AustralianSuper Pty Ltd Acquires New Position in Equitable Holdings, Inc. (NYSE:EQH)

AustralianSuper Pty Ltd purchased a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 167,621 shares of the company's stock, valued at approximately $7,045,000. AustralianSuper Pty Ltd owned 0.05% of Equitable at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in shares of Equitable by 3.5% in the first quarter. Canada Pension Plan Investment Board now owns 18,804,685 shares of the company's stock valued at $714,766,000 after purchasing an additional 637,916 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Equitable by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company's stock worth $166,855,000 after acquiring an additional 539,904 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company's stock valued at $129,444,000 after purchasing an additional 3,155,487 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Equitable during the 2nd quarter worth approximately $110,176,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Equitable by 57.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company's stock worth $80,470,000 after purchasing an additional 721,028 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now directly owns 678,555 shares in the company, valued at $28,635,021. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO William James Iv Eckert sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the transaction, the chief executive officer now owns 678,555 shares in the company, valued at approximately $28,635,021. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,500 shares of company stock worth $3,969,870. Corporate insiders own 1.10% of the company's stock.

Equitable Price Performance

Shares of EQH traded down $0.22 during midday trading on Friday, reaching $45.13. The stock had a trading volume of 2,434,439 shares, compared to its average volume of 2,475,675. The firm's 50 day moving average price is $42.75 and its 200-day moving average price is $41.06. Equitable Holdings, Inc. has a 52 week low of $25.42 and a 52 week high of $46.48. The company has a market capitalization of $14.30 billion, a P/E ratio of 18.80 and a beta of 1.41. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the company earned $1.17 EPS. Equitable's revenue was up 47.7% on a year-over-year basis. On average, analysts forecast that Equitable Holdings, Inc. will post 6.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on EQH shares. Keefe, Bruyette & Woods raised their target price on Equitable from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Monday, July 8th. Citigroup boosted their target price on shares of Equitable from $41.00 to $53.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Barclays raised their price target on shares of Equitable from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Truist Financial raised their target price on Equitable from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $48.70.

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.