Diversified Trust Co Decreases Stock Holdings in Equitable Holdings, Inc. $EQH

Diversified Trust Co lowered its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 45.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,145 shares of the company’s stock after selling 19,032 shares during the period. Diversified Trust Co’s holdings in Equitable were worth $859,000 as of its most recent SEC filing.

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

Insider Transactions at Equitable

In other news, CAO William James Iv Eckert sold 7,300 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.48, for a total value of $310,104.00. Following the completion of the transaction, the chief accounting officer directly owned 15,506 shares in the company, valued at approximately $658,694.88. This represents a 32.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $40.44, for a total value of $404,400.00. Following the transaction, the insider directly owned 124,218 shares in the company, valued at approximately $5,023,375.92. This represents a 7.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 216,919 shares of company stock valued at $9,118,088 over the last quarter. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

EQH has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Equitable from $59.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Barclays increased their price objective on Equitable from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Evercore set a $63.00 target price on Equitable and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their target price on Equitable from $51.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Mizuho upped their price target on Equitable from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.64.

Equitable Trading Down 3.5%

Shares of Equitable stock opened at $43.36 on Thursday. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.11 and a quick ratio of 0.11. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $56.61. The firm has a market cap of $12.21 billion, a PE ratio of -15.27, a PEG ratio of 0.49 and a beta of 1.10. The company has a 50 day simple moving average of $42.33 and a two-hundred day simple moving average of $43.12.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, May 4th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts expect that Equitable Holdings, Inc. will post 7.07 earnings per share for the current fiscal year.

Equitable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. This is an increase from Equitable’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, June 1st. Equitable’s dividend payout ratio is presently -42.25%.

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.