Acadian Asset Management LLC Has $291.88 Million Holdings in Equitable Holdings, Inc. $EQH

Acadian Asset Management LLC decreased its position in Equitable Holdings, Inc. (NYSE:EQH) by 10.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,203,375 shares of the company’s stock after selling 585,763 shares during the period. Acadian Asset Management LLC owned approximately 1.72% of Equitable worth $291,884,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EQH. WPG Advisers LLC bought a new stake in Equitable in the first quarter worth approximately $27,000. True Wealth Design LLC grew its holdings in Equitable by 592.6% in the second quarter. True Wealth Design LLC now owns 561 shares of the company’s stock worth $31,000 after purchasing an additional 480 shares during the period. Orion Capital Management LLC acquired a new stake in Equitable in the first quarter worth $33,000. Geneos Wealth Management Inc. increased its stake in Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 424 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Equitable during the second quarter valued at about $73,000. Institutional investors own 92.70% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $48.17, for a total value of $1,912,349.00. Following the completion of the transaction, the chief executive officer directly owned 689,040 shares of the company’s stock, valued at $33,191,056.80. This represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the transaction, the chief operating officer directly owned 75,098 shares in the company, valued at approximately $3,679,051.02. This represents a 8.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 178,958 shares of company stock worth $9,362,262 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Equitable Stock Performance

Shares of EQH stock opened at $45.28 on Friday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.10 and a quick ratio of 0.14. The firm has a 50-day moving average of $50.58 and a 200-day moving average of $52.02. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61. The company has a market cap of $13.56 billion, a P/E ratio of -16.41 and a beta of 1.17.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.11). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The firm’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reduced their target price on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Barclays reissued an “overweight” rating and issued a $63.00 price target on shares of Equitable in a research report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus price target of $64.18.

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.