Nisa Investment Advisors LLC Raises Position in Equitable Holdings, Inc. (NYSE:EQH)

Nisa Investment Advisors LLC lifted its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 181.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,921 shares of the company's stock after purchasing an additional 25,101 shares during the quarter. Nisa Investment Advisors LLC's holdings in Equitable were worth $2,027,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EQH. MV Capital Management Inc. bought a new position in shares of Equitable in the first quarter worth $26,000. Bessemer Group Inc. increased its holdings in shares of Equitable by 111.2% in the fourth quarter. Bessemer Group Inc. now owns 678 shares of the company's stock worth $32,000 after purchasing an additional 357 shares during the period. Assetmark Inc. increased its holdings in shares of Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after purchasing an additional 199 shares during the period. Mizuho Bank Ltd. increased its holdings in shares of Equitable by 61.4% in the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after purchasing an additional 430 shares during the period. Finally, McIlrath & Eck LLC increased its holdings in shares of Equitable by 154.3% in the fourth quarter. McIlrath & Eck LLC now owns 1,386 shares of the company's stock worth $65,000 after purchasing an additional 841 shares during the period. Institutional investors own 92.70% of the company's stock.

Equitable Trading Down 2.9%

Shares of NYSE:EQH traded down $1.57 on Tuesday, reaching $51.84. 2,744,959 shares of the company traded hands, compared to its average volume of 2,546,199. The business's 50-day simple moving average is $53.55 and its 200 day simple moving average is $51.87. Equitable Holdings, Inc. has a 52 week low of $36.46 and a 52 week high of $56.61. The stock has a market capitalization of $15.75 billion, a P/E ratio of 14.09 and a beta of 1.15. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 2.39.

Equitable (NYSE:EQH - Get Free Report) last announced 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 company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. Equitable had a net margin of 8.50% and a return on equity of 79.05%. The firm's quarterly revenue was up 105.2% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. As a group, equities analysts anticipate that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.27 per share. This is a positive change from Equitable's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, June 2nd. Equitable's dividend payout ratio is currently 29.35%.

Insider Activity

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $53.18, for a total transaction of $1,595,400.00. Following the completion of the sale, the chief executive officer directly owned 724,367 shares in the company, valued at approximately $38,521,837.06. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nick Lane sold 5,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.91, for a total transaction of $264,550.00. Following the sale, the insider owned 139,073 shares of the company's stock, valued at approximately $7,358,352.43. This represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,666 shares of company stock valued at $4,012,008. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

EQH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. increased their target price on Equitable from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Wells Fargo & Company reissued an "overweight" rating and issued a $66.00 target price (up previously from $61.00) on shares of Equitable in a research note on Thursday, July 10th. Evercore ISI reduced their target price on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, UBS Group reduced their target price on Equitable from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.18.

Equitable 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.