Equitable Holdings, Inc. (NYSE:EQH) Insider Sells $1,146,000.00 in Stock

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 25,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total transaction of $1,146,000.00. Following the completion of the transaction, the insider now owns 141,629 shares of the company's stock, valued at $6,492,273.36. This represents a 15.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Equitable Stock Performance

EQH traded up $0.62 on Thursday, reaching $44.98. 2,871,841 shares of the stock were exchanged, compared to its average volume of 2,494,115. The company's 50-day moving average price is $46.66 and its 200 day moving average price is $43.01. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $14.09 billion, a PE ratio of -41.27 and a beta of 1.38. Equitable Holdings, Inc. has a fifty-two week low of $31.76 and a fifty-two week high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, hitting analysts' consensus estimates of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company's revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current fiscal year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. Equitable's dividend payout ratio (DPR) is presently -88.07%.

Institutional Investors Weigh In On Equitable

Several hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Equitable by 215.1% during the second quarter. Blue Trust Inc. now owns 2,590 shares of the company's stock worth $98,000 after acquiring an additional 1,768 shares during the period. Raymond James & Associates grew its stake in shares of Equitable by 117.3% during the 2nd quarter. Raymond James & Associates now owns 246,215 shares of the company's stock worth $10,060,000 after purchasing an additional 132,922 shares during the period. Fifth Third Bancorp increased its holdings in shares of Equitable by 11.6% during the 2nd quarter. Fifth Third Bancorp now owns 4,615 shares of the company's stock valued at $189,000 after purchasing an additional 479 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Equitable in the 2nd quarter valued at $391,000. Finally, Hennessy Advisors Inc. acquired a new stake in Equitable during the second quarter valued at $613,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised Equitable from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Finally, Barclays increased their price objective on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Equitable presently has an average rating of "Moderate Buy" and an average price target of $50.10.

About Equitable

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.

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