Mn Services Vermogensbeheer B.V. Increases Position in Equitable Holdings, Inc. (NYSE:EQH)

Mn Services Vermogensbeheer B.V. grew its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,500 shares of the company's stock after buying an additional 8,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Equitable were worth $6,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atomi Financial Group Inc. grew its position in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock worth $310,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd grew its position in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after purchasing an additional 246 shares in the last quarter. Truist Financial Corp grew its position in shares of Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after purchasing an additional 257 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Equitable by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after purchasing an additional 283 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Equitable by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock worth $288,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EQH. Barclays increased their target price on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. BMO Capital Markets increased their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on Equitable from $45.00 to $53.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and increased their price target for the company from $47.00 to $58.00 in a research note on Friday, January 10th. Finally, Morgan Stanley increased their price target on Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.17.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total transaction of $315,368.46. Following the completion of the sale, the chief operating officer now directly owns 98,875 shares of the company's stock, valued at approximately $4,677,776.25. This trade represents a 6.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total value of $79,356.00. Following the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,698 shares of company stock valued at $6,534,234. Insiders own 1.10% of the company's stock.

Equitable Trading Up 1.7 %

Shares of NYSE:EQH traded up $0.88 during trading on Wednesday, hitting $52.24. The company had a trading volume of 2,570,031 shares, compared to its average volume of 2,411,241. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 13.68 and a beta of 1.39. Equitable Holdings, Inc. has a one year low of $32.96 and a one year high of $56.00. The company has a fifty day simple moving average of $51.93 and a two-hundred day simple moving average of $47.09. 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 (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, March 5th. Equitable's dividend payout ratio is currently 25.13%.

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.