Troluce Capital Advisors LLC Invests $7.42 Million in Equitable Holdings, Inc. $EQH

Troluce Capital Advisors LLC acquired a new position in Equitable Holdings, Inc. (NYSE:EQH) during the first quarter, HoldingsChannel reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $7,422,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in Equitable during the fourth quarter valued at $550,995,000. Capital International Investors increased its holdings in shares of Equitable by 23.0% in the 4th quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock worth $645,449,000 after buying an additional 2,532,791 shares during the last quarter. Bank of Montreal Can raised its position in shares of Equitable by 7,955.4% during the 4th quarter. Bank of Montreal Can now owns 2,424,823 shares of the company’s stock valued at $116,585,000 after buying an additional 2,394,721 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Equitable by 114.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 4,294,644 shares of the company’s stock worth $204,640,000 after acquiring an additional 2,294,902 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Equitable by 337.4% during the third quarter. Millennium Management LLC now owns 1,502,360 shares of the company’s stock worth $76,290,000 after acquiring an additional 1,158,890 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

Equitable Price Performance

EQH opened at $47.99 on Monday. The business has a fifty day moving average of $44.49 and a 200 day moving average of $42.92. The stock has a market cap of $13.10 billion, a P/E ratio of -16.90, a PEG ratio of 0.47 and a beta of 1.10. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $55.24.

Equitable (NYSE:EQH) last released its earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.95 billion. Equitable had a positive return on equity of 232.29% and a negative net margin of 7.26%.The business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. As a group, sell-side analysts anticipate that Equitable Holdings, Inc. will post 7.11 EPS for the current year.

Equitable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. Equitable’s dividend payout ratio (DPR) is -42.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EQH shares. Keefe, Bruyette & Woods raised their price objective on Equitable from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Wolfe Research downgraded Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Evercore set a $63.00 price target on Equitable and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Wells Fargo & Company lifted their price objective on shares of Equitable from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.08.

Insider Buying and Selling at Equitable

In related news, insider Nick Lane sold 4,417 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.45, for a total value of $187,501.65. Following the transaction, the insider owned 124,218 shares of the company’s stock, valued at $5,273,054.10. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bertram L. Scott sold 2,470 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $41.08, for a total value of $101,467.60. Following the transaction, the director owned 27,931 shares in the company, valued at $1,147,405.48. The trade was a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 88,803 shares of company stock valued at $3,913,078. 1.10% of the stock is owned by corporate insiders.

About Equitable

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.