Generali Asset Management SPA SGR Makes New Investment in Equitable Holdings, Inc. (NYSE:EQH)

Generali Asset Management SPA SGR purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 57,008 shares of the company's stock, valued at approximately $2,689,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NFC Investments LLC acquired a new stake in shares of Equitable during the 4th quarter valued at about $3,538,000. First National Advisers LLC boosted its holdings in Equitable by 5.1% during the fourth quarter. First National Advisers LLC now owns 65,084 shares of the company's stock valued at $3,070,000 after purchasing an additional 3,174 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Equitable by 109.7% in the 4th quarter. Natixis Advisors LLC now owns 69,871 shares of the company's stock worth $3,296,000 after buying an additional 36,550 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of Equitable in the 4th quarter worth approximately $226,000. Finally, LBP AM SA lifted its position in shares of Equitable by 560.9% during the 4th quarter. LBP AM SA now owns 161,462 shares of the company's stock worth $7,616,000 after buying an additional 137,033 shares during the period. Institutional investors own 92.70% of the company's stock.

Analyst Ratings Changes

EQH has been the subject of several recent analyst reports. Barclays increased their price objective on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. BMO Capital Markets increased their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods boosted their price target 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. Morgan Stanley raised their price objective on shares of Equitable from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their target price on Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Equitable has an average rating of "Moderate Buy" and a consensus price target of $57.75.

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Equitable Trading Up 2.2 %

Shares of NYSE EQH traded up $1.15 during midday trading on Monday, hitting $53.70. The stock had a trading volume of 2,229,581 shares, compared to its average volume of 2,442,975. The firm has a market cap of $16.53 billion, a P/E ratio of 14.06 and a beta of 1.39. Equitable Holdings, Inc. has a fifty-two week low of $35.49 and a fifty-two week high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The company's 50-day simple moving average is $52.75 and its 200 day simple moving average is $47.99.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 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%. Research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is 25.13%.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $54.65, for a total transaction of $364,296.90. Following the transaction, the chief operating officer now directly owns 92,209 shares of the company's stock, valued at $5,039,221.85. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 629,939 shares in the company, valued at $32,536,349.35. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock worth $5,364,610 over the last ninety days. Company insiders own 1.10% of the company's stock.

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.