Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 424,756 shares of the company's stock after selling 285,213 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of Equitable worth $14,144,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EQH. Pzena Investment Management LLC increased its position in shares of Equitable by 10.0% during the third quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company's stock valued at $763,764,000 after buying an additional 2,450,484 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Equitable by 1,105.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,242,941 shares of the company's stock worth $41,390,000 after acquiring an additional 1,139,814 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Equitable by 4,172.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 593,017 shares of the company's stock worth $16,836,000 after acquiring an additional 579,137 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Equitable by 1.1% during the third quarter. Vanguard Group Inc. now owns 37,565,700 shares of the company's stock valued at $1,066,490,000 after purchasing an additional 402,720 shares in the last quarter. Finally, Retirement Systems of Alabama purchased a new stake in Equitable in the fourth quarter worth $13,270,000. 92.70% of the stock is owned by institutional investors.

Equitable Price Performance

NYSE EQH traded up $0.49 during mid-day trading on Friday, reaching $40.73. The stock had a trading volume of 2,060,827 shares, compared to its average volume of 2,656,287. The company has a fifty day moving average price of $37.48 and a 200 day moving average price of $33.97. Equitable Holdings, Inc. has a 1 year low of $24.23 and a 1 year high of $40.76. The stock has a market cap of $13.25 billion, a PE 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 for the quarter, topping the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on Equitable from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, May 10th. Morgan Stanley boosted their price objective on shares of Equitable from $39.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. Truist Financial raised their target price on shares of Equitable from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods boosted their price target on Equitable from $41.00 to $43.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 7th. Finally, Evercore ISI raised their price objective on Equitable from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and a consensus price target of $40.10.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 60,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $33.77, for a total transaction of $2,026,200.00. Following the sale, the chief executive officer now owns 703,254 shares of the company's stock, valued at approximately $23,748,887.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Equitable news, insider Seth P. Bernstein sold 152,473 shares of the firm's 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 transaction, the insider now directly owns 88,660 shares of the company's stock, valued at $3,374,399.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 60,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $33.77, for a total value of $2,026,200.00. Following the sale, the chief executive officer now owns 703,254 shares of the company's stock, valued at $23,748,887.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 314,380 shares of company stock valued at $11,518,571. 1.10% of the stock is owned by insiders.

Equitable 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.