Equitable Holdings, Inc. $EQH Stock Holdings Lessened by Nordea Investment Management AB

Nordea Investment Management AB cut its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,967,985 shares of the company’s stock after selling 14,805 shares during the period. Nordea Investment Management AB owned about 1.38% of Equitable worth $189,908,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Board of the Pension Protection Fund raised its stake in Equitable by 45.2% during the fourth quarter. Board of the Pension Protection Fund now owns 34,700 shares of the company’s stock worth $1,653,000 after acquiring an additional 10,800 shares during the period. Legacy Wealth Management LLC MS boosted its stake in Equitable by 17.7% in the fourth quarter. Legacy Wealth Management LLC MS now owns 39,240 shares of the company’s stock valued at $1,870,000 after acquiring an additional 5,905 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Equitable during the fourth quarter valued at approximately $274,000. Tudor Investment Corp ET AL acquired a new stake in shares of Equitable during the 3rd quarter worth approximately $233,000. Finally, AIA Group Ltd acquired a new stake in shares of Equitable during the 3rd quarter worth approximately $626,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EQH shares. BMO Capital Markets restated an “outperform” rating on shares of Equitable in a research report on Wednesday, December 17th. Weiss Ratings lowered Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Raymond James Financial set a $60.00 target price on Equitable in a research note on Monday, January 5th. Zacks Research lowered shares of Equitable from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Mizuho set a $65.00 price objective on shares of Equitable in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.64.

Equitable Stock Up 0.2%

EQH opened at $37.31 on Monday. The stock’s 50 day moving average price is $43.07 and its 200 day moving average price is $46.70. The company has a debt-to-equity ratio of 16.42, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market cap of $10.46 billion, a P/E ratio of -7.74, a P/E/G ratio of 0.33 and a beta of 1.12. Equitable Holdings, Inc. has a 12 month low of $36.58 and a 12 month high of $56.61.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, March 4th. Equitable’s dividend payout ratio (DPR) is -22.41%.

Equitable announced that its board has authorized a share repurchase program on Wednesday, February 11th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Equitable

In other Equitable news, insider Nick Lane sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $47.65, for a total transaction of $1,429,500.00. Following the transaction, the insider owned 99,958 shares of the company’s stock, valued at approximately $4,762,998.70. This trade represents a 23.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $46.20, for a total transaction of $1,834,140.00. Following the completion of the sale, the chief executive officer directly owned 652,945 shares of the company’s stock, valued at approximately $30,166,059. This represents a 5.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,490 shares of company stock worth $3,587,184 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.