Four Tree Island Advisory LLC Acquires Shares of 379,043 Equitable Holdings, Inc. $EQH

Four Tree Island Advisory LLC acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 379,043 shares of the company’s stock, valued at approximately $16,632,000. Equitable comprises about 5.5% of Four Tree Island Advisory LLC’s portfolio, making the stock its 8th largest position. Four Tree Island Advisory LLC owned about 0.14% of Equitable at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQH. Johnson Financial Group Inc. acquired a new position in Equitable during the third quarter valued at $26,000. Root Financial Partners LLC grew its position in Equitable by 64.1% during the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock worth $33,000 after purchasing an additional 347 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Equitable in the 2nd quarter valued at about $33,000. Covestor Ltd lifted its holdings in shares of Equitable by 124.7% in the 4th quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after buying an additional 404 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Equitable in the third quarter worth about $38,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, Director Bertram L. Scott sold 1,466 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $51.15, for a total transaction of $74,985.90. Following the completion of the transaction, the director directly owned 26,465 shares in the company, valued at approximately $1,353,684.75. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William James Iv Eckert sold 947 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.88, for a total transaction of $50,077.36. Following the transaction, the chief accounting officer directly owned 8,419 shares in the company, valued at approximately $445,196.72. The trade was a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,541 shares of company stock worth $5,357,784 in the last 90 days. 1.00% of the stock is owned by insiders.

Equitable Stock Performance

NYSE EQH opened at $50.93 on Wednesday. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of -15.39, a PEG ratio of 0.52 and a beta of 1.09. The stock has a 50-day moving average of $47.51 and a 200 day moving average of $43.34. 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 twelve month low of $35.19 and a twelve month high of $55.15.

Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.Equitable’s quarterly revenue was down 29.8% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.15 EPS for the current fiscal year.

Equitable Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQH. UBS Group lifted their price target on Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their price objective on Equitable from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Wolfe Research cut shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Barclays lifted their target price on shares of Equitable from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.17.

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.