Equitable Holdings, Inc. (NYSE:EQH) Insider Nick Lane Sells 5,000 Shares

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total value of $237,850.00. Following the transaction, the insider now owns 139,073 shares of the company's stock, valued at $6,615,702.61. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nick Lane also recently made the following trade(s):

• On Friday, March 14th, Nick Lane sold 5,000 shares of Equitable stock. The shares were sold at an average price of $51.12, for a total value of $255,600.00.

Equitable Stock Down 2.6 %

NYSE:EQH traded down $1.22 during mid-day trading on Monday, hitting $45.65. The stock had a trading volume of 2,251,428 shares, compared to its average volume of 2,632,814. Equitable Holdings, Inc. has a twelve month low of $36.46 and a twelve month high of $56.00. The stock has a 50-day simple moving average of $50.96 and a two-hundred day simple moving average of $49.19. The company has a current ratio of 0.07, a quick ratio of 0.12 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $14.01 billion, a PE ratio of 11.95 and a beta of 1.23.

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 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%. On average, equities research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's dividend payout ratio (DPR) is 25.13%.

Analyst Ratings Changes

A number of brokerages recently commented on EQH. Barclays boosted their price objective on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $62.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. UBS Group upgraded shares of Equitable from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $49.00 to $77.00 in a research note on Wednesday, April 2nd. Truist Financial increased their price objective on Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised Equitable from a "hold" rating to a "buy" rating and raised their price target for the stock from $47.00 to $58.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in 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 during the last quarter. MV Capital Management Inc. purchased a new position in Equitable during the first quarter worth about $26,000. Bessemer Group Inc. lifted its position in Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. boosted its holdings in Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. Finally, Mizuho Bank Ltd. raised its stake in shares of Equitable by 61.4% during the 4th quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after buying an additional 430 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

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.