Equitable (NYSE:EQH) Insider Nick Lane Sells 30,000 Shares

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $47.65, for a total transaction of $1,429,500.00. Following the completion of the sale, the insider owned 99,958 shares in the company, valued at $4,762,998.70. The trade was a 23.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Thursday, December 18th, Nick Lane sold 30,000 shares of Equitable stock. The stock was sold at an average price of $47.87, for a total value of $1,436,100.00.

Equitable Stock Performance

Shares of NYSE EQH traded down $0.51 during midday trading on Friday, reaching $46.80. 2,571,716 shares of the company traded hands, compared to its average volume of 2,396,885. The company has a market cap of $13.41 billion, a price-to-earnings ratio of -16.96 and a beta of 1.13. The stock has a 50-day moving average price of $46.84 and a 200 day moving average price of $50.08. Equitable Holdings, Inc. has a 52 week low of $41.39 and a 52 week high of $56.61. 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 released its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The firm’s quarterly revenue was down 52.8% compared to the same quarter last year. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

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

Analyst Ratings Changes

EQH has been the topic of several recent research reports. Evercore ISI raised 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. Mizuho set a $65.00 target price on shares of Equitable in a research report on Wednesday. Barclays set a $58.00 target price on Equitable in a report on Thursday, January 8th. Wells Fargo & Company lowered their price objective on Equitable from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $62.54.

Institutional Trading of Equitable

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Equitable in the second quarter worth $703,060,000. Capital International Investors lifted its holdings in shares of Equitable by 49.5% during the 3rd quarter. Capital International Investors now owns 11,012,837 shares of the company’s stock worth $559,232,000 after acquiring an additional 3,645,301 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in Equitable in the third quarter valued at about $101,547,000. Robeco Institutional Asset Management B.V. increased its stake in Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after acquiring an additional 1,834,889 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Equitable by 26.4% during the second quarter. Geode Capital Management LLC now owns 7,428,619 shares of the company’s stock worth $415,786,000 after purchasing an additional 1,551,551 shares during the period. 92.70% of the stock is currently owned by institutional investors.

Equitable Company 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.