Redwood Investment Management LLC Sells 5,089 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Redwood Investment Management LLC decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,264 shares of the company's stock after selling 5,089 shares during the quarter. Redwood Investment Management LLC's holdings in Equitable were worth $1,428,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EQH. Bessemer Group Inc. grew its holdings in shares of Equitable by 111.2% during the 4th quarter. Bessemer Group Inc. now owns 678 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Assetmark Inc. boosted its position in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock valued at $38,000 after buying an additional 199 shares in the last quarter. Mizuho Bank Ltd. grew its stake in shares of Equitable by 61.4% during the fourth quarter. Mizuho Bank Ltd. now owns 1,130 shares of the company's stock worth $53,000 after buying an additional 430 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equitable by 298.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company's stock worth $80,000 after buying an additional 1,265 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Equitable by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $80,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company's stock.

Equitable Stock Performance

NYSE:EQH opened at $52.86 on Friday. Equitable Holdings, Inc. has a fifty-two week low of $36.46 and a fifty-two week high of $56.00. The company has a 50 day simple moving average of $50.11 and a two-hundred day simple moving average of $49.90. The company has a market capitalization of $16.06 billion, a PE ratio of 13.84 and a beta of 1.15. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.12 and a current ratio of 0.07.

Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. Equitable's quarterly revenue was up 105.2% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. Research analysts anticipate that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Insiders Place Their Bets

In other Equitable news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the sale, the chief operating officer now owns 104,298 shares of the company's stock, valued at approximately $5,776,023.24. This represents a 6.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,332 shares of company stock worth $4,141,315. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Equitable from $61.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their target price on Equitable from $68.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Evercore ISI reduced their price target on Equitable from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Truist Financial raised their price objective on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.08.

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.

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