TrinityBridge Ltd Sells 17,000 Shares of Equitable Holdings, Inc. $EQH

TrinityBridge Ltd lessened its stake in Equitable Holdings, Inc. (NYSE:EQH) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 373,370 shares of the company’s stock after selling 17,000 shares during the quarter. TrinityBridge Ltd owned approximately 0.14% of Equitable worth $19,133,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Equitable in the second quarter valued at $1,136,305,000. Canada Pension Plan Investment Board bought a new stake in shares of Equitable in the 2nd quarter worth about $399,576,000. Pzena Investment Management LLC bought a new stake in shares of Equitable in the 2nd quarter worth about $244,052,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Equitable during the 2nd quarter valued at about $208,146,000. Finally, Conifer Management L.L.C. purchased a new stake in shares of Equitable during the 2nd quarter valued at about $184,296,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Insider Activity

In other news, Director Craig MacKay sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $51.37, for a total value of $113,014.00. Following the sale, the director directly owned 18,999 shares in the company, valued at approximately $975,978.63. This represents a 10.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bertram Scott sold 2,780 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $54.35, for a total value of $151,093.00. Following the completion of the sale, the director owned 23,685 shares in the company, valued at approximately $1,287,279.75. The trade was a 10.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,816 shares of company stock valued at $1,731,591. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Barclays upped their price objective on Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Jefferies Financial Group raised their price objective on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 target price on shares of Equitable in a report on Friday, October 9th. Finally, Evercore reissued an “outperform” rating and set a $66.00 target price on shares of Equitable in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.18.

Equitable News Summary

Here are the key news stories impacting Equitable this week:

• Positive Sentiment: Equitable reported Q3 adjusted earnings of $2.13 per share, above analyst estimates of roughly $1.86–$1.87 and up from $1.48 a year earlier. Revenue of $3.88 billion also topped the $3.75 billion consensus estimate. The earnings and revenue beats support the positive investor reaction. Article: Equitable Holdings Surpasses Q3 Earnings Estimates
• Neutral Sentiment: Management’s earnings-call coverage cited growth and progress on the Corebridge merger. The reports provided here do not specify deal terms or a completion timeline, so the merger’s eventual impact remains uncertain. Article: Equitable Earnings Call Highlights Growth and Merger Progress

Equitable Stock Performance

Shares of NYSE:EQH opened at $55.34 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $56.57. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.53 and a beta of 1.06. The firm’s 50-day moving average is $52.92 and its 200 day moving average is $45.98.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 2nd. The company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.27. Equitable had a net margin of 11.53% and a return on equity of 636.12%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm’s quarterly revenue was up 167.7% compared to the same quarter last year. Research analysts predict that Equitable Holdings, Inc. will post 7.16 EPS for the current year.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.