AustralianSuper Pty Ltd Has $36.05 Million Stock Position in Equitable Holdings, Inc. $EQH

AustralianSuper Pty Ltd decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 19.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 709,960 shares of the company’s stock after selling 173,585 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Equitable were worth $36,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EQH. True Wealth Design LLC grew its holdings in Equitable by 592.6% during the second quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 480 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Equitable in the third quarter worth $36,000. Hilltop National Bank bought a new position in Equitable during the third quarter worth $37,000. Geneos Wealth Management Inc. boosted its holdings in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 424 shares during the period. Finally, MAI Capital Management grew its position in Equitable by 64.0% in the 2nd quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $47.65, for a total transaction of $323,543.50. Following the completion of the sale, the chief operating officer owned 55,023 shares in the company, valued at approximately $2,621,845.95. The trade was a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 4,300 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total value of $203,261.00. Following the completion of the transaction, the chief accounting officer directly owned 15,625 shares in the company, valued at approximately $738,593.75. This trade represents a 21.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 203,770 shares of company stock valued at $9,462,206. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EQH shares. The Goldman Sachs Group set a $60.00 price target on Equitable in a research note on Monday, January 5th. Evercore ISI upped their target price on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. upgraded shares of Equitable from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $64.00 to $60.00 in a research note on Monday, January 5th. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Raymond James Financial set a $60.00 target price on shares of Equitable in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Equitable has an average rating of “Moderate Buy” and an average price target of $62.54.

Equitable Stock Up 0.5%

Shares of EQH opened at $46.16 on Thursday. The company has a market capitalization of $13.23 billion, a P/E ratio of -16.72, a PEG ratio of 0.35 and a beta of 1.13. Equitable Holdings, Inc. has a one year low of $41.39 and a one year high of $56.61. The business’s 50 day simple moving average is $47.14 and its 200-day simple moving average is $49.50. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, November 4th. The company reported $1.48 EPS 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $1.58 EPS. Equitable’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 24th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, November 24th. Equitable’s payout ratio is -39.13%.

Equitable 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.