Equitable (NYSE:EQH) COO Jeffrey Hurd Sells 6,790 Shares

Equitable Holdings, Inc. (NYSE:EQH) COO Jeffrey Hurd sold 6,790 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $43.28, for a total value of $293,871.20. Following the transaction, the chief operating officer directly owned 68,308 shares in the company, valued at $2,956,370.24. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Equitable Trading Up 0.5%

Shares of Equitable stock opened at $43.14 on Wednesday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13. The business has a fifty day simple moving average of $49.35 and a two-hundred day simple moving average of $51.76. Equitable Holdings, Inc. has a 1 year low of $41.39 and a 1 year high of $56.61. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of -15.63 and a beta of 1.17.

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

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.5%. Equitable’s dividend payout ratio is currently -39.13%.

Institutional Investors Weigh In On Equitable

A number of institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. acquired a new position in Equitable in the 3rd quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in shares of Equitable in the first quarter worth $27,000. True Wealth Design LLC increased its holdings in Equitable by 592.6% in the second quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 480 shares during the period. Orion Capital Management LLC bought a new position in Equitable during the 1st quarter worth $33,000. Finally, Root Financial Partners LLC acquired a new position in Equitable during the 3rd quarter worth about $36,000. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EQH shares. Wells Fargo & Company reduced their target price on Equitable from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Evercore ISI lifted their target price on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wolfe Research raised Equitable to a “strong-buy” rating in a research note on Tuesday, September 16th. 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 report on Tuesday, October 7th. Finally, Wall Street Zen lowered shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Equitable presently has an average rating of “Moderate Buy” and a consensus price target of $64.18.

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.