Insider Selling: Equitable (NYSE:EQH) Director Sells $52,830.00 in Stock

Key Points

• Director Arlene Isaacs-Lowe sold 1,000 Equitable shares for $52.83 each, totaling $52,830. Following the transaction, she retained 19,763 shares, a 4.82% reduction in ownership.
• Equitable shares fell 1.3% to $52.85 during Friday trading, while the company reported quarterly EPS of $1.70, beating estimates by $0.05. Revenue declined 29.8% year over year to $1.66 billion.
• The company pays a quarterly dividend of $0.30 per share, equivalent to a 2.3% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $61.75.

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) Director Arlene Isaacs-Lowe sold 1,000 shares of Equitable stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $52.83, for a total value of $52,830.00. Following the sale, the director owned 19,763 shares in the company, valued at $1,044,079.29. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Equitable Stock Down 1.3%

EQH stock traded down $0.69 during midday trading on Friday, hitting $52.85. The stock had a trading volume of 1,983,580 shares, compared to its average volume of 3,591,574. The business has a 50-day moving average of $48.86 and a two-hundred day moving average of $43.75. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of -15.97, a price-to-earnings-growth ratio of 0.50 and a beta of 1.10. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $55.15.

Equitable (NYSE:EQH - Get Free Report) last announced 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. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The company's revenue for the quarter was down 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.3%. Equitable's payout ratio is presently -36.25%.

Institutional Trading of Equitable

Several institutional investors have recently added to or reduced their stakes in EQH. Johnson Financial Group Inc. bought a new stake in shares of Equitable in the 3rd quarter worth $26,000. Root Financial Partners LLC lifted its holdings in shares of Equitable by 64.1% during the first quarter. Root Financial Partners LLC now owns 888 shares of the company's stock valued at $33,000 after purchasing an additional 347 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Equitable during the second quarter valued at $33,000. Covestor Ltd boosted its position in shares of Equitable by 124.7% during the fourth quarter. Covestor Ltd now owns 728 shares of the company's stock valued at $35,000 after buying an additional 404 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Equitable in the 3rd quarter worth about $38,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EQH. Evercore reaffirmed an "outperform" rating and set a $66.00 target price on shares of Equitable in a research note on Thursday, August 20th. Zacks Research upgraded Equitable from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. UBS Group raised their price objective on Equitable from $63.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on Equitable from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Finally, Barclays increased their target price on Equitable from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and an average target price of $61.75.

About Equitable

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.

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