Equitable Holdings, Inc. $EQH Shares Acquired by Aviva PLC

Aviva PLC increased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 6.4% in the second quarter, Holdings Channel reports. The firm owned 233,133 shares of the company’s stock after buying an additional 14,104 shares during the period. Aviva PLC’s holdings in Equitable were worth $13,079,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Boston Partners purchased a new position in Equitable during the first quarter worth about $108,264,000. Wellington Management Group LLP boosted its position in shares of 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 during the period. Nuveen LLC acquired a new stake in Equitable in the 1st quarter valued at approximately $99,319,000. Robeco Institutional Asset Management B.V. raised its position in Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after purchasing an additional 1,834,889 shares during the period. Finally, AQR Capital Management LLC raised its position in Equitable by 85.4% in the first quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company’s stock valued at $96,981,000 after purchasing an additional 879,813 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wall Street Zen raised Equitable from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods increased their price target on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Evercore ISI lifted their price objective on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.18.

Insider Buying and Selling at Equitable

In related news, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the sale, the chief financial officer owned 140,258 shares in the company, valued at $7,573,932. This represents a 20.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bertram L. Scott sold 2,600 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the transaction, the director directly owned 26,001 shares in the company, valued at $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 178,958 shares of company stock worth $9,362,262 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Equitable Stock Performance

NYSE:EQH opened at $44.89 on Wednesday. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.14. The firm has a market capitalization of $12.86 billion, a PE ratio of -16.26 and a beta of 1.17. The business’s fifty day moving average price is $50.25 and its 200 day moving average price is $51.97.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.11). Equitable had a positive return on equity of 107.71% and a negative net margin of 5.80%.The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The firm’s quarterly revenue was down 52.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

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.