Equitable Holdings, Inc. $EQH Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 96.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,222 shares of the company’s stock after selling 32,960 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Equitable were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EQH. Johnson Financial Group Inc. acquired a new stake in Equitable in the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in Equitable in the 3rd quarter valued at about $36,000. Hilltop National Bank acquired a new stake in Equitable in the 3rd quarter valued at about $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in Equitable in the 3rd quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. raised its position 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. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EQH shares. Zacks Research lowered Equitable from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Equitable in a research report on Wednesday, December 17th. The Goldman Sachs Group set a $60.00 price target on Equitable in a research report on Monday, January 5th. Weiss Ratings lowered Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial set a $60.00 price target on Equitable in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Equitable Trading Up 1.7%

EQH opened at $38.43 on Tuesday. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $56.61. The company has a market cap of $10.77 billion, a P/E ratio of -7.97, a PEG ratio of 0.35 and a beta of 1.11. The company has a debt-to-equity ratio of 16.42, a quick ratio of 0.13 and a current ratio of 0.13. The business’s 50-day simple moving average is $41.06 and its 200-day simple moving average is $45.46.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.8%. Equitable’s dividend payout ratio is presently -22.41%.

Equitable declared that its board has initiated a share repurchase program on Wednesday, February 11th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Nick Lane sold 30,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $47.65, for a total value of $1,429,500.00. Following the transaction, the insider owned 99,958 shares in the company, valued at approximately $4,762,998.70. This represents a 23.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $46.20, for a total value of $1,834,140.00. Following the completion of the transaction, the chief executive officer owned 652,945 shares in the company, valued at approximately $30,166,059. The trade was a 5.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 76,490 shares of company stock worth $3,587,184. 1.10% of the stock is currently owned by insiders.

About Equitable

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.