Equitable Holdings, Inc. $EQH Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,143 shares of the company’s stock after selling 393 shares during the period. Securian Asset Management Inc.’s holdings in Equitable were worth $1,298,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EQH. GAMMA Investing LLC grew its stake in Equitable by 23.3% during the first quarter. GAMMA Investing LLC now owns 10,371 shares of the company’s stock worth $540,000 after buying an additional 1,961 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Equitable by 26.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,841 shares of the company’s stock worth $1,815,000 after buying an additional 7,240 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Equitable during the first quarter worth approximately $252,000. Asset Management One Co. Ltd. grew its stake in Equitable by 15.1% during the first quarter. Asset Management One Co. Ltd. now owns 154,482 shares of the company’s stock worth $8,047,000 after buying an additional 20,317 shares during the period. Finally, PDS Planning Inc purchased a new stake in Equitable during the first quarter worth approximately $230,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equitable

In other Equitable news, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $51.86, for a total transaction of $134,836.00. Following the transaction, the director directly owned 26,001 shares in the company, valued at $1,348,411.86. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $48.17, for a total transaction of $1,912,349.00. Following the transaction, the chief executive officer owned 689,040 shares in the company, valued at $33,191,056.80. This trade represents a 5.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,958 shares of company stock valued at $9,362,262. 1.10% of the stock is owned by insiders.

Equitable Stock Up 1.7%

Shares of NYSE EQH opened at $48.70 on Friday. Equitable Holdings, Inc. has a 1 year low of $41.39 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 39.27 and a beta of 1.10. The stock’s 50-day simple moving average is $51.79 and its 200-day simple moving average is $51.87.

Analyst Ratings Changes

Several equities research analysts have issued reports on EQH shares. Wolfe Research upgraded shares of Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. raised their price target on shares of Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Morgan Stanley lowered their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equitable in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.