Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson Sells 30,000 Shares

Equitable Holdings, Inc. (NYSE:EQHGet Rating) CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $30.04, for a total transaction of $901,200.00. Following the sale, the chief executive officer now owns 482,212 shares in the company, valued at approximately $14,485,648.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Pearson also recently made the following trade(s):

  • On Monday, April 18th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $30.54, for a total transaction of $916,200.00.
  • On Tuesday, March 15th, Mark Pearson sold 30,000 shares of Equitable stock. The stock was sold at an average price of $30.50, for a total transaction of $915,000.00.

NYSE:EQH traded up $0.64 during trading hours on Friday, reaching $30.89. 1,926,639 shares of the company’s stock were exchanged, compared to its average volume of 3,365,836. The company has a market capitalization of $11.77 billion, a P/E ratio of 8.11 and a beta of 1.49. Equitable Holdings, Inc. has a 12 month low of $25.73 and a 12 month high of $37.13. The business’s 50-day simple moving average is $30.10 and its two-hundred day simple moving average is $32.04.

Equitable (NYSE:EQHGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.15). During the same quarter last year, the firm posted $1.13 EPS. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 6th. Stockholders of record on Monday, May 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Equitable’s previous quarterly dividend of $0.18. Equitable’s dividend payout ratio (DPR) is currently 18.90%.

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Equitable to a “positive” rating in a research note on Wednesday, May 11th. JPMorgan Chase & Co. upgraded shares of Equitable from a “neutral” rating to an “overweight” rating and set a $36.00 target price for the company in a research report on Wednesday. Morgan Stanley decreased their target price on shares of Equitable from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, April 8th. Zacks Investment Research cut shares of Equitable from a “buy” rating to a “hold” rating in a research report on Tuesday, March 8th. Finally, TheStreet upgraded shares of Equitable from a “c+” rating to a “b” rating in a research report on Monday, May 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equitable presently has an average rating of “Buy” and a consensus price target of $43.30.

A number of large investors have recently bought and sold shares of the stock. Icon Advisers Inc. Co. grew its position in Equitable by 19.0% in the 1st quarter. Icon Advisers Inc. Co. now owns 32,600 shares of the company’s stock worth $1,008,000 after purchasing an additional 5,200 shares during the last quarter. Genesee Capital Advisors LLC raised its stake in shares of Equitable by 7.4% in the first quarter. Genesee Capital Advisors LLC now owns 32,145 shares of the company’s stock worth $994,000 after acquiring an additional 2,227 shares during the last quarter. M Holdings Securities Inc. bought a new position in shares of Equitable in the first quarter worth about $611,000. Neuberger Berman Group LLC grew its position in shares of Equitable by 5.7% during the 1st quarter. Neuberger Berman Group LLC now owns 5,011,786 shares of the company’s stock worth $154,985,000 after buying an additional 270,728 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Equitable by 3.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 158,137 shares of the company’s stock worth $4,888,000 after buying an additional 4,740 shares during the period.

About Equitable (Get Rating)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company 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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Insider Buying and Selling by Quarter for Equitable (NYSE:EQH)

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