Allianz Asset Management GmbH Has $30.36 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Allianz Asset Management GmbH raised its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 3.7% in the 4th quarter, HoldingsChannel reports. The firm owned 643,633 shares of the company’s stock after purchasing an additional 23,134 shares during the quarter. Allianz Asset Management GmbH’s holdings in Equitable were worth $30,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares in the last quarter. Covestor Ltd raised its stake in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 246 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Equitable by 82.7% during the fourth quarter. Principal Securities Inc. now owns 1,805 shares of the company’s stock valued at $85,000 after purchasing an additional 817 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Equitable by 26.1% in the fourth quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock valued at $92,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $47.31, for a total transaction of $315,368.46. Following the completion of the sale, the chief operating officer now owns 98,875 shares of the company’s stock, valued at $4,677,776.25. This represents a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick Lane sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the sale, the insider now directly owns 141,629 shares in the company, valued at $6,492,273.36. This represents a 15.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,698 shares of company stock worth $6,534,234. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays upped their price objective on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on Equitable from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their target price on shares of Equitable from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. BMO Capital Markets assumed coverage on shares of Equitable in a research note on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.58.

Equitable Price Performance

Shares of EQH stock opened at $51.44 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. Equitable Holdings, Inc. has a 12-month low of $32.96 and a 12-month high of $56.00. The firm has a fifty day moving average of $50.91 and a 200-day moving average of $46.38. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 13.46 and a beta of 1.39.

Equitable (NYSE:EQH) last posted its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. Equitable’s payout ratio is 25.13%.

Equitable 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.