Equitable Holdings, Inc. (NYSE:EQH) Insider Nick Lane Sells 5,000 Shares

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the completion of the sale, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $6,615,702.61. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, March 14th, Nick Lane sold 5,000 shares of Equitable stock. The stock was sold at an average price of $51.12, for a total value of $255,600.00.

Equitable Price Performance

Shares of EQH stock traded up $0.53 during mid-day trading on Friday, hitting $46.88. 2,728,089 shares of the stock traded hands, compared to its average volume of 2,631,330. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 12.27 and a beta of 1.23. The company's 50-day simple moving average is $51.12 and its 200-day simple moving average is $49.06. Equitable Holdings, Inc. has a twelve month low of $36.18 and a twelve month high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share 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%. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio is 25.13%.

Institutional Trading of Equitable

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Equitable in the 4th quarter worth approximately $668,250,000. Wellington Management Group LLP grew its stake in Equitable by 59.9% during the 4th quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after acquiring an additional 3,303,449 shares in the last quarter. Nordea Investment Management AB lifted its position in Equitable by 700.3% in the 4th quarter. Nordea Investment Management AB now owns 1,563,172 shares of the company's stock worth $74,126,000 after buying an additional 1,367,837 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after acquiring an additional 1,261,466 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Equitable by 237.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock valued at $82,955,000 after buying an additional 1,236,799 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQH. UBS Group raised shares of Equitable from a "neutral" rating to a "buy" rating and upped their price target for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised their target price on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. BMO Capital Markets upped their target price on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley cut their price objective on shares of Equitable from $68.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Equitable presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.91.

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.