Nisa Investment Advisors LLC Has $1.98 Million Stock Holdings in Equitable Holdings, Inc. $EQH

Nisa Investment Advisors LLC decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 9.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 35,293 shares of the company’s stock after selling 3,628 shares during the period. Nisa Investment Advisors LLC’s holdings in Equitable were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. BSW Wealth Partners lifted its holdings in Equitable by 5.9% during the 2nd quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock valued at $239,000 after purchasing an additional 238 shares during the last quarter. UMB Bank n.a. increased its position in Equitable by 6.6% during the 2nd quarter. UMB Bank n.a. now owns 4,510 shares of the company’s stock worth $253,000 after buying an additional 281 shares during the period. Mutual Advisors LLC increased its position in Equitable by 5.3% during the 1st quarter. Mutual Advisors LLC now owns 6,367 shares of the company’s stock worth $316,000 after buying an additional 319 shares during the period. PDS Planning Inc increased its position in Equitable by 9.3% during the 2nd quarter. PDS Planning Inc now owns 4,829 shares of the company’s stock worth $271,000 after buying an additional 411 shares during the period. Finally, Ascent Group LLC increased its position in Equitable by 6.6% during the 1st quarter. Ascent Group LLC now owns 6,874 shares of the company’s stock worth $358,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Up 1.3%

Shares of NYSE EQH opened at $48.26 on Friday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. Equitable Holdings, Inc. has a 52 week low of $41.39 and a 52 week high of $56.61. The stock has a market capitalization of $14.46 billion, a P/E ratio of 38.92 and a beta of 1.10. The stock’s fifty day moving average is $51.36 and its 200 day moving average is $51.97.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Equitable from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Evercore ISI increased their price objective on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company increased their price objective on Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Morgan Stanley lowered their price objective on Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Wolfe Research upgraded Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Insider Buying and Selling

In related news, Director Bertram L. Scott sold 2,600 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the transaction, the director owned 26,001 shares in the company, valued at approximately $1,348,411.86. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robin M. Raju sold 36,888 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer directly owned 140,258 shares of the company’s stock, valued at approximately $7,573,932. The trade was a 20.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 178,958 shares of company stock worth $9,362,262 over the last three months. Company insiders own 1.10% of the company’s stock.

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.