Nisa Investment Advisors LLC Sells 3,628 Shares of Equitable Holdings, Inc. $EQH

Nisa Investment Advisors LLC trimmed its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 9.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,293 shares of the company’s stock after selling 3,628 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Equitable were worth $1,980,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of EQH. Boston Partners bought a new stake in Equitable during the 1st quarter worth approximately $108,264,000. Wellington Management Group LLP increased its stake in Equitable by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock worth $566,662,000 after purchasing an additional 2,061,496 shares in the last quarter. Nuveen LLC bought a new stake in Equitable during the 1st quarter worth approximately $99,319,000. Robeco Institutional Asset Management B.V. increased its stake in Equitable by 553.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock worth $121,553,000 after purchasing an additional 1,834,889 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Equitable by 85.4% during the 1st quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company’s stock worth $96,981,000 after purchasing an additional 879,813 shares in the last quarter. 92.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $48.99, for a total value of $332,642.10. Following the completion of the sale, the chief operating officer owned 75,098 shares of the company’s stock, valued at approximately $3,679,051.02. This represents a 8.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $48.17, for a total value of $1,912,349.00. Following the completion of the sale, the chief executive officer directly owned 689,040 shares of the company’s stock, valued at approximately $33,191,056.80. The trade was a 5.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 178,958 shares of company stock worth $9,362,262. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EQH shares. JPMorgan Chase & Co. increased their target price on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Evercore ISI raised their price target on shares of Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. Wall Street Zen cut shares of Equitable from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Wells Fargo & Company raised their price target on shares of Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Equitable Trading Up 1.3%

NYSE EQH opened at $48.26 on Friday. The company has a market cap of $14.46 billion, a PE ratio of 38.92 and a beta of 1.10. 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 $41.39 and a 12 month high of $56.61. The stock has a 50 day moving average of $51.36 and a 200-day moving average of $51.97.

Equitable Company 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.