Insider Selling: Equitable Holdings, Inc. (NYSE:EQH) CEO Sells $1,223,400.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH) CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mark Pearson also recently made the following trade(s):

• On Thursday, August 29th, Mark Pearson sold 30,000 shares of Equitable stock. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00.

Equitable Price Performance

Shares of Equitable stock opened at $42.47 on Friday. The business has a 50 day moving average of $40.89 and a 200 day moving average of $39.39. Equitable Holdings, Inc. has a 52 week low of $24.65 and a 52 week high of $44.50. The company has a market cap of $13.81 billion, a PE ratio of 13.15 and a beta of 1.42. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 annualized dividend and a yield of 2.26%. Equitable’s payout ratio is 29.72%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Wells Fargo & Company lowered their target price on Equitable from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Citigroup increased their target price on Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley decreased their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial increased their price objective on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQH. Truist Financial Corp grew its stake in Equitable by 9.5% in the fourth quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock worth $263,000 after purchasing an additional 684 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Equitable by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 168,559 shares of the company’s stock worth $5,466,000 after buying an additional 9,766 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Equitable by 261.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,269 shares of the company’s stock worth $76,000 after acquiring an additional 1,641 shares in the last quarter. Securian Asset Management Inc. purchased a new position in Equitable during the 4th quarter valued at about $894,000. Finally, Norges Bank bought a new stake in Equitable during the fourth quarter worth about $606,630,000. Hedge funds and other institutional investors own 92.70% 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.