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

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 236,247 shares of the company’s stock after acquiring an additional 23,250 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.08% of Equitable worth $11,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in shares of Equitable by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,936 shares of the company’s stock worth $846,000 after acquiring an additional 448 shares during the period. Atomi Financial Group Inc. boosted its holdings in Equitable by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock valued at $310,000 after purchasing an additional 209 shares in the last quarter. Aspiriant LLC purchased a new stake in Equitable in the 4th quarter valued at approximately $214,000. MassMutual Private Wealth & Trust FSB increased its position in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock worth $80,000 after purchasing an additional 1,265 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Equitable by 26.1% during the 4th quarter. UMB Bank n.a. now owns 1,954 shares of the company’s stock worth $92,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Insider Activity at Equitable

In other news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the sale, the chief operating officer now owns 105,246 shares in the company, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the completion of the transaction, the chief executive officer now owns 648,555 shares of the company’s stock, valued at $30,760,963.65. This trade represents a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,698 shares of company stock worth $7,904,806. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BMO Capital Markets began coverage on Equitable in a report on Thursday. They set an “outperform” rating and a $70.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $58.00 in a report on Friday, January 10th. JPMorgan Chase & Co. upped their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays lifted their price target on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Equitable has an average rating of “Moderate Buy” and an average price target of $53.67.

Equitable Trading Down 0.3 %

NYSE EQH opened at $53.04 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a one year low of $31.76 and a one year high of $53.99. The company’s 50 day moving average price is $48.20 and its 200 day moving average price is $44.50.

Equitable (NYSE:EQH) last posted its earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The business’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

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.