AXA Equitable (NYSE:EQH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “AXA Equitable Holdings Inc. provides financial services which includes investment management insights and advisory solutions. The Company’s operating segments consists of Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions and Corporate and Other. AXA Equitable Holdings Inc. is based in New York. “

Several other equities research analysts have also issued reports on the stock. Wells Fargo & Co began coverage on shares of AXA Equitable in a report on Tuesday, January 8th. They issued a “market perform” rating and a $20.00 target price for the company. ValuEngine raised shares of AXA Equitable from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.62.

AXA Equitable stock opened at $18.23 on Thursday. AXA Equitable has a 12-month low of $14.72 and a 12-month high of $23.21.

AXA Equitable (NYSE:EQH) last released its earnings results on Tuesday, November 13th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.32. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $3.16 billion. On average, equities research analysts forecast that AXA Equitable will post 3.87 EPS for the current fiscal year.

In other AXA Equitable news, major shareholder Axa sold 60,000,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $19.74, for a total transaction of $1,184,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC purchased a new stake in AXA Equitable during the 2nd quarter valued at approximately $598,000. Bank of America Corp DE purchased a new stake in AXA Equitable during the 2nd quarter valued at approximately $3,319,000. Vanguard Group Inc. grew its holdings in AXA Equitable by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,848,848 shares of the company’s stock valued at $275,608,000 after buying an additional 233,204 shares in the last quarter. Wells Fargo & Company MN grew its holdings in AXA Equitable by 498.8% during the 3rd quarter. Wells Fargo & Company MN now owns 109,324 shares of the company’s stock valued at $2,345,000 after buying an additional 91,068 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in AXA Equitable during the 3rd quarter valued at approximately $5,252,000. 28.11% of the stock is owned by institutional investors and hedge funds.

AXA Equitable Company Profile

AXA Equitable Holdings, Inc provides various financial services worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products, which are primarily sold to affluent and high net worth individuals.

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