Caisse Des Depots ET Consignations Has $3.67 Million Stock Position in Equitable Holdings, Inc. $EQH

Caisse Des Depots ET Consignations cut its position in Equitable Holdings, Inc. (NYSE:EQH) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,198 shares of the company’s stock after selling 37,708 shares during the period. Caisse Des Depots ET Consignations’ holdings in Equitable were worth $3,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in Equitable by 180.7% during the third quarter. Truist Financial Corp now owns 32,820 shares of the company’s stock worth $1,667,000 after buying an additional 21,127 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in Equitable by 26.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 241,175 shares of the company’s stock worth $12,616,000 after acquiring an additional 50,455 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Equitable by 18.3% in the 2nd quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company’s stock worth $223,168,000 after acquiring an additional 615,314 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Equitable in the third quarter valued at about $1,684,000. Finally, Algebris UK Ltd. lifted its position in shares of Equitable by 28.6% during the third quarter. Algebris UK Ltd. now owns 712,460 shares of the company’s stock valued at $36,151,000 after purchasing an additional 158,488 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Trading Down 2.4%

Shares of EQH opened at $44.55 on Thursday. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The business has a 50-day moving average of $47.08 and a 200 day moving average of $49.00. The firm has a market cap of $12.77 billion, a P/E ratio of -9.24, a price-to-earnings-growth ratio of 0.35 and a beta of 1.12. The company has a debt-to-equity ratio of 16.42, a quick ratio of 0.13 and a current ratio of 0.10.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. Equitable’s payout ratio is -22.41%.

Equitable declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 11th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EQH shares. The Goldman Sachs Group set a $60.00 price objective on shares of Equitable in a research report on Monday, January 5th. Mizuho set a $65.00 target price on Equitable in a report on Wednesday, January 14th. Raymond James Financial set a $60.00 price target on Equitable in a research report on Monday, January 5th. Wall Street Zen cut Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Wells Fargo & Company reduced their price objective on Equitable from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.42.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $47.65, for a total transaction of $323,543.50. Following the sale, the chief operating officer owned 55,023 shares in the company, valued at $2,621,845.95. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO William James Iv Eckert sold 4,300 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $47.27, for a total value of $203,261.00. Following the completion of the transaction, the chief accounting officer directly owned 15,625 shares of the company’s stock, valued at $738,593.75. The trade was a 21.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 203,770 shares of company stock valued at $9,462,206. 1.10% of the stock is 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.