Retirement Systems of Alabama Sells 7,439 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Retirement Systems of Alabama decreased its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,991 shares of the company's stock after selling 7,439 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Equitable worth $17,971,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EQH. Atomi Financial Group Inc. boosted its stake in Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock worth $310,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd boosted its stake in Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company's stock worth $27,000 after purchasing an additional 246 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Equitable by 2.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,380 shares of the company's stock worth $631,000 after purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Equitable by 5.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,852 shares of the company's stock worth $288,000 after purchasing an additional 332 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Equitable by 195.6% in the fourth quarter. Versant Capital Management Inc now owns 532 shares of the company's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on Equitable from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and boosted their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods upgraded Equitable from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Finally, BMO Capital Markets assumed coverage on Equitable in a research report on Thursday, January 23rd. They set an "outperform" rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $54.33.

Equitable Trading Up 0.1 %

Shares of Equitable stock traded up $0.03 during trading hours on Monday, hitting $53.68. The company's stock had a trading volume of 1,293,230 shares, compared to its average volume of 2,843,475. Equitable Holdings, Inc. has a 12 month low of $32.72 and a 12 month high of $54.82. The stock has a 50 day moving average of $49.51 and a 200 day moving average of $45.43. The company has a market capitalization of $16.82 billion, a PE ratio of 14.05 and a beta of 1.39. 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 (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) 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%. Analysts predict that Equitable Holdings, Inc. will post 7.24 earnings per share for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 annualized dividend and a yield of 1.79%. Equitable's dividend payout ratio is 25.13%.

Insider Buying and Selling at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the sale, the chief operating officer now owns 98,875 shares in the company, valued at $4,677,776.25. This represents a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 648,555 shares in the company, valued at $30,760,963.65. This represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,032 shares of company stock worth $7,587,971 over the last 90 days. Company insiders own 1.10% of the company's stock.

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.