Equitable Holdings, Inc. (NYSE:EQH) Receives $61.75 Average Price Target from Brokerages

Shares of Equitable Holdings, Inc. (NYSE:EQH) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $61.75.

Several analysts have commented on the stock. Barclays raised their price objective on shares of Equitable from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their target price on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. lowered their target price on Equitable from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Evercore restated an “outperform” rating and set a $66.00 price target on shares of Equitable in a research report on Thursday, August 20th.

Insider Activity

In related news, Director Craig C. Mackay sold 2,200 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total value of $113,014.00. Following the completion of the transaction, the director directly owned 18,999 shares in the company, valued at $975,978.63. This trade represents a 10.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles G.T. Stonehill sold 7,500 shares of Equitable stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $51.54, for a total transaction of $386,550.00. Following the transaction, the director directly owned 34,357 shares of the company’s stock, valued at approximately $1,770,759.78. This trade represents a 17.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 114,541 shares of company stock worth $5,357,784. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Equitable

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in shares of Equitable in the 3rd quarter worth approximately $26,000. Root Financial Partners LLC increased its position in Equitable by 64.1% during the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock valued at $33,000 after buying an additional 347 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Equitable during the second quarter valued at $33,000. Covestor Ltd raised its stake in Equitable by 124.7% during the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after buying an additional 404 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Equitable in the third quarter worth $38,000. Institutional investors own 92.70% of the company’s stock.

Equitable Stock Down 0.3%

Shares of NYSE EQH opened at $48.90 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. Equitable has a 12 month low of $35.19 and a 12 month high of $55.15. The firm has a market capitalization of $13.35 billion, a PE ratio of -14.77, a price-to-earnings-growth ratio of 0.48 and a beta of 1.09. The firm has a fifty day simple moving average of $48.03 and a two-hundred day simple moving average of $43.46.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period last year, the company posted $1.10 EPS. The company’s quarterly revenue was down 29.8% compared to the same quarter last year. Equities analysts expect that Equitable will post 7.16 earnings per share for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.5%. Equitable’s dividend payout ratio (DPR) is currently -36.25%.

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.