Key Points
- Equitable CEO Mark Pearson sold 39,700 shares on Nov. 18 at an average price of $43.14 for proceeds of about $1.71M, reducing his stake by 5.54% to 676,540 shares (worth roughly $29.19M).
- This continues recent insider selling: Pearson also sold 39,700 shares on Oct. 20 (avg $48.17), ~39,551 shares on Sep. 18 (avg $54.22) and 149 shares on Sep. 19, signaling multiple recent dispositions.
- Company snapshot: Equitable missed quarterly EPS estimates ($1.48 vs. $1.59) with revenue down 52.8% year‑over‑year, recently declared a $0.27 quarterly dividend (2.5% yield), and holds a consensus analyst rating of "Moderate Buy" with an average target of $64.18.
Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CEO Mark Pearson sold 39,700 shares of the company's stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $43.14, for a total transaction of $1,712,658.00. Following the completion of the sale, the chief executive officer directly owned 676,540 shares of the company's stock, valued at $29,185,935.60. The trade was a 5.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mark Pearson also recently made the following trade(s):
- On Monday, October 20th, Mark Pearson sold 39,700 shares of Equitable stock. The stock was sold at an average price of $48.17, for a total transaction of $1,912,349.00.
- On Friday, September 19th, Mark Pearson sold 149 shares of Equitable stock. The stock was sold at an average price of $54.47, for a total transaction of $8,116.03.
- On Thursday, September 18th, Mark Pearson sold 39,551 shares of Equitable stock. The shares were sold at an average price of $54.22, for a total transaction of $2,144,455.22.
Equitable Price Performance
NYSE EQH opened at $43.67 on Friday. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The firm has a market capitalization of $12.51 billion, a PE ratio of -15.82 and a beta of 1.17. The company's 50 day simple moving average is $48.97 and its 200 day simple moving average is $51.65. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.13 and a quick ratio of 0.13.
Equitable (NYSE:EQH - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.11). Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business posted $1.58 earnings per share. The business's revenue for the quarter was down 52.8% compared to the same quarter last year. As a group, equities research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.
Equitable Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 24th. Equitable's payout ratio is presently -39.13%.
Analyst Ratings Changes
EQH has been the topic of several research reports. Wells Fargo & Company dropped their price target on shares of Equitable from $65.00 to $62.00 and set an "overweight" rating on the stock in a research report on Friday, November 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Equitable in a report on Monday. Evercore ISI increased their target price on shares of Equitable from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Morgan Stanley reduced their target price on shares of Equitable from $67.00 to $61.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Finally, Wolfe Research raised Equitable to a "strong-buy" rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.18.
Get Our Latest Stock Report on EQH
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Equitable in the 2nd quarter valued at approximately $703,060,000. Capital International Investors raised its stake in Equitable by 49.5% during the 3rd quarter. Capital International Investors now owns 11,012,837 shares of the company's stock valued at $559,232,000 after purchasing an additional 3,645,301 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Equitable by 23.4% in the first quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company's stock valued at $566,662,000 after purchasing an additional 2,061,496 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Equitable by 26.4% in the second quarter. Geode Capital Management LLC now owns 7,428,619 shares of the company's stock worth $415,786,000 after buying an additional 1,551,551 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Equitable by 4.8% during the first quarter. Acadian Asset Management LLC now owns 5,789,138 shares of the company's stock valued at $301,536,000 after buying an additional 265,759 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.
Equitable Company Profile
(
Get Free Report)
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.
Further Reading
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