New Vernon Investment Management LLC Lowers Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

New Vernon Investment Management LLC reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 92.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,568 shares of the company's stock after selling 75,920 shares during the period. New Vernon Investment Management LLC's holdings in Equitable were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Equitable by 195.6% during the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company's stock valued at $25,000 after buying an additional 352 shares during the period. Bessemer Group Inc. grew its position in Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the period. Assetmark Inc. grew its position in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares during the period. Mizuho Bank Ltd. grew its position in Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after acquiring an additional 430 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in Equitable by 298.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after acquiring an additional 1,265 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Stock Up 1.5 %

Shares of NYSE EQH traded up $0.74 during mid-day trading on Monday, hitting $50.42. The company had a trading volume of 2,107,937 shares, compared to its average volume of 2,625,590. The company has a market capitalization of $15.47 billion, a PE ratio of 13.20 and a beta of 1.23. 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 1-year low of $36.46 and a 1-year high of $56.00. The business's 50-day simple moving average is $50.38 and its 200 day simple moving average is $49.40.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is currently 25.13%.

Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $317,101.62. Following the sale, the chief operating officer now owns 101,646 shares in the company, valued at approximately $4,835,300.22. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $47.56, for a total value of $1,426,800.00. Following the sale, the chief executive officer now owns 743,206 shares in the company, valued at $35,346,877.36. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,332 shares of company stock worth $4,141,315. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EQH shares. Keefe, Bruyette & Woods increased their price objective on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Morgan Stanley lowered their price objective on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. increased their price objective on Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on Equitable from $62.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Barclays raised their price target on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.91.

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.