Nick Lane Sells 30,000 Shares of Equitable (NYSE:EQH) Stock

Equitable Holdings, Inc. (NYSE:EQH) insider Nick Lane sold 30,000 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $47.65, for a total value of $1,429,500.00. Following the completion of the sale, the insider owned 99,958 shares in the company, valued at $4,762,998.70. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nick Lane also recently made the following trade(s):

• On Thursday, December 18th, Nick Lane sold 30,000 shares of Equitable stock. The stock was sold at an average price of $47.87, for a total transaction of $1,436,100.00.

Equitable Price Performance

Shares of Equitable stock traded down $0.51 during mid-day trading on Friday, reaching $46.80. 2,571,716 shares of the stock were exchanged, compared to its average volume of 2,396,885. Equitable Holdings, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $56.61. The company has a market cap of $13.41 billion, a price-to-earnings ratio of -16.96 and a beta of 1.13. The firm has a 50-day simple moving average of $46.84 and a 200 day simple moving average of $50.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 11.87.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The business’s revenue was down 52.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. On average, sell-side analysts predict that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Equitable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. Equitable’s dividend payout ratio is currently -39.13%.

Institutional Investors Weigh In On Equitable

Several large investors have recently bought and sold shares of EQH. Johnson Financial Group Inc. bought a new position in Equitable during the third quarter worth about $26,000. True Wealth Design LLC increased its stake in Equitable by 592.6% during the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock worth $31,000 after purchasing an additional 480 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Equitable during the 3rd quarter worth approximately $36,000. Hilltop National Bank bought a new position in Equitable in the third quarter valued at approximately $37,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Equitable during the third quarter worth $38,000. Institutional investors own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

EQH has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company lowered their price objective on Equitable from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday. Mizuho set a $65.00 price target on shares of Equitable in a research report on Wednesday. Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Equitable in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $62.54.

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.