Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its position in Equitable Holdings, Inc. (NYSE:EQH) by 62.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,008 shares of the company’s stock after selling 11,422 shares during the quarter. Aigen Investment Management LP’s holdings in Equitable were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in shares of Equitable by 24,432.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after purchasing an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable in the second quarter worth $110,176,000. Samlyn Capital LLC purchased a new position in shares of Equitable in the 2nd quarter valued at $63,334,000. Principal Financial Group Inc. lifted its stake in shares of Equitable by 57.8% during the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Equitable during the 1st quarter valued at about $27,237,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley dropped their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Citigroup upped their target price on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Barclays lifted their price target on Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their price objective on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Truist Financial lifted their target price on Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.70.

Equitable Stock Down 0.4 %

Shares of Equitable stock opened at $47.44 on Friday. Equitable Holdings, Inc. has a 12-month low of $27.74 and a 12-month high of $50.51. The stock’s fifty day moving average is $43.97 and its 200-day moving average is $41.81. The firm has a market capitalization of $14.86 billion, a PE ratio of -43.52 and a beta of 1.40. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the firm posted $1.15 earnings per share. Equitable’s revenue was down 15.1% compared to the same quarter last year. Equities analysts anticipate that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Insider Activity at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at $27,263,672.90. This trade represents a 4.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,166 shares of company stock valued at $4,286,705. Insiders own 1.10% of the company’s stock.

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.