Livforsakringsbolaget Skandia Omsesidigt Has $1.88 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQHGet Rating) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,900 shares of the company’s stock after selling 900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Equitable were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in Equitable by 10.3% during the 1st quarter. M&T Bank Corp now owns 12,313 shares of the company’s stock worth $381,000 after buying an additional 1,145 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Equitable by 19.1% in the 1st quarter. Principal Financial Group Inc. now owns 60,685 shares of the company’s stock valued at $1,876,000 after purchasing an additional 9,713 shares during the period. Toronto Dominion Bank lifted its stake in shares of Equitable by 7.7% in the 1st quarter. Toronto Dominion Bank now owns 74,004 shares of the company’s stock valued at $2,287,000 after purchasing an additional 5,287 shares during the period. Bank of Nova Scotia lifted its stake in shares of Equitable by 1,244.9% in the 1st quarter. Bank of Nova Scotia now owns 465,149 shares of the company’s stock valued at $14,378,000 after purchasing an additional 430,562 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of Equitable by 35.9% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 12,500 shares of the company’s stock valued at $386,000 after purchasing an additional 3,300 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EQH shares. Morgan Stanley boosted their price objective on Equitable from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Citigroup boosted their price objective on Equitable from $37.00 to $38.00 in a research note on Wednesday, November 16th. Jefferies Financial Group downgraded Equitable from a “buy” rating to a “hold” rating and dropped their price objective for the company from $36.00 to $34.00 in a research note on Friday. Wells Fargo & Company dropped their price target on Equitable from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 12th. Finally, Royal Bank of Canada downgraded Equitable from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $34.00 to $33.00 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.33.

Equitable Stock Performance

Shares of EQH opened at $30.42 on Friday. The stock has a 50 day moving average price of $29.73 and a two-hundred day moving average price of $28.80. The firm has a market capitalization of $11.26 billion, a P/E ratio of 4.25 and a beta of 1.43. Equitable Holdings, Inc. has a 52 week low of $24.61 and a 52 week high of $37.13.

Equitable (NYSE:EQHGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.15. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.21 billion. On average, equities analysts forecast that Equitable Holdings, Inc. will post 5.3 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Friday, November 25th. Equitable’s dividend payout ratio is currently 11.19%.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $30.05, for a total value of $901,500.00. Following the completion of the transaction, the chief executive officer now directly owns 435,307 shares of the company’s stock, valued at $13,080,975.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 90,000 shares of company stock valued at $2,707,800. Corporate insiders own 0.98% of the company’s stock.

Equitable Profile

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Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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