Kintayl Capital LP Makes New $5.89 Million Investment in Equitable Holdings, Inc. $EQH

Kintayl Capital LP bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) in the 2nd quarter, Holdings Channel reports. The firm bought 134,260 shares of the company’s stock, valued at approximately $5,891,000. Equitable makes up 2.3% of Kintayl Capital LP’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares during the period. Jump Financial LLC purchased a new stake in Equitable in the second quarter worth $1,712,000. Gamco Investors INC. ET AL bought a new stake in shares of Equitable during the second quarter worth $1,133,000. Qube Research & Technologies Ltd boosted its stake in shares of Equitable by 1,126.5% during the second quarter. Qube Research & Technologies Ltd now owns 291,126 shares of the company’s stock valued at $16,332,000 after purchasing an additional 267,389 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Equitable by 45.8% during the second quarter. Sei Investments Co. now owns 626,017 shares of the company’s stock valued at $35,120,000 after purchasing an additional 196,729 shares during the period. Institutional investors own 92.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director Craig C. Mackay sold 2,200 shares of Equitable stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 $975,978.63. The trade was a 10.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles G.T. Stonehill sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $51.54, for a total transaction of $386,550.00. Following the transaction, the director 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 114,541 shares of company stock worth $5,357,784. Insiders own 1.00% of the company’s stock.

Equitable Trading Down 0.3%

Shares of NYSE EQH opened at $48.90 on Wednesday. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $13.35 billion, a P/E ratio of -14.77, a price-to-earnings-growth ratio of 0.48 and a beta of 1.09. Equitable Holdings, Inc. has a 1-year low of $35.19 and a 1-year high of $55.15. The business has a fifty day moving average price of $48.03 and a 200 day moving average price of $43.46.

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

Equitable Announces Dividend

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 2.5%. The ex-dividend date was Monday, August 3rd. Equitable’s dividend payout ratio (DPR) is currently -36.25%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Wolfe Research downgraded shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Barclays boosted their price target on Equitable from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Mizuho set a $68.00 price objective on Equitable in a research note on Thursday, August 6th. Finally, Wells Fargo & Company raised their price objective on Equitable from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.75.

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.