226,030 Shares in Equitable Holdings, Inc. $EQH Purchased by Philadelphia Financial Management of San Francisco LLC

Key Points

• Philadelphia Financial Management acquired 226,030 shares of Equitable Holdings, worth approximately $9.9 million, giving it a 0.08% stake. Institutional investors collectively own 92.7% of EQH.
• Equitable reported quarterly EPS of $1.70, exceeding estimates of $1.65, although revenue fell 29.8% year over year to $1.66 billion. The company maintained a quarterly dividend of $0.30 per share, equating to a 2.4% annual yield.
• Analysts hold a consensus “Moderate Buy” rating, with an average price target of $61.75 versus the reported share price of $50.15; several firms recently raised their targets.

Philadelphia Financial Management of San Francisco LLC acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 226,030 shares of the company's stock, valued at approximately $9,918,196. Equitable comprises approximately 0.0% of Philadelphia Financial Management of San Francisco LLC's portfolio, making the stock its 13th biggest position. Philadelphia Financial Management of San Francisco LLC owned approximately 0.08% of Equitable as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQH. Johnson Financial Group Inc. purchased a new stake in shares of Equitable in the third quarter valued at about $26,000. Root Financial Partners LLC grew its holdings in Equitable by 64.1% in the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company's stock valued at $33,000 after buying an additional 347 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Equitable during the 2nd quarter worth about $33,000. Covestor Ltd raised its holdings in shares of Equitable by 124.7% during the fourth quarter. Covestor Ltd now owns 728 shares of the company's stock worth $35,000 after acquiring an additional 404 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Equitable during the 3rd quarter worth approximately $38,000. 92.70% of the stock is owned by hedge funds and other institutional investors.

Equitable Price Performance

NYSE:EQH remained flat at $50.15 during mid-day trading on Friday. The company's stock had a trading volume of 1,243,005 shares, compared to its average volume of 3,629,181. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. The company has a 50 day moving average of $48.21 and a two-hundred day moving average of $43.54. The company has a market cap of $13.69 billion, a price-to-earnings ratio of -15.15, a price-to-earnings-growth ratio of 0.49 and a beta of 1.09. Equitable Holdings, Inc. has a twelve month low of $35.19 and a twelve month high of $55.15.

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

Equitable Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays raised their price target on Equitable from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Zacks Research raised Equitable from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Wolfe Research lowered Equitable from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price target on shares of Equitable from $62.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group lifted their target price on shares of Equitable from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Insider Buying and Selling at Equitable

In other Equitable news, Director Charles G.T. Stonehill sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $51.54, for a total transaction of $386,550.00. Following the completion of the sale, the director directly owned 34,357 shares in the company, valued at $1,770,759.78. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig C. Mackay sold 2,200 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total value of $113,014.00. Following the transaction, the director owned 18,999 shares of the company's stock, valued at $975,978.63. The trade was a 10.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 114,541 shares of company stock valued at $5,357,784 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Equitable Profile

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.