Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,300 shares of the company’s stock after purchasing an additional 8,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Equitable were worth $3,207,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in shares of Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after buying an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Equitable in the second quarter worth about $110,176,000. Samlyn Capital LLC acquired a new position in Equitable in the second quarter valued at approximately $63,334,000. Northern Trust Corp grew its holdings in shares of Equitable by 24.6% during the fourth quarter. Northern Trust Corp now owns 3,958,417 shares of the company’s stock valued at $131,815,000 after purchasing an additional 781,426 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares during the period. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In related news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the transaction, the chief executive officer now directly owns 668,555 shares in the company, valued at $27,263,672.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,469 shares of company stock worth $3,067,434 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Equitable Price Performance

Shares of NYSE:EQH opened at $42.83 on Wednesday. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 13.26 and a beta of 1.41. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. Equitable Holdings, Inc. has a 12 month low of $24.65 and a 12 month high of $44.50. The stock’s 50 day moving average price is $40.83 and its 200 day moving average price is $40.15.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Equities research analysts anticipate that Equitable Holdings, Inc. will post 6.01 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.24 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.24%. Equitable’s dividend payout ratio is currently 29.72%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods upped their price target on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. UBS Group downgraded shares of Equitable from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $40.00 to $43.00 in a research report on Tuesday, June 18th. Citigroup upped their target price on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Truist Financial lifted their price target on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.30.

Equitable Profile

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.