48,328 Shares in Equitable Holdings, Inc. $EQH Bought by Man Group plc

Man Group plc bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 48,328 shares of the company’s stock, valued at approximately $2,121,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Johnson Financial Group Inc. acquired a new stake in Equitable in the 3rd quarter worth $26,000. Covestor Ltd raised its position in shares of Equitable by 124.7% during the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after buying an additional 404 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Equitable in the third quarter valued at about $38,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Equitable during the second quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. increased its stake in Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 14,358 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $45.11, for a total transaction of $647,689.38. Following the transaction, the chief operating officer directly owned 74,748 shares in the company, valued at approximately $3,371,882.28. This represents a 16.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $48.54, for a total transaction of $1,927,038.00. Following the sale, the chief executive officer directly owned 753,403 shares of the company’s stock, valued at approximately $36,570,181.62. This trade represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 114,541 shares of company stock worth $5,357,784. Insiders own 1.00% of the company’s stock.

Equitable Stock Down 1.5%

NYSE:EQH opened at $49.40 on Wednesday. The company has a market cap of $13.49 billion, a price-to-earnings ratio of -14.92, a P/E/G ratio of 0.49 and a beta of 1.09. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. The stock’s fifty day moving average price is $48.50 and its two-hundred day moving average price is $43.63. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $55.15.

Equitable (NYSE:EQH) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The business’s revenue for the quarter was down 29.8% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. On average, analysts anticipate that Equitable Holdings, Inc. will post 7.18 EPS for the current year.

Equitable Dividend Announcement

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

Analyst Ratings Changes

EQH has been the topic of several recent research reports. Weiss Ratings lowered Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Wolfe Research cut Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. UBS Group lifted their price target on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Barclays boosted their price target 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, Jefferies Financial Group increased their price objective on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

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.