Equitable Holdings, Inc. $EQH Shares Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,142,337 shares of the company’s stock after purchasing an additional 148,132 shares during the quarter. Equitable accounts for 2.2% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Thornburg Investment Management Inc. owned approximately 1.88% of Equitable worth $225,646,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after buying an additional 424 shares during the last quarter. Jump Financial LLC acquired a new stake in Equitable in the 2nd quarter valued at about $1,712,000. Gamco Investors INC. ET AL purchased a new position in Equitable during the 2nd quarter valued at about $1,133,000. Qube Research & Technologies Ltd increased its holdings in Equitable by 1,126.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 291,126 shares of the company’s stock valued at $16,332,000 after acquiring an additional 267,389 shares in the last quarter. Finally, Sei Investments Co. raised its position in Equitable by 45.8% during the second quarter. Sei Investments Co. now owns 626,017 shares of the company’s stock worth $35,120,000 after acquiring an additional 196,729 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Stock Performance

Shares of NYSE EQH opened at $50.15 on Friday. The company has a market cap of $13.69 billion, a PE ratio of -15.15, a price-to-earnings-growth ratio of 0.49 and a beta of 1.09. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.15. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. The company has a 50-day simple moving average of $48.30 and a 200-day simple moving average of $43.58.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was down 29.8% compared to the same quarter last year. On average, equities analysts anticipate that Equitable Holdings, Inc. will post 7.18 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 3rd. Equitable’s dividend payout ratio is currently -36.25%.

Insider Buying and Selling at Equitable

In related news, Director Charles G.T. Stonehill sold 7,500 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $51.54, for a total transaction of $386,550.00. Following the transaction, the director directly owned 34,357 shares in the company, valued at approximately $1,770,759.78. This represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Craig C. Mackay sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total value of $113,014.00. Following the completion of the sale, the director directly owned 18,999 shares in the company, valued at approximately $975,978.63. The trade was a 10.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 114,541 shares of company stock valued at $5,357,784. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EQH. Zacks Research upgraded shares of Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Barclays lifted their price objective on Equitable from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group upped their target price on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wolfe Research downgraded Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their price target on Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Equitable Company Profile

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.