First National Bank of Omaha Acquires Shares of 49,669 Equitable Holdings, Inc. $EQH

First National Bank of Omaha acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,669 shares of the company’s stock, valued at approximately $2,522,000.

Several other hedge funds and other institutional investors have also modified their holdings of EQH. True Wealth Design LLC raised its holdings in Equitable by 592.6% in the 2nd quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after acquiring an additional 480 shares during the period. Root Financial Partners LLC bought a new stake in shares of Equitable during the third quarter worth approximately $36,000. Hilltop National Bank acquired a new position in shares of Equitable in the third quarter valued at approximately $37,000. Geneos Wealth Management Inc. increased its stake in shares of Equitable by 92.6% during the first quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after purchasing an additional 424 shares during the period. Finally, MAI Capital Management increased its stake in shares of Equitable by 64.0% during the second quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after purchasing an additional 366 shares during the period. Institutional investors own 92.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EQH shares. Raymond James Financial set a $60.00 price target on Equitable in a research note on Monday, January 5th. Wall Street Zen cut shares of Equitable from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Equitable in a research note on Monday, December 29th. UBS Group lowered their price target on shares of Equitable from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Equitable from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.42.

Equitable Trading Up 0.8%

EQH opened at $45.61 on Thursday. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of -9.46, a P/E/G ratio of 0.35 and a beta of 1.12. The company has a quick ratio of 0.13, a current ratio of 0.10 and a debt-to-equity ratio of 16.42. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. The company has a 50-day simple moving average of $46.89 and a 200 day simple moving average of $48.77.

Equitable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, March 4th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. Equitable’s dividend payout ratio (DPR) is currently -22.41%.

Equitable announced that its board has authorized a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 4,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total transaction of $203,261.00. Following the completion of the transaction, the chief accounting officer directly owned 15,625 shares in the company, valued at $738,593.75. The trade was a 21.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $47.65, for a total value of $323,543.50. Following the sale, the chief operating officer owned 55,023 shares of the company’s stock, valued at $2,621,845.95. The trade was a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 157,280 shares of company stock valued at $7,455,677. 1.10% of the stock is owned by insiders.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.