Equitable Holdings, Inc. (NYSE:EQH) Receives $37.45 Consensus Target Price from Analysts

Shares of Equitable Holdings, Inc. (NYSE:EQH) have received an average recommendation of “Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.45.

Several research analysts recently weighed in on EQH shares. Zacks Investment Research upgraded Equitable from a “sell” rating to a “hold” rating in a research report on Wednesday, February 24th. UBS Group started coverage on Equitable in a research report on Monday, April 26th. They set a “buy” rating and a $44.00 price target for the company. Truist Securities lifted their price target on Equitable from $37.00 to $43.00 in a research report on Tuesday, May 11th. JPMorgan Chase & Co. lifted their price target on Equitable from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, April 5th. Finally, Credit Suisse Group lifted their price target on Equitable from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, March 10th.

In other news, insider Nick Lane sold 23,352 shares of the company’s stock in a transaction on Wednesday, March 24th. The stock was sold at an average price of $31.46, for a total value of $734,653.92. Also, EVP Dave S. Hattem sold 3,000 shares of the company’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $32.27, for a total value of $96,810.00. The disclosure for this sale can be found here. Insiders have sold 282,732 shares of company stock worth $9,246,966 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Ellevest Inc. purchased a new stake in Equitable during the 1st quarter worth about $48,000. Eaton Vance Management purchased a new position in shares of Equitable in the 1st quarter valued at about $66,000. Pinebridge Investments L.P. purchased a new position in shares of Equitable in the 1st quarter valued at about $92,000. AGF Investments LLC purchased a new position in shares of Equitable in the 4th quarter valued at about $75,000. Finally, Captrust Financial Advisors purchased a new position in shares of Equitable in the 1st quarter valued at about $121,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Equitable stock opened at $30.69 on Tuesday. Equitable has a 52 week low of $17.33 and a 52 week high of $35.46. The firm has a market capitalization of $13.14 billion, a P/E ratio of -15.39 and a beta of 1.67. The business’s 50-day moving average price is $33.16.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 7th. Shareholders of record on Monday, May 31st were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, May 27th. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. This is a positive change from Equitable’s previous quarterly dividend of $0.17. Equitable’s payout ratio is 14.43%.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company 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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Analyst Recommendations for Equitable (NYSE:EQH)

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