Equitable Holdings, Inc. $EQH Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd trimmed its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 19.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 709,960 shares of the company’s stock after selling 173,585 shares during the quarter. AustralianSuper Pty Ltd owned 0.24% of Equitable worth $36,052,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in Equitable by 92.6% in the 1st 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. Farther Finance Advisors LLC boosted its stake in shares of Equitable by 118.3% in the second quarter. Farther Finance Advisors LLC now owns 2,532 shares of the company’s stock valued at $142,000 after buying an additional 1,372 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Equitable during the second quarter worth $321,000. BSW Wealth Partners raised its position in Equitable by 5.9% in the second quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock worth $239,000 after acquiring an additional 238 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after acquiring an additional 1,834,889 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $43.14, for a total value of $1,712,658.00. Following the transaction, the chief executive officer owned 676,540 shares of the company’s stock, valued at $29,185,935.60. This trade represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $47.65, for a total value of $323,543.50. Following the completion of the sale, the chief operating officer directly owned 55,023 shares in the company, valued at approximately $2,621,845.95. This trade represents a 10.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 203,770 shares of company stock valued at $9,462,206. Corporate insiders own 1.10% of the company’s stock.

Equitable Price Performance

EQH opened at $46.16 on Thursday. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 11.87. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of -16.72, a PEG ratio of 0.35 and a beta of 1.13. The company has a fifty day simple moving average of $47.14 and a 200 day simple moving average of $49.50.

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

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 24th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, November 24th. Equitable’s dividend payout ratio (DPR) is presently -39.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Equitable from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. BMO Capital Markets reissued an “outperform” rating on shares of Equitable in a report on Wednesday, December 17th. Morgan Stanley dropped their price target on Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Wall Street Zen downgraded Equitable from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, UBS Group lowered their price objective on shares of Equitable from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $62.54.

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.