Key Points
- Director Charles G.T. Stonehill sold 7,500 Equitable shares at an average price of $51.54, generating $386,550. He retained 34,357 shares after the transaction, a 17.92% reduction in his holdings.
- Equitable reported quarterly EPS of $1.70, exceeding analysts’ $1.65 estimate, though revenue fell 29.8% year over year to $1.66 billion. The stock was trading at $52.52, up 1.9%.
- The company paid a quarterly dividend of $0.30 per share, equivalent to a 2.3% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $60.75, while institutional investors own 92.7% of the stock.
Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) CAO William James Iv Eckert sold 947 shares of Equitable stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.88, for a total value of $50,077.36. Following the completion of the sale, the chief accounting officer owned 8,419 shares of the company's stock, valued at $445,196.72. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
William James Iv Eckert also recently made the following trade(s):
- On Wednesday, June 10th, William James Iv Eckert sold 6,200 shares of Equitable stock. The stock was sold at an average price of $41.83, for a total value of $259,346.00.
- On Friday, May 15th, William James Iv Eckert sold 7,300 shares of Equitable stock. The shares were sold at an average price of $42.48, for a total transaction of $310,104.00.
Equitable Stock Performance
Shares of NYSE EQH opened at $52.52 on Tuesday. The firm's 50-day moving average price is $46.22 and its 200-day moving average price is $43.10. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $55.24. The company has a market cap of $14.34 billion, a PE ratio of -15.87, a PEG ratio of 0.51 and a beta of 1.09. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75.
Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $3.84 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The firm's quarterly revenue was down 29.8% on a year-over-year basis. As a group, analysts anticipate that Equitable Holdings, Inc. will post 7.13 EPS for the current year.
Equitable Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 3rd. Equitable's dividend payout ratio is presently -36.25%.
Key Equitable News
Here are the key news stories impacting Equitable this week:
- Positive Sentiment: Buybacks and Corebridge merger support the bullish case. An investment analysis characterized EQH as a “Strong Buy,” citing expected 2026 cash generation of approximately $1.8 billion, at least $4.30 per share in capital returns and share repurchases that could reduce the share count by about 8%. The planned Corebridge Financial merger is projected to produce roughly $550 million in cost synergies and approximately 10% earnings-per-share accretion by 2027. Equitable Holdings: Buybacks And Credit Resilience Make Shares Attractive
- Positive Sentiment: Recent earnings exceeded expectations. Equitable reported quarterly earnings of $1.70 per share, topping the $1.65 consensus estimate and improving from $1.10 in the year-ago period. The company also paid its $0.30 quarterly dividend, equivalent to a $1.20 annualized payout and an approximately 2.3% yield.
- Positive Sentiment: Analyst sentiment remains favorable. The consensus rating is “Moderate Buy,” with an average price target of $60.75. Jefferies raised its target to $66 and maintained a buy rating, while several other firms retain buy or overweight ratings.
- Neutral Sentiment: Institutional ownership remains substantial but mixed. Institutional investors and hedge funds own approximately 92.7% of EQH, with some firms increasing positions while others reduced holdings.
- Negative Sentiment: Insider selling could weigh on sentiment. Director Charles G.T. Stonehill sold 7,500 shares for about $386,550, while Director Bertram L. Scott and Chief Accounting Officer William Eckert also sold shares. Data cited in the reports shows 34 insider sales and no insider purchases over the past six months. Equitable Insider Trading Activity
- Negative Sentiment: Revenue declined year over year. Although earnings beat estimates, quarterly revenue fell 29.8% to $1.66 billion, below the $3.84 billion analyst estimate, highlighting operating and valuation risks.
Analysts Set New Price Targets
Several analysts recently commented on EQH shares. Keefe, Bruyette & Woods lifted their price objective on Equitable from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Jefferies Financial Group raised their target price on Equitable from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Wolfe Research downgraded Equitable from an "outperform" rating to a "peer perform" rating in a research note on Thursday, July 9th. Weiss Ratings cut shares of Equitable from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price objective on shares of Equitable from $57.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Equitable currently has a consensus rating of "Moderate Buy" and an average target price of $60.75.
Get Our Latest Stock Report on EQH
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Tocqueville Asset Management L.P. bought a new position in shares of Equitable during the 2nd quarter valued at approximately $22,509,000. Bruni J V & Co. Co. bought a new stake in Equitable during the 2nd quarter worth approximately $33,652,845,000. Foster & Motley Inc. purchased a new position in Equitable during the second quarter valued at approximately $5,850,000. Four Tree Island Advisory LLC bought a new position in shares of Equitable in the second quarter worth approximately $16,632,000. Finally, Meeder Advisory Services Inc. bought a new position in shares of Equitable in the second quarter worth approximately $259,000. 92.70% of the stock is owned by hedge funds and other institutional investors.
About Equitable
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
