Equitable Holdings, Inc. $EQH Stock Position Decreased by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in Equitable Holdings, Inc. (NYSE:EQH) by 55.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,200 shares of the company’s stock after selling 108,785 shares during the quarter. WINTON GROUP Ltd’s holdings in Equitable were worth $3,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Johnson Financial Group Inc. purchased a new position in Equitable during the third quarter valued at approximately $26,000. Root Financial Partners LLC lifted its position in shares of Equitable by 64.1% in the first quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after buying an additional 347 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Equitable during the 2nd quarter worth $33,000. Covestor Ltd raised its holdings in Equitable by 124.7% in the 4th quarter. Covestor Ltd now owns 728 shares of the company’s stock worth $35,000 after acquiring an additional 404 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Equitable in the third quarter worth about $38,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EQH shares. Weiss Ratings cut shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Wolfe Research cut shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. UBS Group lifted their price objective on Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Jefferies Financial Group upped their target price on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company increased their price target on shares of Equitable from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.75.

Insider Buying and Selling

In other news, CAO William Eckert, IV sold 947 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.88, for a total transaction of $50,077.36. Following the completion of the transaction, the chief accounting officer directly owned 8,419 shares of the company’s stock, valued at $445,196.72. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig MacKay sold 2,200 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total value of $113,014.00. Following the transaction, the director owned 18,999 shares of the company’s stock, valued at approximately $975,978.63. The trade was a 10.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 121,794 shares of company stock valued at $5,844,301. Corporate insiders own 1.00% of the company’s stock.

Equitable Stock Up 0.8%

Shares of EQH stock opened at $52.52 on Friday. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.15. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75. The firm has a fifty day moving average of $49.67 and a 200-day moving average of $44.03. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -15.87, a P/E/G ratio of 0.51 and a beta of 1.10.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The firm’s revenue was down 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. As a group, equities research analysts predict that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, August 3rd. Equitable’s payout ratio is -36.25%.

About Equitable

Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.

The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.

The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.