Equitable (NYSE:EQH) Director Arlene Isaacs-Lowe Sells 1,000 Shares

Equitable Holdings, Inc. (NYSE:EQH) Director Arlene Isaacs-Lowe sold 1,000 shares of Equitable stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $52.83, for a total transaction of $52,830.00. Following the completion of the sale, the director directly owned 19,763 shares in the company, valued at $1,044,079.29. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Equitable Price Performance

Shares of NYSE EQH opened at $52.85 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. The stock has a fifty day simple moving average of $49.03 and a two-hundred day simple moving average of $43.82. Equitable Holdings, Inc. has a 1-year low of $35.19 and a 1-year high of $55.15. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of -15.97, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10.

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

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.3%. Equitable’s dividend payout ratio is -36.25%.

Hedge Funds Weigh In On Equitable

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Equitable during the 2nd quarter worth approximately $1,136,305,000. Price T Rowe Associates Inc. MD grew its position in shares of Equitable by 7.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,258,124 shares of the company’s stock valued at $822,351,000 after purchasing an additional 1,132,861 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Equitable by 2,696.7% during the 2nd quarter. California State Teachers Retirement System now owns 14,272,760 shares of the company’s stock valued at $626,289,000 after purchasing an additional 13,762,414 shares in the last quarter. Capital International Investors increased its holdings in shares of Equitable by 23.0% in the fourth quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock worth $645,449,000 after purchasing an additional 2,532,791 shares during the period. Finally, Norges Bank bought a new stake in shares of Equitable during the 4th quarter valued at about $550,995,000. 92.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQH has been the subject of several recent research reports. Zacks Research upgraded shares of Equitable from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Mizuho set a $68.00 price objective on shares of Equitable in a report on Thursday, August 6th. Jefferies Financial Group lifted their price objective on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings cut shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Evercore restated an “outperform” rating and set a $66.00 target price on shares of Equitable in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

About Equitable

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.