Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in Equitable Holdings, Inc. (NYSE:EQH) by 68.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,717 shares of the company’s stock after selling 998,059 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.13% of Equitable worth $15,142,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EQH. Vanguard Group Inc. lifted its holdings in shares of Equitable by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,143,567 shares of the company’s stock worth $1,240,838,000 after purchasing an additional 854,689 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Equitable by 3.8% in the 1st quarter. BlackRock Inc. now owns 33,444,638 shares of the company’s stock worth $849,159,000 after purchasing an additional 1,223,193 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Equitable by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 26,902,560 shares of the company’s stock worth $763,764,000 after purchasing an additional 2,450,484 shares during the last quarter. Norges Bank bought a new stake in shares of Equitable in the 4th quarter worth approximately $553,559,000. Finally, State Street Corp lifted its holdings in shares of Equitable by 3.5% in the 1st quarter. State Street Corp now owns 9,933,563 shares of the company’s stock worth $252,213,000 after purchasing an additional 336,694 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Price Performance

Shares of Equitable stock traded up $0.04 during trading on Friday, hitting $38.01. The stock had a trading volume of 1,636,862 shares, compared to its average volume of 2,986,701. The firm has a market cap of $12.53 billion, a P/E ratio of 11.25 and a beta of 1.41. The business has a fifty day moving average of $34.43 and a two-hundred day moving average of $31.38. Equitable Holdings, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $38.32.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.50 billion. As a group, research analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s dividend payout ratio is 26.04%.

Insider Activity

In other news, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $33.07, for a total transaction of $1,984,200.00. Following the completion of the sale, the chief executive officer now directly owns 639,625 shares of the company’s stock, valued at $21,152,398.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $33.07, for a total transaction of $1,984,200.00. Following the transaction, the chief executive officer now directly owns 639,625 shares of the company’s stock, valued at $21,152,398.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $32.29, for a total value of $322,900.00. Following the transaction, the insider now directly owns 154,132 shares in the company, valued at $4,976,922.28. The disclosure for this sale can be found here. Insiders sold a total of 241,938 shares of company stock valued at $8,067,472 over the last three months. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on EQH shares. UBS Group lifted their target price on Equitable from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lowered Equitable from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Jefferies Financial Group boosted their price target on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods lowered Equitable from an “outperform” rating to a “market perform” rating and set a $34.00 price target for the company. in a research report on Tuesday, December 5th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

Equitable Company 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.