Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) COO Sells 8,000 Shares of Stock

Equitable Holdings, Inc. (NYSE:EQHGet Rating) COO Jeffrey J. Hurd sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $30.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief operating officer now owns 95,904 shares in the company, valued at $2,877,120. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

EQH stock traded up $0.64 during trading hours on Friday, hitting $30.89. The company’s stock had a trading volume of 1,926,639 shares, compared to its average volume of 3,365,836. The company has a market capitalization of $11.77 billion, a PE 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 stock has a 50 day moving average price of $30.10 and a two-hundred day moving average price of $32.04.

Equitable (NYSE:EQHGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.15). During the same period last year, the business posted $1.13 EPS. On average, analysts predict that Equitable Holdings, Inc. will post 6.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 6th. Stockholders of record on Monday, May 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from Equitable’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, May 26th. Equitable’s payout ratio is presently 18.90%.

A number of analysts recently commented on EQH shares. TheStreet upgraded shares of Equitable from a “c+” rating to a “b” rating in a report on Monday, May 9th. Barclays dropped their target price on shares of Equitable from $43.00 to $37.00 in a research report on Thursday, May 12th. Citigroup initiated coverage on shares of Equitable in a research report on Monday. They issued a “buy” rating and a $41.00 target price on the stock. Zacks Investment Research downgraded shares of Equitable from a “buy” rating to a “hold” rating in a research report on Tuesday, March 8th. Finally, Morgan Stanley dropped their target price on shares of Equitable from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $43.30.

Several institutional investors have recently modified their holdings of EQH. CWM LLC acquired a new stake in shares of Equitable in the fourth quarter worth $25,000. UMB Bank N A MO acquired a new stake in shares of Equitable in the fourth quarter worth $25,000. Riverview Trust Co acquired a new stake in shares of Equitable in the first quarter worth $25,000. DB Wealth Management Group LLC acquired a new stake in shares of Equitable in the first quarter worth $26,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Equitable in the fourth quarter worth $27,000.

Equitable Company Profile (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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