Allstate Corp Raises Stock Holdings in Equifax, Inc. $EFX

Key Points

• Allstate Corp increased its holdings in Equifax, Inc. by 46.5%, acquiring 1,710 additional shares, bringing its total to 5,386 shares valued at $1,312,000.
• Insider trading activity includes CEO Mark W. Begor selling 48,264 shares at an average price of $241.71, representing a significant 25.25% reduction in his ownership.
• Analysts have lowered price targets on Equifax, with Oppenheimer and Robert W. Baird setting new targets of $279.00 and $289.00 respectively, while maintaining an "outperform" rating.

Allstate Corp raised its stake in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 46.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,386 shares of the credit services provider's stock after buying an additional 1,710 shares during the quarter. Allstate Corp's holdings in Equifax were worth $1,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DAVENPORT & Co LLC grew its holdings in shares of Equifax by 12.0% during the first quarter. DAVENPORT & Co LLC now owns 2,212 shares of the credit services provider's stock worth $539,000 after purchasing an additional 237 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Equifax by 1,464.7% during the first quarter. Teacher Retirement System of Texas now owns 18,119 shares of the credit services provider's stock worth $4,413,000 after purchasing an additional 16,961 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Equifax during the first quarter worth about $209,000. QRG Capital Management Inc. grew its holdings in shares of Equifax by 19.9% during the first quarter. QRG Capital Management Inc. now owns 1,611 shares of the credit services provider's stock worth $392,000 after purchasing an additional 267 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Equifax by 44.2% during the first quarter. SG Americas Securities LLC now owns 5,229 shares of the credit services provider's stock worth $1,274,000 after purchasing an additional 1,602 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Equifax Trading Down 1.3%

Shares of EFX traded down $3.20 during mid-day trading on Tuesday, hitting $247.56. 749,834 shares of the company's stock traded hands, compared to its average volume of 1,055,440. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.79. Equifax, Inc. has a 1 year low of $199.98 and a 1 year high of $309.63. The firm has a market capitalization of $30.65 billion, a P/E ratio of 48.45, a PEG ratio of 3.02 and a beta of 1.64. The business's 50-day moving average price is $252.15 and its 200-day moving average price is $250.27.

Equifax (NYSE:EFX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. Equifax had a return on equity of 18.89% and a net margin of 10.95%.The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. Equifax has set its Q3 2025 guidance at 1.870-1.970 EPS. FY 2025 guidance at 7.330-7.630 EPS. As a group, sell-side analysts forecast that Equifax, Inc. will post 7.58 EPS for the current fiscal year.

Equifax Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Equifax's payout ratio is 39.14%.

Insider Activity

In other news, CEO Mark W. Begor sold 48,264 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $241.71, for a total transaction of $11,665,891.44. Following the transaction, the chief executive officer directly owned 142,872 shares of the company's stock, valued at approximately $34,533,591.12. The trade was a 25.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays cut their price objective on Equifax from $260.00 to $240.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets dropped their target price on Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on Equifax from $310.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Citigroup lowered their price objective on Equifax from $294.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Equifax from $277.00 to $272.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $283.53.

About Equifax

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.