Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd Sells 9,969 Shares

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $36.24, for a total value of $361,276.56. Following the transaction, the chief operating officer now owns 141,062 shares in the company, valued at $5,112,086.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Equitable Stock Performance

Shares of EQH stock opened at $36.24 on Friday. The firm has a market cap of $11.87 billion, a P/E ratio of 10.72 and a beta of 1.42. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44. The business’s 50 day moving average price is $35.51 and its 200-day moving average price is $32.20.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. As a group, equities analysts predict that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were given a $0.22 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. Equitable’s dividend payout ratio is currently 26.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley increased their price objective on Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Company increased their price objective on Equitable from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. UBS Group raised their price target on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods raised their price target on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Equitable has an average rating of “Moderate Buy” and an average price target of $39.67.

Institutional Investors Weigh In On Equitable

Large investors have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new stake in shares of Equitable in the 4th quarter worth approximately $4,425,000. Pacer Advisors Inc. purchased a new position in shares of Equitable in the 4th quarter valued at approximately $1,573,000. Louisiana State Employees Retirement System purchased a new position in shares of Equitable in the 4th quarter valued at approximately $2,977,000. Ellsworth Advisors LLC purchased a new position in shares of Equitable in the 4th quarter valued at approximately $894,000. Finally, State of Michigan Retirement System lifted its stake in shares of Equitable by 791.6% in the 4th quarter. State of Michigan Retirement System now owns 83,686 shares of the company’s stock valued at $2,787,000 after purchasing an additional 74,300 shares during the period. 92.70% of the stock is currently owned by institutional investors.

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.