Key Points
- Insider Nick Lane sold 10,000 shares on April 8 at an average price of $40.04 for $400,400, executed under a pre‑arranged Rule 10b5‑1 plan and reducing his holding by 7.45% to 124,218 shares (~$4.97M).
- Equitable's board approved a $1.00 billion share repurchase program (up to 7.7% of outstanding shares) and the company recently paid a quarterly dividend of $0.27 per share (annualized $1.08, ~2.8% yield).
- Wall Street consensus rates Equitable a Moderate Buy with a mean target of $58.09, while the stock trades near $38.51 and has a 1‑year range of $35.19–$56.61.
Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) insider Nick Lane sold 10,000 shares of the company's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $40.04, for a total value of $400,400.00. Following the completion of the sale, the insider owned 124,218 shares in the company, valued at $4,973,688.72. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nick Lane also recently made the following trade(s):
- On Thursday, January 15th, Nick Lane sold 30,000 shares of Equitable stock. The shares were sold at an average price of $47.65, for a total value of $1,429,500.00.
Equitable Price Performance
Shares of Equitable stock opened at $38.51 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 16.42. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of -7.99, a P/E/G ratio of 0.36 and a beta of 1.11. Equitable Holdings, Inc. has a 1-year low of $35.19 and a 1-year high of $56.61. The firm's 50-day moving average price is $40.60 and its two-hundred day moving average price is $45.25.
Equitable Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, March 4th. Equitable's dividend payout ratio is currently -22.41%.
Equitable announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 11th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On Equitable
Several institutional investors have recently added to or reduced their stakes in EQH. Geneos Wealth Management Inc. lifted its position in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company's stock valued at $46,000 after acquiring an additional 424 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Equitable by 21.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,639 shares of the company's stock valued at $204,000 after acquiring an additional 654 shares in the last quarter. Jump Financial LLC bought a new stake in Equitable in the 2nd quarter valued at $1,712,000. Gamco Investors INC. ET AL bought a new stake in Equitable in the 2nd quarter valued at $1,133,000. Finally, Gabelli Funds LLC lifted its stake in Equitable by 250.0% in the 2nd quarter. Gabelli Funds LLC now owns 82,257 shares of the company's stock valued at $4,615,000 after acquiring an additional 58,757 shares in the last quarter. 92.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on EQH shares. Wall Street Zen upgraded Equitable from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. JPMorgan Chase & Co. decreased their price target on shares of Equitable from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, February 5th. BMO Capital Markets reissued an "outperform" rating on shares of Equitable in a research note on Wednesday, December 17th. The Goldman Sachs Group set a $60.00 price target on Equitable in a report on Monday, January 5th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Equitable in a research note on Thursday, March 26th. They issued an "outperform" rating and a $53.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Equitable has a consensus rating of "Moderate Buy" and a consensus target price of $58.09.
Check Out Our Latest Stock Report on EQH
Equitable Company Profile
(
Get Free Report)
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.
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