Robeco Institutional Asset Management B.V. Sells 187,048 Shares of Equitable Holdings, Inc. $EQH

Key Points

• Robeco Institutional Asset Management cut its Equitable Holdings stake by 67% in the third quarter, selling 187,048 shares and retaining 92,326 shares valued at approximately $4.7 million.
• Other institutional investors initiated or increased positions in Equitable, and institutional ownership remains high at 92.7% of outstanding shares.
• Analysts maintain a generally positive outlook, with Equitable carrying a “Moderate Buy” consensus rating and an average price target of $63.18, above its reported opening price of $52.76.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 67.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,326 shares of the company's stock after selling 187,048 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Equitable were worth $4,734,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EQH. Commonwealth Financial Services LLC bought a new stake in Equitable during the third quarter worth about $244,000. Net Worth Advisory Group bought a new position in shares of Equitable during the third quarter valued at approximately $252,000. SteelPeak Wealth LLC bought a new position in shares of Equitable during the third quarter valued at approximately $302,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Equitable by 10,573.2% during the third quarter. TD Waterhouse Canada Inc. now owns 26,683 shares of the company's stock valued at $1,386,000 after purchasing an additional 26,433 shares during the last quarter. Finally, Curated Wealth Partners LLC purchased a new position in shares of Equitable during the third quarter valued at approximately $340,000. Institutional investors own 92.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Mizuho dropped their price target on Equitable from $67.00 to $66.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 7th. Weiss Ratings upgraded Equitable from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Wolfe Research lowered Equitable from an "outperform" rating to a "peer perform" rating in a research report on Thursday, July 9th. Zacks Research upgraded Equitable from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Barclays lifted their price objective on Equitable from $52.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and an average price target of $63.18.

Insider Activity

In related news, CAO William Eckert, IV sold 947 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.88, for a total transaction of $50,077.36. Following the completion of the sale, the chief accounting officer owned 8,419 shares of the company's stock, valued at $445,196.72. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nick Lane sold 14,923 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $53.24, for a total transaction of $794,500.52. Following the sale, the insider directly owned 110,007 shares of the company's stock, valued at $5,856,772.68. This trade represents a 11.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,816 shares of company stock valued at $1,731,591. Company insiders own 1.00% of the company's stock.

Equitable Stock Performance

Shares of EQH stock opened at $52.76 on Friday. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $55.22. The company's 50-day moving average is $52.33 and its 200 day moving average is $47.18. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of -15.94, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15.

Equitable (NYSE:EQH - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The business's revenue for the quarter was down 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Sell-side analysts expect that Equitable Holdings, Inc. will post 7.17 EPS for the current fiscal year.

Equitable Company Profile

Equitable Holdings, Inc NYSE: EQH is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.

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