MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 998,059 Shares of Equitable Holdings, Inc. (NYSE:EQH)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 68.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 454,717 shares of the company’s stock after selling 998,059 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Equitable were worth $15,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Equitable during the fourth quarter worth $1,144,000. Blue Trust Inc. boosted its position in Equitable by 126.2% during the fourth quarter. Blue Trust Inc. now owns 1,262 shares of the company’s stock valued at $42,000 after acquiring an additional 704 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Equitable during the fourth quarter valued at $894,000. Assenagon Asset Management S.A. boosted its position in Equitable by 24.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 194,571 shares of the company’s stock valued at $6,479,000 after acquiring an additional 38,233 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Equitable during the fourth quarter valued at $1,573,000. 92.70% of the stock is currently owned by institutional investors.

Equitable Trading Up 0.1 %

NYSE EQH traded up $0.04 during trading hours on Friday, hitting $38.01. The company’s stock had a trading volume of 1,636,862 shares, compared to its average volume of 2,986,701. Equitable Holdings, Inc. has a 52 week low of $21.89 and a 52 week high of $38.32. The company has a market capitalization of $12.53 billion, a PE ratio of 11.25 and a beta of 1.41. The company’s 50-day simple moving average is $34.43 and its two-hundred day simple moving average is $31.38.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. Research analysts anticipate that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 2.32%. Equitable’s payout ratio is 26.04%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 60,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $33.07, for a total value of $1,984,200.00. Following the completion of the sale, the chief executive officer now owns 639,625 shares in the company, valued at approximately $21,152,398.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Equitable news, insider Nick Lane sold 10,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.29, for a total value of $322,900.00. Following the completion of the sale, the insider now owns 154,132 shares in the company, valued at approximately $4,976,922.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Pearson sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $33.07, for a total transaction of $1,984,200.00. Following the sale, the chief executive officer now owns 639,625 shares of the company’s stock, valued at approximately $21,152,398.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 241,938 shares of company stock worth $8,067,472. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

EQH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut shares of Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, December 5th. JPMorgan Chase & Co. cut shares of Equitable from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Jefferies Financial Group increased their price objective on shares of Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, UBS Group increased their price objective on shares of Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.