Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Position in Equitable Holdings, Inc. $EQH

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH) by 29.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 43,397 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Equitable were worth $2,435,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EQH. AustralianSuper Pty Ltd grew its holdings in Equitable by 18.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 883,545 shares of the company’s stock valued at $49,567,000 after purchasing an additional 134,716 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Equitable by 191.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 133,460 shares of the company’s stock worth $7,487,000 after purchasing an additional 87,618 shares during the period. Convergence Investment Partners LLC lifted its position in Equitable by 6.1% during the second quarter. Convergence Investment Partners LLC now owns 22,949 shares of the company’s stock valued at $1,287,000 after acquiring an additional 1,316 shares during the last quarter. Bessemer Group Inc. lifted its position in Equitable by 633.3% during the second quarter. Bessemer Group Inc. now owns 6,233 shares of the company’s stock valued at $350,000 after acquiring an additional 5,383 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Equitable by 21.2% during the second quarter. Envestnet Asset Management Inc. now owns 312,021 shares of the company’s stock valued at $17,504,000 after acquiring an additional 54,495 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Price Performance

Shares of EQH stock opened at $49.39 on Friday. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The company has a market capitalization of $14.80 billion, a PE ratio of 39.83 and a beta of 1.10. The firm’s 50-day moving average is $51.27 and its two-hundred day moving average is $51.99. The company has a debt-to-equity ratio of 4.94, a current ratio of 0.14 and a quick ratio of 0.14.

Analyst Upgrades and Downgrades

EQH has been the subject of a number of research analyst reports. Morgan Stanley decreased 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Equitable in a research note on Tuesday, October 14th. Barclays restated an “overweight” rating and set a $63.00 price target on shares of Equitable in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Evercore ISI lifted their target price on shares of Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.45.

Insider Activity at Equitable

In other Equitable news, CFO Robin M. Raju sold 36,888 shares of Equitable stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the sale, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. This trade represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 39,700 shares of Equitable stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 689,040 shares of the company’s stock, valued at $33,191,056.80. This trade represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 178,958 shares of company stock valued at $9,362,262 in the last ninety days. Insiders own 1.10% of the company’s stock.

About Equitable

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.