Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 673,077 shares of the company's stock after buying an additional 18,136 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.21% of Equitable worth $31,749,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its position in shares of Equitable by 5.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,980 shares of the company's stock worth $471,000 after purchasing an additional 472 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Equitable by 25.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 125,000 shares of the company's stock valued at $5,896,000 after purchasing an additional 25,000 shares during the period. Pinebridge Investments L.P. grew its stake in Equitable by 26.5% during the fourth quarter. Pinebridge Investments L.P. now owns 123,022 shares of the company's stock valued at $5,803,000 after acquiring an additional 25,752 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Equitable by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,278,436 shares of the company's stock worth $1,003,705,000 after acquiring an additional 535,671 shares during the last quarter. Finally, Quantessence Capital LLC bought a new stake in Equitable in the 4th quarter worth approximately $256,000. Institutional investors and hedge funds own 92.70% of the company's stock.

Insider Buying and Selling at Equitable

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $47.57, for a total transaction of $317,101.62. Following the completion of the transaction, the chief operating officer now directly owns 101,646 shares in the company, valued at $4,835,300.22. The trade was a 6.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total transaction of $1,534,800.00. Following the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is owned by company insiders.

Equitable Stock Up 2.0 %

Equitable stock traded up $1.02 during trading on Wednesday, reaching $51.17. The stock had a trading volume of 294,158 shares, compared to its average volume of 2,609,787. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The business has a 50 day moving average price of $49.99 and a 200 day moving average price of $49.59. 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 stock has a market cap of $15.70 billion, a PE ratio of 13.40 and a beta of 1.15.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The business's revenue for the quarter was up 105.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. On average, analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is 26.09%.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Wells Fargo & Company boosted their target price on Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Truist Financial lifted their price target on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Evercore ISI cut their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.33.

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.