Equitable Holdings, Inc. $EQH Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in Equitable Holdings, Inc. (NYSE:EQH) by 26.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 508,404 shares of the company’s stock after acquiring an additional 106,733 shares during the quarter. Retirement Systems of Alabama owned about 0.19% of Equitable worth $26,066,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Equitable by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,862 shares of the company’s stock worth $1,531,000 after purchasing an additional 233 shares during the last quarter. J. Safra Sarasin Holding AG boosted its position in Equitable by 1.5% during the first quarter. J. Safra Sarasin Holding AG now owns 19,109 shares of the company’s stock valued at $708,000 after purchasing an additional 290 shares in the last quarter. CX Institutional grew its stake in Equitable by 30.2% in the second quarter. CX Institutional now owns 1,282 shares of the company’s stock valued at $56,000 after purchasing an additional 297 shares during the last quarter. HB Wealth Management LLC grew its stake in Equitable by 4.8% in the second quarter. HB Wealth Management LLC now owns 9,784 shares of the company’s stock valued at $429,000 after purchasing an additional 444 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in Equitable by 0.7% in the first quarter. State of Michigan Retirement System now owns 72,286 shares of the company’s stock valued at $2,683,000 after purchasing an additional 500 shares during the last quarter. 92.70% of the stock is owned by institutional investors.

Equitable Trading Up 0.3%

Shares of NYSE:EQH opened at $55.59 on Wednesday. The business’s 50-day moving average is $53.39 and its 200 day moving average is $46.19. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $56.83. The firm has a market capitalization of $14.82 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.54 and a beta of 1.06. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, November 2nd. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.27. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Equitable had a negative return on equity of 3,089.96% and a net margin of 11.53%. The firm’s revenue was up 167.7% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. On average, research analysts predict that Equitable Holdings, Inc. will post 7.20 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Equitable’s dividend payout ratio is 23.03%.

Insider Activity at Equitable

In other Equitable news, Director Arlene Isaacs-Lowe sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $52.83, for a total transaction of $52,830.00. Following the sale, the director owned 19,763 shares of the company’s stock, valued at approximately $1,044,079.29. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bertram L. Scott sold 2,780 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $54.35, for a total transaction of $151,093.00. Following the transaction, the director owned 23,685 shares in the company, valued at $1,287,279.75. The trade was a 10.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,703 shares of company stock valued at $1,106,964. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EQH shares. Wells Fargo & Company increased their price target on shares of Equitable from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Weiss Ratings raised shares of Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Evercore reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Equitable in a research report on Thursday, August 20th. Truist Financial boosted their price objective on shares of Equitable from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $65.00 target price on shares of Equitable in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.33.

Equitable Company Profile

Equitable Holdings, Inc. is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions. The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.