Livforsakringsbolaget Skandia Omsesidigt Has $6.62 Million Position in Equitable Holdings, Inc. (NYSE:EQH)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 97.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 127,100 shares of the company's stock after purchasing an additional 62,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Equitable were worth $6,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQH. Sumitomo Mitsui Trust Group Inc. boosted its stake in Equitable by 1.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,019 shares of the company's stock worth $34,058,000 after purchasing an additional 10,164 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Equitable in the 4th quarter worth approximately $534,000. Empowered Funds LLC purchased a new stake in Equitable in the 4th quarter worth approximately $417,000. Four Tree Island Advisory LLC purchased a new stake in Equitable in the 4th quarter worth approximately $19,144,000. Finally, Avidian Wealth Enterprises LLC lifted its position in Equitable by 8.9% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 6,597 shares of the company's stock worth $311,000 after buying an additional 538 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Analyst Ratings Changes

EQH has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. UBS Group cut their target price on shares of Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley increased their target price on shares of Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Evercore ISI cut their target price on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $61.67.

Equitable Stock Down 2.9%

Shares of EQH stock traded down $1.56 on Friday, hitting $51.52. The company's stock had a trading volume of 2,147,600 shares, compared to its average volume of 2,548,971. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 13.49 and a beta of 1.15. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The firm's fifty day moving average price is $50.97 and its 200-day moving average price is $50.77.

Equitable (NYSE:EQH - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. Equitable had a return on equity of 85.70% and a net margin of 10.51%. The firm's revenue was up 105.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Research analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were given a dividend of $0.27 per share. This is a positive change from Equitable's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.10%. Equitable's payout ratio is currently 29.35%.

Insiders Place Their Bets

In other news, insider Nick Lane sold 5,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the transaction, the insider now owns 139,073 shares of the company's stock, valued at approximately $6,615,702.61. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.91, for a total transaction of $352,698.06. Following the transaction, the chief operating officer now directly owns 94,980 shares of the company's stock, valued at $5,025,391.80. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,332 shares of company stock valued at $4,186,000 in the last quarter. Insiders own 1.10% of the company's stock.

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.