MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Decreases Stock Position in Equitable Holdings, Inc. $EQH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 75.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 59,587 shares of the company’s stock after selling 178,382 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Equitable were worth $3,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. raised its stake in shares of Equitable by 310.2% in the first quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company’s stock worth $904,000 after purchasing an additional 13,120 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Equitable in the first quarter worth about $252,000. Diversified Trust Co raised its stake in shares of Equitable by 51.5% in the first quarter. Diversified Trust Co now owns 42,276 shares of the company’s stock worth $2,202,000 after purchasing an additional 14,380 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Equitable in the first quarter worth about $255,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Equitable by 15.1% in the first quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company’s stock worth $8,047,000 after purchasing an additional 20,317 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equitable

In related news, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $54.09, for a total transaction of $367,271.10. Following the transaction, the chief operating officer owned 88,678 shares in the company, valued at approximately $4,796,593.02. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bertram L. Scott sold 2,600 shares of Equitable stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the transaction, the director owned 26,001 shares in the company, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,468 shares of company stock worth $10,250,470. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Wells Fargo & Company dropped their target price on Equitable from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Morgan Stanley dropped their target price on Equitable from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Wolfe Research raised Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods raised their target price on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $64.55.

Equitable Stock Down 2.5%

Shares of EQH opened at $52.69 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. Equitable Holdings, Inc. has a 12 month low of $40.81 and a 12 month high of $56.61. The stock’s 50 day moving average is $52.85 and its two-hundred day moving average is $52.12. The firm has a market cap of $15.78 billion, a P/E ratio of 42.49 and a beta of 1.16.

Equitable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Equitable’s dividend payout ratio (DPR) is 87.10%.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.