Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in Equitable Holdings, Inc. (NYSE:EQH)

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 92.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,151 shares of the company's stock after selling 197,549 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Equitable were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in shares of Equitable by 61.5% in the 3rd quarter. Covestor Ltd now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 246 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Equitable by 892.9% in the second quarter. LRI Investments LLC now owns 1,112 shares of the company's stock worth $45,000 after acquiring an additional 1,000 shares during the period. Carolina Wealth Advisors LLC bought a new stake in Equitable in the third quarter valued at approximately $48,000. UMB Bank n.a. increased its position in Equitable by 86.3% during the 3rd quarter. UMB Bank n.a. now owns 1,550 shares of the company's stock valued at $65,000 after purchasing an additional 718 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Equitable by 141.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,605 shares of the company's stock worth $96,000 after purchasing an additional 1,526 shares during the last quarter. Institutional investors own 92.70% of the company's stock.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the sale, the chief executive officer now directly owns 648,555 shares of the company's stock, valued at approximately $30,760,963.65. This represents a 4.42 % 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, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 15.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,166 shares of company stock worth $4,443,605. 1.10% of the stock is owned by company insiders.

Equitable Stock Up 0.4 %

Equitable stock traded up $0.21 during trading on Tuesday, hitting $47.56. 3,059,154 shares of the company were exchanged, compared to its average volume of 2,499,791. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $14.90 billion, a P/E ratio of -43.42 and a beta of 1.38. The business's 50 day moving average is $45.49 and its 200 day moving average is $42.49. Equitable Holdings, Inc. has a 52 week low of $31.31 and a 52 week high of $50.51.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.53 EPS for the quarter, meeting analysts' consensus estimates of $1.53. The company had revenue of $3.08 billion during 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%. Equitable's revenue was down 15.1% on a year-over-year basis. During the same period last year, the business posted $1.15 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 6.05 earnings per share for the current year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 26th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 2.02%. Equitable's payout ratio is -88.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Equitable from $48.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, August 19th. Wells Fargo & Company raised their target price on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Barclays upped their price objective on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Equitable presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.70.

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.