Equitable Holdings, Inc. (NYSE:EQH) Stock Position Lifted by State of Michigan Retirement System

State of Michigan Retirement System lifted its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 791.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,686 shares of the company's stock after purchasing an additional 74,300 shares during the period. State of Michigan Retirement System's holdings in Equitable were worth $2,787,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American International Group Inc. lifted its position in Equitable by 9.3% in the second quarter. American International Group Inc. now owns 4,007 shares of the company's stock valued at $104,000 after acquiring an additional 342 shares during the last quarter. Stephens Inc. AR lifted its position in Equitable by 3.7% in the second quarter. Stephens Inc. AR now owns 10,040 shares of the company's stock valued at $273,000 after acquiring an additional 360 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Equitable by 3.5% in the second quarter. Kestra Advisory Services LLC now owns 11,244 shares of the company's stock valued at $305,000 after acquiring an additional 378 shares during the last quarter. Ethic Inc. lifted its position in Equitable by 3.9% in the first quarter. Ethic Inc. now owns 10,458 shares of the company's stock valued at $323,000 after acquiring an additional 396 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Equitable by 1.5% in the third quarter. Teacher Retirement System of Texas now owns 27,566 shares of the company's stock valued at $783,000 after acquiring an additional 418 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQH. UBS Group boosted their price target on shares of Equitable from $34.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of Equitable from an "overweight" rating to a "neutral" rating and upped their target price for the company from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, Jefferies Financial Group upped their target price on shares of Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.89.

Insider Transactions at Equitable

In other Equitable news, insider Nick Lane sold 10,000 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.29, for a total transaction of $322,900.00. Following the transaction, the insider now directly owns 154,132 shares in the company, valued at $4,976,922.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Equitable news, insider Nick Lane sold 10,000 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.29, for a total transaction of $322,900.00. Following the transaction, the insider now directly owns 154,132 shares in the company, valued at $4,976,922.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Pearson sold 60,000 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the transaction, the chief executive officer now owns 619,625 shares in the company, valued at $20,063,457.50. The disclosure for this sale can be found here. Insiders have sold a total of 211,938 shares of company stock worth $7,213,072 over the last ninety days. 1.02% of the stock is currently owned by company insiders.

Equitable Trading Up 0.5 %

Shares of Equitable stock traded up $0.20 on Friday, reaching $37.79. 2,150,014 shares of the stock were exchanged, compared to its average volume of 2,447,367. Equitable Holdings, Inc. has a 1-year low of $21.89 and a 1-year high of $38.44. The business has a fifty day moving average price of $34.87 and a two-hundred day moving average price of $31.70. The firm has a market capitalization of $12.46 billion, a PE ratio of 11.18 and a beta of 1.42.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.50 billion. Research analysts expect that Equitable Holdings, Inc. will post 6 EPS for the current year.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.33%. Equitable's dividend payout ratio (DPR) is 26.04%.

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.