NFC Investments LLC Buys Shares of 75,000 Equitable Holdings, Inc. (NYSE:EQH)

NFC Investments LLC bought a new position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 75,000 shares of the company's stock, valued at approximately $3,538,000. Equitable makes up approximately 1.0% of NFC Investments LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company's stock worth $38,191,000 after acquiring an additional 153,457 shares during the period. Miracle Mile Advisors LLC purchased a new position in Equitable during the fourth quarter valued at $295,000. Principal Financial Group Inc. lifted its position in Equitable by 7.5% during the third quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company's stock valued at $89,001,000 after purchasing an additional 148,180 shares in the last quarter. Vest Financial LLC lifted its position in Equitable by 11.7% during the fourth quarter. Vest Financial LLC now owns 752,091 shares of the company's stock valued at $35,476,000 after purchasing an additional 78,725 shares in the last quarter. Finally, Qsemble Capital Management LP lifted its position in Equitable by 902.4% during the third quarter. Qsemble Capital Management LP now owns 78,456 shares of the company's stock valued at $3,298,000 after purchasing an additional 70,629 shares in the last quarter. Institutional investors own 92.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EQH shares. BMO Capital Markets lifted their target price on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods upped their price objective on Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and upped their price objective for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Truist Financial upped their price objective on Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective on Equitable from $61.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.75.

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Insider Transactions at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $54.65, for a total value of $364,296.90. Following the sale, the chief operating officer now directly owns 92,209 shares in the company, valued at approximately $5,039,221.85. This represents a 6.74 % 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 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. Over the last three months, insiders have sold 105,032 shares of company stock worth $5,443,966. 1.10% of the stock is currently owned by company insiders.

Equitable Trading Down 0.9 %

EQH stock traded down $0.47 during midday trading on Thursday, reaching $52.29. 2,866,108 shares of the company traded hands, compared to its average volume of 2,405,527. Equitable Holdings, Inc. has a 52-week low of $35.49 and a 52-week high of $56.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07. The business has a 50 day moving average of $52.60 and a 200-day moving average of $47.79. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 13.69 and a beta of 1.39.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. Equitable's payout ratio is 25.13%.

Equitable 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.