares during the period. Norges Bank bought a new stake in Equitable during the fourth quarter worth about $668,250,000. State Street Corp lifted its position in Equitable by 2.7% during the third quarter. State Street Corp now owns 12,976,870 shares of the company’s stock worth $545,418,000 after purchasing an additional 338,205 shares during the period. Finally, Wellington Management Group LLP lifted its position in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company’s stock worth $415,899,000 after purchasing an additional 3,303,449 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on EQH. Wells Fargo & Company upped their price target on shares of Equitable from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Barclays upped their price target on shares of Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. BMO Capital Markets upped their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.75.

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.