4,200,000 Shares in Equitable Holdings, Inc. $EQH Acquired by Conifer Management L.L.C.

Conifer Management L.L.C. bought a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,200,000 shares of the company's stock, valued at approximately $184,296,000. Equitable comprises approximately 0.0% of Conifer Management L.L.C.'s portfolio, making the stock its 2nd biggest position. Conifer Management L.L.C. owned approximately 1.54% of Equitable as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new stake in shares of Equitable during the third quarter valued at approximately $26,000. Covestor Ltd increased its stake in Equitable by 124.7% in the fourth quarter. Covestor Ltd now owns 728 shares of the company's stock valued at $35,000 after purchasing an additional 404 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Equitable in the third quarter valued at about $38,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Equitable during the second quarter worth about $33,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company's stock valued at $46,000 after purchasing an additional 424 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQH has been the topic of a number of research reports. Weiss Ratings cut Equitable from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Jefferies Financial Group boosted their price objective on Equitable from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Zacks Research raised shares of Equitable from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. Wells Fargo & Company boosted their price objective on shares of Equitable from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Finally, Wolfe Research downgraded Equitable from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.75.

Insider Transactions at Equitable

In related news, CAO William James Iv Eckert sold 6,200 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $41.83, for a total value of $259,346.00. Following the completion of the transaction, the chief accounting officer directly owned 9,366 shares of the company's stock, valued at $391,779.78. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey J. Hurd sold 14,358 shares of Equitable stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $45.11, for a total value of $647,689.38. Following the sale, the chief operating officer directly owned 74,748 shares in the company, valued at approximately $3,371,882.28. The trade was a 16.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 114,541 shares of company stock worth $5,357,784 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Equitable Stock Up 0.3%

Shares of EQH traded up $0.14 during midday trading on Friday, reaching $50.29. 659,384 shares of the stock were exchanged, compared to its average volume of 3,625,261. The firm has a 50 day simple moving average of $48.21 and a 200-day simple moving average of $43.54. The company has a market cap of $13.73 billion, a price-to-earnings ratio of -15.19, a P/E/G ratio of 0.49 and a beta of 1.09. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 12-month low of $35.19 and a 12-month high of $55.15.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The company's quarterly revenue was down 29.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. Research analysts forecast that Equitable Holdings, Inc. will post 7.18 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $0.30 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. Equitable's payout ratio is presently -36.25%.

About Equitable

Equitable Holdings, Inc NYSE: EQH is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.