Mn Services Vermogensbeheer B.V. Trims Stake in Equitable Holdings, Inc. (NYSE:EQH)

Mn Services Vermogensbeheer B.V. reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH – Get Rating) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,400 shares of the company’s stock after selling 12,400 shares during the quarter. Mn Services Vermogensbeheer B.V. owned about 0.06% of Equitable worth $5,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its holdings in Equitable by 5.2% during the 3rd quarter. US Bancorp DE now owns 11,286 shares of the company’s stock worth $297,000 after purchasing an additional 556 shares during the period. Van ECK Associates Corp increased its holdings in shares of Equitable by 11.7% in the 3rd quarter. Van ECK Associates Corp now owns 6,502 shares of the company’s stock valued at $171,000 after acquiring an additional 683 shares during the period. TCW Group Inc. increased its holdings in shares of Equitable by 9.9% in the 3rd quarter. TCW Group Inc. now owns 50,213 shares of the company’s stock valued at $1,323,000 after acquiring an additional 4,506 shares during the period. CWM LLC increased its holdings in shares of Equitable by 29.6% in the 3rd quarter. CWM LLC now owns 1,501 shares of the company’s stock valued at $40,000 after acquiring an additional 343 shares during the period. Finally, Strs Ohio increased its holdings in shares of Equitable by 66.0% in the 3rd quarter. Strs Ohio now owns 1,000,309 shares of the company’s stock valued at $26,358,000 after acquiring an additional 397,654 shares during the period. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank of Canada downgraded Equitable from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $34.00 to $33.00 in a report on Tuesday, December 6th. Citigroup lifted their price target on Equitable from $37.00 to $38.00 in a report on Wednesday, November 16th. Wells Fargo & Company cut their price target on Equitable from $41.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, October 12th. Truist Financial dropped their target price on Equitable from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Finally, Jefferies Financial Group downgraded Equitable from a “buy” rating to a “hold” rating and dropped their target price for the stock from $36.00 to $34.00 in a research note on Friday, December 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.78.

Equitable Stock Performance

Shares of EQH opened at $30.53 on Tuesday. The stock has a 50-day moving average of $30.04 and a two-hundred day moving average of $29.07. Equitable Holdings, Inc. has a one year low of $24.61 and a one year high of $37.13. The stock has a market cap of $11.30 billion, a P/E ratio of 4.27 and a beta of 1.43.

Equitable (NYSE:EQH – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.15. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.21 billion. Analysts predict that Equitable Holdings, Inc. will post 5.28 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Monday, November 28th were issued a $0.20 dividend. The ex-dividend date was Friday, November 25th. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. Equitable’s dividend payout ratio (DPR) is presently 11.19%.

Insider Activity

In other news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $30.19, for a total value of $905,700.00. Following the completion of the transaction, the chief executive officer now owns 425,307 shares of the company’s stock, valued at approximately $12,840,018.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.98% of the company’s stock.

About Equitable

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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.