Insider Selling: AXA Equitable Holdings Inc (NYSE:EQH) Major Shareholder Sells 3,000,000 Shares of Stock
AXA Equitable Holdings Inc (NYSE:EQH) major shareholder Axa sold 3,000,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $24.21, for a total transaction of $72,630,000.00. Following the completion of the transaction, the insider now owns 44,162,500 shares of the company’s stock, valued at approximately $1,069,174,125. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Axa also recently made the following trade(s):
- On Wednesday, November 13th, Axa sold 144,000,000 shares of AXA Equitable stock. The shares were sold at an average price of $21.80, for a total transaction of $3,139,200,000.00.
Shares of NYSE:EQH opened at $24.86 on Friday. The stock has a market cap of $11.29 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.72 and a beta of 1.44. The firm has a fifty day moving average price of $23.54 and a 200 day moving average price of $21.87. AXA Equitable Holdings Inc has a 1-year low of $14.72 and a 1-year high of $25.17.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, November 15th. AXA Equitable’s dividend payout ratio is currently 15.42%.
Several research analysts have recently issued reports on EQH shares. Wells Fargo & Co restated a “hold” rating and issued a $23.00 target price on shares of AXA Equitable in a report on Monday, November 11th. Zacks Investment Research upgraded shares of AXA Equitable from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a report on Monday, November 11th. Morgan Stanley lowered their target price on shares of AXA Equitable from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Finally, ValuEngine cut shares of AXA Equitable from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.50.
A number of large investors have recently modified their holdings of EQH. Catalyst Capital Advisors LLC raised its position in AXA Equitable by 55.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,334 shares of the company’s stock worth $30,000 after buying an additional 474 shares during the last quarter. Advisor Group Inc. raised its position in AXA Equitable by 38.4% during the 2nd quarter. Advisor Group Inc. now owns 2,104 shares of the company’s stock worth $44,000 after buying an additional 584 shares during the last quarter. Metropolitan Life Insurance Co NY raised its position in AXA Equitable by 18.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock worth $116,000 after buying an additional 898 shares during the last quarter. Signaturefd LLC raised its position in AXA Equitable by 118.2% during the 2nd quarter. Signaturefd LLC now owns 6,501 shares of the company’s stock worth $136,000 after buying an additional 3,521 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in AXA Equitable by 1,837.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,990 shares of the company’s stock worth $188,000 after buying an additional 8,526 shares during the last quarter. Hedge funds and other institutional investors own 63.02% of the company’s stock.
AXA Equitable Company Profile
AXA Equitable Holdings, Inc operates as a diversified financial services company 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 primarily to affluent and high net worth individuals.
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