Mutual of America Capital Management LLC Purchases Shares of 196,613 Equitable Holdings, Inc. (NYSE:EQH)

Mutual of America Capital Management LLC bought a new stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 196,613 shares of the company's stock, valued at approximately $6,547,000. Mutual of America Capital Management LLC owned 0.06% of Equitable as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in EQH. Pacer Advisors Inc. acquired a new stake in shares of Equitable during the 4th quarter worth approximately $1,573,000. Ellsworth Advisors LLC bought a new position in Equitable in the fourth quarter worth $894,000. State of Michigan Retirement System boosted its stake in Equitable by 791.6% during the fourth quarter. State of Michigan Retirement System now owns 83,686 shares of the company's stock worth $2,787,000 after buying an additional 74,300 shares in the last quarter. Northern Trust Corp increased its holdings in Equitable by 1.5% in the 3rd quarter. Northern Trust Corp now owns 3,176,991 shares of the company's stock valued at $90,195,000 after buying an additional 45,999 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Equitable by 54.3% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 58,163 shares of the company's stock valued at $1,651,000 after buying an additional 20,470 shares in the last quarter. 92.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Equitable Price Performance

Shares of NYSE:EQH traded down $0.56 during midday trading on Friday, reaching $36.50. The company's stock had a trading volume of 1,969,803 shares, compared to its average volume of 2,348,209. The business's fifty day simple moving average is $35.30 and its 200-day simple moving average is $32.01. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.44. The company has a market capitalization of $11.96 billion, a P/E ratio of 10.80 and a beta of 1.42.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. On average, analysts forecast that Equitable Holdings, Inc. will post 6 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable's dividend payout ratio (DPR) is presently 26.04%.

Analyst Ratings Changes

EQH has been the topic of a number of analyst reports. 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 research note on Wednesday, January 3rd. Wells Fargo & Company increased their target price on Equitable from $43.00 to $46.00 and gave the stock an "overweight" rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on Equitable from $39.00 to $41.00 and gave the company a "market perform" rating in a research note on Wednesday. Evercore ISI increased their price objective on Equitable from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of Equitable from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Equitable has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

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.