Nisa Investment Advisors LLC lifted its position in AXA Equitable Holdings Inc (NYSE:EQH) by 672.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,392 shares of the company’s stock after acquiring an additional 58,664 shares during the period. Nisa Investment Advisors LLC’s holdings in AXA Equitable were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of EQH. BlackRock Inc. lifted its position in AXA Equitable by 40.4% during the first quarter. BlackRock Inc. now owns 26,272,619 shares of the company’s stock worth $529,130,000 after buying an additional 7,558,072 shares in the last quarter. Pzena Investment Management LLC lifted its position in AXA Equitable by 11.2% during the first quarter. Pzena Investment Management LLC now owns 15,899,582 shares of the company’s stock worth $320,218,000 after buying an additional 1,607,184 shares in the last quarter. FMR LLC lifted its position in AXA Equitable by 0.7% during the first quarter. FMR LLC now owns 5,966,246 shares of the company’s stock worth $120,161,000 after buying an additional 41,598 shares in the last quarter. Poplar Forest Capital LLC lifted its position in AXA Equitable by 32.2% during the first quarter. Poplar Forest Capital LLC now owns 2,341,418 shares of the company’s stock worth $47,156,000 after buying an additional 569,964 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in AXA Equitable by 42.4% during the fourth quarter. Deutsche Bank AG now owns 1,681,716 shares of the company’s stock worth $27,963,000 after buying an additional 500,350 shares in the last quarter. 50.94% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:EQH traded down $0.43 on Friday, reaching $20.69. The company’s stock had a trading volume of 1,726,544 shares, compared to its average volume of 2,888,832. AXA Equitable Holdings Inc has a 12-month low of $14.72 and a 12-month high of $23.21. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The company has a 50 day moving average of $21.67.
EQH has been the topic of a number of analyst reports. ValuEngine downgraded AXA Equitable from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, July 23rd. Finally, Citigroup lifted their price objective on AXA Equitable from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.00.
In other AXA Equitable news, major shareholder Axa sold 6,000,000 shares of AXA Equitable stock in a transaction on Monday, July 8th. The stock was sold at an average price of $20.85, for a total value of $125,100,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Pearson bought 49,000 shares of AXA Equitable stock in a transaction on Thursday, June 27th. The stock was acquired at an average price of $20.34 per share, for a total transaction of $996,660.00. The disclosure for this purchase can be found here. 0.16% of the stock is owned by insiders.
AXA Equitable 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.
Further Reading: The Structure of a Futures Contract
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