AXA Equitable (NYSE:EQH) had its price target increased by Barclays from $18.00 to $20.00 in a report issued on Monday, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on EQH. Zacks Investment Research downgraded shares of AXA Equitable from a buy rating to a hold rating in a report on Wednesday, December 5th. ValuEngine downgraded shares of AXA Equitable from a hold rating to a sell rating in a report on Friday, December 21st. Finally, Wells Fargo & Co initiated coverage on shares of AXA Equitable in a report on Tuesday, January 8th. They set a market perform rating and a $20.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. AXA Equitable has an average rating of Buy and an average target price of $24.54.

Shares of EQH stock opened at $21.37 on Monday. AXA Equitable has a one year low of $14.72 and a one year high of $23.21. The stock has a market cap of $10.33 billion and a P/E ratio of 5.49.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, March 4th. AXA Equitable’s payout ratio is presently 13.37%.

In other news, major shareholder Axa sold 46,000,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $19.99, for a total value of $919,540,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of EQH. Oregon Public Employees Retirement Fund bought a new position in shares of AXA Equitable in the 4th quarter worth approximately $44,000. American International Group Inc. lifted its stake in shares of AXA Equitable by 44.6% in the 4th quarter. American International Group Inc. now owns 3,610 shares of the company’s stock worth $60,000 after purchasing an additional 1,114 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of AXA Equitable by 44.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock worth $81,000 after purchasing an additional 1,507 shares during the period. LS Investment Advisors LLC bought a new position in shares of AXA Equitable in the 4th quarter worth approximately $87,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of AXA Equitable by 42.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,219 shares of the company’s stock worth $120,000 after purchasing an additional 2,138 shares during the period. Hedge funds and other institutional investors own 48.00% of the company’s stock.

AXA Equitable Company Profile

AXA Equitable Holdings, Inc provides various financial services worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products, which are primarily sold to affluent and high net worth individuals.

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Analyst Recommendations for AXA Equitable (NYSE:EQH)

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