Equitable Holdings, Inc. (NYSE:EQH) Stake Increased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 14.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,569 shares of the company’s stock after acquiring an additional 1,549 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Equitable were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Equitable in the fourth quarter worth $4,425,000. Pacer Advisors Inc. acquired a new position in Equitable in the fourth quarter worth $1,573,000. Louisiana State Employees Retirement System acquired a new position in Equitable in the fourth quarter worth $2,977,000. Yousif Capital Management LLC boosted its holdings in Equitable by 1,739.8% in the fourth quarter. Yousif Capital Management LLC now owns 153,314 shares of the company’s stock worth $5,105,000 after purchasing an additional 144,981 shares during the period. Finally, Ellsworth Advisors LLC acquired a new position in Equitable in the fourth quarter worth $894,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Down 0.6 %

EQH stock opened at $36.89 on Monday. The company has a market capitalization of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42. The company has a 50-day simple moving average of $35.90 and a 200 day simple moving average of $32.68. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44.

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

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s dividend payout ratio (DPR) is presently 26.04%.

Analyst Ratings Changes

EQH has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, April 15th. UBS Group boosted their price target on shares of Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Jefferies Financial Group boosted their price target on shares of Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Evercore ISI boosted their price target on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $39.00 to $41.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.67.

Insiders Place Their Bets

In other Equitable news, Director Bertram L. Scott sold 7,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $35.29, for a total value of $247,030.00. Following the sale, the director now directly owns 20,902 shares in the company, valued at $737,631.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Equitable news, Director Bertram L. Scott sold 7,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $35.29, for a total transaction of $247,030.00. Following the sale, the director now owns 20,902 shares in the company, valued at approximately $737,631.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 60,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.38, for a total value of $1,942,800.00. Following the sale, the chief executive officer now owns 619,625 shares in the company, valued at approximately $20,063,457.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 241,907 shares of company stock worth $8,338,649. 1.02% of the stock is owned by corporate insiders.

About Equitable

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.