William James Iv Eckert Sells 6,200 Shares of Equitable (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) CAO William James Iv Eckert sold 6,200 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $41.83, for a total value of $259,346.00. Following the completion of the transaction, the chief accounting officer directly owned 9,366 shares of the company’s stock, valued at $391,779.78. This trade represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

William James Iv Eckert also recently made the following trade(s):

• On Friday, May 15th, William James Iv Eckert sold 7,300 shares of Equitable stock. The shares were sold at an average price of $42.48, for a total value of $310,104.00.

Equitable Stock Performance

Shares of EQH opened at $43.55 on Friday. The stock has a 50 day moving average price of $41.09 and a 200 day moving average price of $43.19. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of -15.33, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $56.61.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.95 billion. Equitable had a positive return on equity of 232.29% and a negative net margin of 7.26%.The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 earnings per share. Research analysts predict that Equitable Holdings, Inc. will post 7.07 EPS for the current fiscal year.

Equitable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Equitable’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Equitable’s dividend payout ratio is currently -42.25%.

Institutional Investors Weigh In On Equitable

Several large investors have recently modified their holdings of the stock. Essential Partners LLC raised its stake in shares of Equitable by 245.2% during the first quarter. Essential Partners LLC now owns 1,084 shares of the company’s stock worth $40,000 after purchasing an additional 770 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Equitable by 15.8% during the first quarter. Bank of America Corp DE now owns 889,016 shares of the company’s stock worth $32,991,000 after purchasing an additional 121,261 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Equitable by 78.7% during the first quarter. Janus Henderson Group PLC now owns 61,432 shares of the company’s stock worth $2,280,000 after purchasing an additional 27,052 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Equitable by 18.3% during the first quarter. South Dakota Investment Council now owns 377,662 shares of the company’s stock worth $14,015,000 after purchasing an additional 58,506 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Equitable by 26.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,501 shares of the company’s stock worth $93,000 after purchasing an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EQH shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Equitable in a report on Friday, May 29th. Barclays increased their price objective on Equitable from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Morgan Stanley decreased their price objective on Equitable from $59.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company increased their price objective on Equitable from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Raymond James Financial set a $58.00 price objective on Equitable and gave the company a “strong-buy” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.64.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.