Equitable Holdings, Inc. (NYSE:EQH) to Issue Quarterly Dividend of $0.30

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Monday, November 23rd will be given a dividend of $0.30 per share on Monday, November 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 23rd.

Equitable has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equitable to earn $8.84 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.6%.

Equitable Stock Down 0.5%

EQH stock traded down $0.30 during trading hours on Wednesday, hitting $55.23. The company’s stock had a trading volume of 260,909 shares, compared to its average volume of 3,428,948. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75. The company has a market capitalization of $14.73 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.54 and a beta of 1.06. Equitable has a 12 month low of $35.19 and a 12 month high of $56.83. The stock has a 50 day moving average price of $53.39 and a two-hundred day moving average price of $46.19.

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

Insider Activity at Equitable

In other Equitable news, Director Arlene Isaacs-Lowe sold 1,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $52.83, for a total value of $52,830.00. Following the sale, the director owned 19,763 shares of the company’s stock, valued at $1,044,079.29. The trade was a 4.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Craig C. Mackay sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $54.27, for a total transaction of $108,540.00. Following the transaction, the director owned 16,999 shares of the company’s stock, valued at approximately $922,535.73. This represents a 10.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,703 shares of company stock valued at $1,106,964. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Equitable

A number of hedge funds have recently made changes to their positions in EQH. BlackRock Inc. bought a new stake in Equitable during the second quarter worth about $1,136,305,000. Canada Pension Plan Investment Board bought a new position in shares of Equitable in the second quarter valued at approximately $399,576,000. Pzena Investment Management LLC acquired a new position in shares of Equitable in the 2nd quarter worth approximately $244,052,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Equitable in the 2nd quarter worth approximately $208,146,000. Finally, Conifer Management L.L.C. bought a new stake in Equitable during the 2nd quarter worth approximately $184,296,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

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.