Equitable Holdings, Inc. (NYSE:EQH) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• The average recommendation for Equitable Holdings, Inc. (NYSE:EQH) among twelve rating firms is a “Moderate Buy,” with one strong buy, nine buy, and two hold ratings.
• Insiders, including Director Bertram L. Scott and COO Jeffrey J. Hurd, recently sold significant shares of stock, indicating a decrease in their ownership positions by 9.09% and 8.29%, respectively.
• Equitable's shares opened at $48.85 with a market cap of $14.63 billion, showing a 52-week range of $41.39 to $56.61.

Shares of Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $64.4545.

A number of research analysts have issued reports on the company. Wolfe Research raised Equitable to a "strong-buy" rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Equitable in a research note on Tuesday, October 14th. Barclays reiterated an "overweight" rating and issued a $63.00 price objective on shares of Equitable in a research report on Wednesday, October 8th. Wall Street Zen downgraded Equitable from a "hold" rating to a "sell" rating in a research report on Saturday, October 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $64.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th.

Insiders Place Their Bets

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.86, for a total value of $134,836.00. Following the completion of the transaction, the director directly owned 26,001 shares of the company's stock, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $48.99, for a total transaction of $332,642.10. Following the completion of the transaction, the chief operating officer owned 75,098 shares of the company's stock, valued at $3,679,051.02. This trade represents a 8.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,958 shares of company stock valued at $9,362,262. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Equitable

A number of institutional investors and hedge funds have recently made changes to their positions in EQH. Atlas Capital Advisors Inc. raised its holdings in Equitable by 310.2% during the 1st quarter. Atlas Capital Advisors Inc. now owns 17,349 shares of the company's stock worth $904,000 after purchasing an additional 13,120 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Equitable in the first quarter valued at approximately $252,000. Nordea Investment Management AB increased its stake in Equitable by 18.3% in the second quarter. Nordea Investment Management AB now owns 3,985,846 shares of the company's stock valued at $223,168,000 after purchasing an additional 615,314 shares in the last quarter. Diversified Trust Co increased its stake in Equitable by 51.5% in the first quarter. Diversified Trust Co now owns 42,276 shares of the company's stock valued at $2,202,000 after purchasing an additional 14,380 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Equitable in the 1st quarter valued at $255,000. Institutional investors own 92.70% of the company's stock.

Equitable Stock Up 0.3%

Shares of NYSE EQH opened at $48.85 on Friday. The stock has a market cap of $14.63 billion, a PE ratio of 39.39 and a beta of 1.10. The business has a fifty day moving average of $51.69 and a two-hundred day moving average of $51.91. Equitable has a 52-week low of $41.39 and a 52-week high of $56.61. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14.

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.

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