Securian Asset Management Inc. Decreases Stock Holdings in Equitable Holdings, Inc. $EQH

Securian Asset Management Inc. lowered its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,143 shares of the company’s stock after selling 393 shares during the period. Securian Asset Management Inc.’s holdings in Equitable were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of EQH. WPG Advisers LLC purchased a new stake in shares of Equitable in the first quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in shares of Equitable in the first quarter valued at about $33,000. Geneos Wealth Management Inc. lifted its holdings in shares of Equitable by 92.6% in the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after purchasing an additional 424 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of Equitable in the second quarter valued at about $75,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Equitable in the first quarter valued at about $80,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Activity at Equitable

In related news, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the transaction, the chief financial officer owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $48.17, for a total transaction of $1,912,349.00. Following the transaction, the chief executive officer directly owned 689,040 shares of the company’s stock, valued at $33,191,056.80. This trade represents a 5.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,958 shares of company stock worth $9,362,262. 1.10% of the stock is currently owned by company insiders.

Equitable Stock Performance

NYSE:EQH opened at $48.70 on Friday. The firm has a 50 day simple moving average of $51.79 and a 200-day simple moving average of $51.87. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market cap of $14.59 billion, a PE ratio of 39.27 and a beta of 1.10. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Equitable from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Wolfe Research raised shares of Equitable to a “strong-buy” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Barclays reissued an “overweight” rating and issued a $63.00 price objective on shares of Equitable in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Equitable has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

Equitable Company 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.