Livforsakringsbolaget Skandia Omsesidigt Has $3.51 Million Stock Holdings in Equitable Holdings, Inc. $EQH

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has reduced its stake in Equitable Holdings by 50.8%, owning 62,500 shares worth approximately $3.5 million after selling 64,600 shares in the recent quarter.
• CEO Mark Pearson sold 39,700 shares of Equitable stock for over $2.1 million, decreasing his ownership by 5.35%, while the company recently announced a quarterly dividend of $0.27 per share.
• Analysts maintain a consensus rating of Moderate Buy for Equitable, with several firms adjusting their price targets, reflecting a range of expectations for its stock performance.

Livforsakringsbolaget Skandia Omsesidigt lowered its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 50.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,500 shares of the company's stock after selling 64,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Equitable were worth $3,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EQH. Boston Partners acquired a new position in Equitable during the first quarter valued at approximately $108,264,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Equitable by 5,536.0% during 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 acquiring an additional 2,071,691 shares during the period. Wellington Management Group LLP increased its stake in shares of Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock valued at $566,662,000 after buying an additional 2,061,496 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Equitable in the first quarter valued at $99,319,000. Finally, AQR Capital Management LLC increased its position in Equitable by 85.4% in the first quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company's stock worth $96,981,000 after purchasing an additional 879,813 shares during the period. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Price Performance

Shares of EQH traded down $0.15 during trading hours on Friday, hitting $54.26. 9,935,784 shares of the company were exchanged, compared to its average volume of 2,565,813. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 43.76 and a beta of 1.16. Equitable Holdings, Inc. has a fifty-two week low of $40.81 and a fifty-two week high of $56.61. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 4.94. The firm's fifty day moving average is $52.77 and its 200 day moving average is $52.07.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable's dividend payout ratio is 87.10%.

Insider Transactions at Equitable

In other news, CEO Mark Pearson sold 39,551 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $54.22, for a total transaction of $2,144,455.22. Following the sale, the chief executive officer directly owned 690,678 shares of the company's stock, valued at approximately $37,448,561.16. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,790 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $53.69, for a total value of $364,555.10. Following the sale, the chief operating officer directly owned 81,888 shares in the company, valued at approximately $4,396,566.72. This trade represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,580 shares of company stock valued at $8,258,518. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EQH. UBS Group lowered their price objective on Equitable from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their target price on Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Morgan Stanley dropped their price objective on Equitable from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company decreased their target price on Equitable from $66.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Wolfe Research raised Equitable to a "strong-buy" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Equitable presently has a consensus rating of "Buy" and a consensus price target of $64.55.

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.