Equitable (NYSE:EQH) Hits New 1-Year High at $40.85

Equitable Holdings, Inc. (NYSE:EQH - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $40.85 and last traded at $40.51, with a volume of 153565 shares. The stock had previously closed at $40.73.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Equitable from $41.00 to $43.00 and gave the company a "market perform" rating in a report on Tuesday, May 7th. Truist Financial upped their target price on Equitable from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Jefferies Financial Group upped their target price on Equitable from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, March 22nd. Morgan Stanley boosted their price target on Equitable from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Finally, Evercore ISI boosted their price target on Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $40.10.

Equitable Stock Performance

The company has a 50 day moving average of $37.48 and a 200-day moving average of $33.97. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 12.61 and a beta of 1.40.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.12. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.59 billion. Equitable's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, research analysts anticipate that Equitable Holdings, Inc. will post 6.08 EPS for the current year.

Insider Buying and Selling at Equitable

In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the sale, the insider now owns 88,660 shares of the company's stock, valued at approximately $3,374,399.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.24, for a total transaction of $1,087,200.00. Following the transaction, the chief executive officer now owns 685,025 shares in the company, valued at approximately $24,825,306. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Seth P. Bernstein sold 152,473 shares of the firm's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total value of $5,803,122.38. Following the transaction, the insider now owns 88,660 shares in the company, valued at approximately $3,374,399.60. The disclosure for this sale can be found here. Insiders have sold 314,380 shares of company stock valued at $11,518,571 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EQH. New Covenant Trust Company N.A. purchased a new position in shares of Equitable in the 1st quarter valued at approximately $28,000. iA Global Asset Management Inc. grew its stake in shares of Equitable by 4.8% in the 1st quarter. iA Global Asset Management Inc. now owns 6,132 shares of the company's stock valued at $233,000 after purchasing an additional 280 shares during the last quarter. Comerica Bank lifted its holdings in shares of Equitable by 5.4% in the 1st quarter. Comerica Bank now owns 145,409 shares of the company's stock valued at $5,527,000 after buying an additional 7,472 shares during the period. Redwood Investment Management LLC acquired a new stake in shares of Equitable in the 1st quarter valued at approximately $1,505,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Equitable by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 622,935 shares of the company's stock valued at $23,678,000 after buying an additional 13,841 shares during the period. Hedge funds and other institutional investors own 92.70% of the company's stock.

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.