Allianz Asset Management GmbH Has $21.11 Million Stock Holdings in Equitable Holdings, Inc. $EQH

Allianz Asset Management GmbH cut its holdings in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 376,202 shares of the company's stock after selling 148,732 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.12% of Equitable worth $21,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQH. Boston Partners acquired a new stake in shares of Equitable in the first quarter valued at $108,264,000. Allspring Global Investments Holdings LLC increased its stake in shares of Equitable by 5,536.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,109,113 shares of the company's stock valued at $110,286,000 after buying an additional 2,071,691 shares in the last quarter. Wellington Management Group LLP increased its position in Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock worth $566,662,000 after purchasing an additional 2,061,496 shares during the period. Nuveen LLC acquired a new stake in Equitable in the first quarter worth about $99,319,000. Finally, Robeco Institutional Asset Management B.V. increased its position in Equitable by 553.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company's stock worth $121,553,000 after purchasing an additional 1,834,889 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equitable news, COO Jeffrey J. Hurd sold 6,790 shares of the company'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 represents a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robin M. Raju sold 36,888 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total value of $1,991,952.00. Following the transaction, the chief financial officer directly owned 140,258 shares of the company's stock, valued at approximately $7,573,932. This trade represents a 20.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,258 shares of company stock valued at $7,449,913 over the last 90 days. 1.10% of the stock is owned by company insiders.

Equitable Price Performance

Shares of EQH opened at $47.43 on Monday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a 50 day simple moving average of $52.27 and a 200 day simple moving average of $51.87. Equitable Holdings, Inc. has a 52-week low of $41.39 and a 52-week high of $56.61. The firm has a market capitalization of $14.21 billion, a PE ratio of 38.25 and a beta of 1.10.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a $0.27 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Equitable's payout ratio is currently 87.10%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Equitable from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Equitable in a research report 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. JPMorgan Chase & Co. lifted their price objective on Equitable from $55.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Equitable from $64.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.45.

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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