Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC cut its position in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EQH. Norges Bank acquired a new position in Equitable in the 4th quarter valued at about $668,250,000. Wellington Management Group LLP grew its holdings in shares of Equitable by 59.9% in the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock valued at $415,899,000 after purchasing an additional 3,303,449 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Equitable by 608.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after buying an additional 1,261,466 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Equitable by 237.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock valued at $82,955,000 after buying an additional 1,236,799 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Equitable in the fourth quarter worth $53,927,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on EQH shares. JPMorgan Chase & Co. lifted their target price on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Truist Financial raised their target price on shares of Equitable from $52.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley raised their price objective on shares of Equitable from $58.00 to $67.00 and gave the company an "overweight" rating in a report on Monday. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.83.

Insiders Place Their Bets

In related news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at $7,109,411.76. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Pearson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $51.16, for a total value of $1,534,800.00. Following the completion of the sale, the chief executive officer now directly owns 753,206 shares of the company's stock, valued at $38,534,018.96. This represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,332 shares of company stock valued at $5,976,400. Insiders own 1.10% of the company's stock.

Equitable Stock Performance

NYSE:EQH traded down $1.34 during mid-day trading on Wednesday, reaching $52.37. 759,593 shares of the stock were exchanged, compared to its average volume of 2,593,070. The stock has a market capitalization of $15.91 billion, a P/E ratio of 13.73 and a beta of 1.15. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company has a 50 day simple moving average of $50.30 and a 200-day simple moving average of $50.10. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07.

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

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.