Machina Capital S.A.S. Takes $479,000 Position in Equitable Holdings, Inc. (NYSE:EQH)

Machina Capital S.A.S. purchased a new position in Equitable Holdings, Inc. (NYSE:EQH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,380 shares of the company’s stock, valued at approximately $479,000.

Other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank increased its stake in shares of Equitable by 185.4% during the 4th quarter. Amalgamated Bank now owns 232,922 shares of the company’s stock worth $7,756,000 after purchasing an additional 151,313 shares during the last quarter. Summit Global Investments purchased a new position in shares of Equitable in the fourth quarter worth about $1,064,000. Van ECK Associates Corp bought a new stake in shares of Equitable in the fourth quarter valued at approximately $80,000. Retirement Systems of Alabama purchased a new stake in shares of Equitable during the 4th quarter valued at approximately $13,270,000. Finally, Truist Financial Corp boosted its holdings in Equitable by 9.5% in the 4th quarter. Truist Financial Corp now owns 7,888 shares of the company’s stock worth $263,000 after buying an additional 684 shares during the period. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In other news, insider Nick Lane sold 20,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.02, for a total transaction of $680,400.00. Following the transaction, the insider now directly owns 144,132 shares of the company’s stock, valued at approximately $4,903,370.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Nick Lane sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total transaction of $680,400.00. Following the completion of the sale, the insider now owns 144,132 shares of the company’s stock, valued at approximately $4,903,370.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles G.T. Stonehill sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $34.02, for a total transaction of $170,100.00. Following the sale, the director now owns 29,758 shares of the company’s stock, valued at $1,012,367.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 334,380 shares of company stock worth $12,198,971. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price target on Equitable from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Truist Financial upped their price target on shares of Equitable from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley upped their target price on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their price target on shares of Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price target on Equitable from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.10.

Equitable Stock Up 1.6 %

Shares of NYSE EQH traded up $0.62 during midday trading on Monday, hitting $39.16. The stock had a trading volume of 2,674,380 shares, compared to its average volume of 2,647,565. The company has a market cap of $12.74 billion, a P/E ratio of 12.12 and a beta of 1.40. The business’s 50 day moving average is $36.26 and its 200-day moving average is $33.03. Equitable Holdings, Inc. has a 52 week low of $22.16 and a 52 week high of $39.51.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.31 by $0.12. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the business earned $0.96 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts expect that Equitable Holdings, Inc. will post 6.06 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.25%. Equitable’s dividend payout ratio (DPR) is 27.24%.

About Equitable

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.