Equitable (NYSE:EQH – Get Free Report) had its price objective increased by investment analysts at Truist Financial from $60.00 to $65.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial‘s target price would indicate a potential upside of 17.30% from the stock’s previous close.
A number of other analysts have also issued reports on EQH. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $66.00 price target on shares of Equitable in a report on Thursday, August 20th. Weiss Ratings raised shares of Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Mizuho decreased their target price on Equitable from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Finally, Barclays raised their price objective on Equitable from $52.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.33.
Check Out Our Latest Stock Report on Equitable
Equitable Trading Up 0.3%
Shares of EQH stock traded up $0.17 during trading hours on Wednesday, reaching $55.41. 677,263 shares of the stock traded hands, compared to its average volume of 3,462,884. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75. The firm has a market capitalization of $15.13 billion, a PE ratio of 10.64, a PEG ratio of 0.53 and a beta of 1.06. Equitable has a 1-year low of $35.19 and a 1-year high of $56.83. The business has a fifty day moving average price of $52.92 and a 200 day moving average price of $45.98.
Equitable (NYSE:EQH – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.27. Equitable had a net margin of 11.53% and a return on equity of 636.12%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.48 EPS. The company’s revenue was up 167.7% on a year-over-year basis. On average, equities research analysts forecast that Equitable will post 7.16 EPS for the current year.
Insider Buying and Selling at Equitable
In other Equitable news, Director Bertram Scott sold 2,780 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $54.35, for a total transaction of $151,093.00. Following the sale, the director owned 23,685 shares of the company’s stock, valued at $1,287,279.75. This represents a 10.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig MacKay sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total transaction of $113,014.00. Following the sale, the director directly owned 18,999 shares in the company, valued at $975,978.63. This trade represents a 10.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,816 shares of company stock worth $1,731,591 over the last quarter. Corporate insiders own 1.00% of the company’s stock.
Institutional Trading of Equitable
Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in Equitable by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 29,862 shares of the company’s stock worth $1,531,000 after acquiring an additional 233 shares in the last quarter. J. Safra Sarasin Holding AG increased its position in shares of Equitable by 1.5% during the 1st quarter. J. Safra Sarasin Holding AG now owns 19,109 shares of the company’s stock worth $708,000 after purchasing an additional 290 shares during the last quarter. CX Institutional raised its position in Equitable by 30.2% during the second quarter. CX Institutional now owns 1,282 shares of the company’s stock worth $56,000 after acquiring an additional 297 shares in the last quarter. Root Financial Partners LLC grew its holdings in Equitable by 64.1% during the first quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after purchasing an additional 347 shares during the period. Finally, HB Wealth Management LLC boosted its stake in shares of Equitable by 4.8% during the 2nd quarter. HB Wealth Management LLC now owns 9,784 shares of the company’s stock worth $429,000 after acquiring an additional 444 shares during the period. 92.70% of the stock is owned by institutional investors.
Equitable Company Profile
Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.
Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.
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