Two Sigma Advisers LP Boosts Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Two Sigma Advisers LP lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,200 shares of the company's stock after purchasing an additional 74,200 shares during the quarter. Two Sigma Advisers LP owned about 0.08% of Equitable worth $11,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of Equitable by 33.2% in the 4th quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock valued at $310,000 after purchasing an additional 209 shares during the last quarter. Truist Financial Corp boosted its position in shares of Equitable by 2.8% in the 4th quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after purchasing an additional 257 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Equitable by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock worth $131,000 after buying an additional 266 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of Equitable by 7.0% in the 4th quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after buying an additional 278 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In other Equitable news, 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 value of $1,534,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,206 shares in the company, valued at $38,534,018.96. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $352,698.06. Following the completion of the sale, the chief operating officer now directly owns 94,980 shares of the company's stock, valued at approximately $5,025,391.80. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,332 shares of company stock worth $5,976,400. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on EQH. Morgan Stanley increased their target price on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Evercore ISI cut their price target on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. UBS Group decreased their price objective on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday. BMO Capital Markets increased their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $61.67.

Equitable Stock Performance

NYSE:EQH traded up $1.91 on Tuesday, hitting $53.71. The stock had a trading volume of 750,127 shares, compared to its average volume of 2,583,454. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 14.06 and a beta of 1.15. 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 business's 50-day simple moving average is $50.29 and its two-hundred day simple moving average is $50.25.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The business had revenue of $4.58 billion during 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 quarterly revenue 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. As a group, research analysts predict that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a $0.27 dividend. This is a boost from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, June 2nd. Equitable's dividend payout ratio (DPR) is currently 29.35%.

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.