Aigen Investment Management LP Raises Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

Aigen Investment Management LP boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 251.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,615 shares of the company's stock after acquiring an additional 17,607 shares during the period. Aigen Investment Management LP's holdings in Equitable were worth $1,161,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. grew its stake in Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after acquiring an additional 209 shares in the last quarter. Covestor Ltd grew its stake in Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares in the last quarter. Truist Financial Corp grew its stake in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock valued at $451,000 after acquiring an additional 257 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after acquiring an additional 266 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

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Equitable Trading Up 1.1 %

Shares of Equitable stock traded up $0.55 during trading on Friday, hitting $50.41. The stock had a trading volume of 3,949,477 shares, compared to its average volume of 2,412,686. The firm's fifty day simple moving average is $52.13 and its 200-day simple moving average is $47.26. The stock has a market cap of $15.52 billion, a PE ratio of 13.20 and a beta of 1.39. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 12 month low of $33.38 and a 12 month high of $56.00.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a return on equity of 85.70% and a net margin of 10.51%. As a group, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued 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 1.90%. Equitable's payout ratio is 25.13%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQH. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a "hold" rating to a "buy" rating and raised their target price for the company from $47.00 to $58.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on shares of Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price objective on shares of Equitable from $61.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley increased their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $57.17.

Insider Activity at Equitable

In related news, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction dated 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 owns 141,629 shares in the company, valued at $6,492,273.36. This trade represents a 15.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now owns 17,677 shares of the company's stock, valued at $825,162.36. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,698 shares of company stock worth $6,534,234 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.