Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $48.54, for a total value of $1,927,038.00. Following the completion of the sale, the chief executive officer owned 753,403 shares of the company’s stock, valued at approximately $36,570,181.62. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Pearson also recently made the following trade(s):
- On Thursday, June 18th, Mark Pearson sold 39,700 shares of Equitable stock. The shares were sold at an average price of $45.28, for a total value of $1,797,616.00.
Equitable Stock Up 1.6%
Shares of NYSE EQH opened at $49.38 on Wednesday. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.24. The firm’s 50-day simple moving average is $44.77 and its 200 day simple moving average is $42.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75. The company has a market cap of $13.48 billion, a price-to-earnings ratio of -17.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.
Equitable Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. Equitable’s dividend payout ratio (DPR) is currently -42.25%.
Institutional Trading of Equitable
Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Equitable by 7.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,258,124 shares of the company’s stock valued at $822,351,000 after purchasing an additional 1,132,861 shares during the period. Capital International Investors increased its holdings in Equitable by 23.0% in the fourth quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock valued at $645,449,000 after purchasing an additional 2,532,791 shares during the last quarter. Norges Bank bought a new stake in Equitable in the fourth quarter valued at about $550,995,000. Thornburg Investment Management Inc. lifted its stake in Equitable by 0.5% in the fourth quarter. Thornburg Investment Management Inc. now owns 4,889,730 shares of the company’s stock valued at $232,996,000 after buying an additional 22,087 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Equitable by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,822,908 shares of the company’s stock valued at $229,812,000 after buying an additional 193,640 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on EQH shares. JPMorgan Chase & Co. reduced their price objective on Equitable from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group boosted their target price on Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings raised Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Zacks Research upgraded Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Barclays lowered their price objective on Equitable from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.08.
Read Our Latest Stock Report on Equitable
About Equitable
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.
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