Allianz Asset Management GmbH Has $21.11 Million Stock Position in Equitable Holdings, Inc. $EQH

Allianz Asset Management GmbH lowered its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 28.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,202 shares of the company’s stock after selling 148,732 shares during the quarter. Allianz Asset Management GmbH’s holdings in Equitable were worth $21,105,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of Equitable during the 1st quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of Equitable during the 1st quarter worth approximately $33,000. Geneos Wealth Management Inc. raised its stake in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of Equitable during the 2nd quarter worth approximately $75,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Equitable during the 1st quarter worth approximately $80,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Up 0.4%

EQH opened at $47.43 on Monday. Equitable Holdings, Inc. has a 1-year low of $41.39 and a 1-year high of $56.61. The stock’s fifty day simple moving average is $52.27 and its 200 day simple moving average is $51.87. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The stock has a market cap of $14.21 billion, a PE ratio of 38.25 and a beta of 1.10.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 5th. Equitable’s dividend payout ratio is currently 87.10%.

Insider Transactions at Equitable

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $51.86, for a total value of $134,836.00. Following the transaction, the director directly owned 26,001 shares of the company’s stock, valued at $1,348,411.86. This represents a 9.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robin M. Raju sold 36,888 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the completion of the transaction, the chief financial officer directly owned 140,258 shares in the company, valued at approximately $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,258 shares of company stock valued at $7,449,913. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

EQH has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on Equitable from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Evercore ISI upped their price objective on Equitable from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Keefe, Bruyette & Woods upped their price objective on Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Finally, Wall Street Zen cut Equitable from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.45.

Equitable 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.