Thrivent Financial for Lutherans Has $14.02 Million Stake in Equitable Holdings, Inc. (NYSE:EQH)

Thrivent Financial for Lutherans lessened its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 297,199 shares of the company's stock after selling 14,913 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of Equitable worth $14,019,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Equitable by 195.6% in 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 in the last quarter. Assetmark Inc. grew its stake in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after acquiring an additional 199 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Equitable by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after purchasing an additional 409 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of Equitable by 82.7% during the 4th quarter. Principal Securities Inc. now owns 1,805 shares of the company's stock valued at $85,000 after purchasing an additional 817 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In related news, insider Nick Lane sold 5,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares in the company, valued at $7,109,411.76. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 629,939 shares in the company, valued at $32,536,349.35. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,332 shares of company stock valued at $5,364,610 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays increased their target price on Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upgraded Equitable from a "hold" rating to a "buy" rating and increased their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, BMO Capital Markets boosted their price target on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.75.

Equitable Stock Performance

Shares of EQH stock traded down $0.21 on Wednesday, reaching $54.09. The stock had a trading volume of 1,621,393 shares, compared to its average volume of 2,436,208. Equitable Holdings, Inc. has a 12 month low of $35.49 and a 12 month high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 14.16 and a beta of 1.39. The firm's 50-day moving average is $52.93 and its two-hundred day moving average is $48.18.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share (EPS) 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, research analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. Equitable's dividend payout ratio is currently 25.13%.

About Equitable

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.