Aigen Investment Management LP Sells 11,422 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Aigen Investment Management LP reduced its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 62.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,008 shares of the company's stock after selling 11,422 shares during the quarter. Aigen Investment Management LP's holdings in Equitable were worth $295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Equitable by 4.4% in the first quarter. US Bancorp DE now owns 10,068 shares of the company's stock worth $383,000 after purchasing an additional 423 shares during the period. Avantax Advisory Services Inc. bought a new position in Equitable in the 1st quarter worth $857,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Equitable by 28.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 42,696 shares of the company's stock worth $1,623,000 after buying an additional 9,465 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Equitable by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 447,610 shares of the company's stock valued at $17,014,000 after acquiring an additional 22,025 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Equitable by 19.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 201,899 shares of the company's stock valued at $7,674,000 after acquiring an additional 33,340 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Price Performance

Shares of NYSE EQH traded down $0.21 during mid-day trading on Friday, hitting $47.44. 2,096,876 shares of the company's stock traded hands, compared to its average volume of 2,500,097. The company has a market capitalization of $14.86 billion, a P/E ratio of -43.52 and a beta of 1.40. Equitable Holdings, Inc. has a 1 year low of $27.74 and a 1 year high of $50.51. 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 company's 50-day moving average is $43.97 and its two-hundred day moving average is $41.85.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.53. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The company's quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share. On average, equities analysts anticipate that Equitable Holdings, Inc. will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the sale, the chief executive officer now directly owns 658,555 shares in the company, valued at approximately $29,239,842. This represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $47.53, for a total value of $316,834.98. Following the transaction, the chief operating officer now owns 105,246 shares of the company's stock, valued at approximately $5,002,342.38. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,166 shares of company stock worth $4,286,705 over the last three months. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays lifted their target price on Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Citigroup boosted their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Truist Financial raised their target price on shares of Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their price target 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. Finally, Morgan Stanley cut their price objective on Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Equitable has a consensus rating of "Moderate Buy" and an average price target of $48.70.

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.