Key Points
- Director Craig Mackay sold 2,200 Equitable shares at an average price of $51.37, generating $113,014 and reducing his holdings by 10.38% to 18,999 shares.
- Equitable reported quarterly EPS of $1.70, ahead of the $1.65 consensus, but revenue fell 29.8% year over year to $1.66 billion, significantly below analyst estimates.
- The company pays a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 2.3% yield; analysts maintain a “Moderate Buy” consensus with a $61.17 target price.
Equitable Holdings, Inc. (NYSE:EQH - Get Free Report) Director Craig Mackay sold 2,200 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total value of $113,014.00. Following the transaction, the director owned 18,999 shares of the company's stock, valued at $975,978.63. This trade represents a 10.38% 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.
Equitable Stock Down 2.7%
Shares of NYSE:EQH opened at $51.27 on Wednesday. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market capitalization of $13.99 billion, a PE ratio of -15.49, a price-to-earnings-growth ratio of 0.52 and a beta of 1.09. The firm's 50-day moving average is $46.41 and its two-hundred day moving average is $43.13. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $55.24.
Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The business's revenue for the quarter was down 29.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. Analysts predict that Equitable Holdings, Inc. will post 7.13 EPS for the current year.
Equitable Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Equitable's dividend payout ratio is -36.25%.
Institutional Investors Weigh In On Equitable
A number of hedge funds and other institutional investors have recently modified their holdings of EQH. Johnson Financial Group Inc. acquired a new position in shares of Equitable during the third quarter worth $26,000. Covestor Ltd raised its stake in Equitable by 124.7% in the fourth quarter. Covestor Ltd now owns 728 shares of the company's stock valued at $35,000 after buying an additional 404 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Equitable during the 3rd quarter worth about $38,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Equitable during the 2nd quarter worth about $33,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company's stock worth $46,000 after acquiring an additional 424 shares in the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EQH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on Equitable from $62.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wolfe Research lowered Equitable from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Zacks Research raised Equitable from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings cut Equitable from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Finally, Mizuho set a $68.00 price target on Equitable in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Equitable has an average rating of "Moderate Buy" and a consensus target price of $61.17.
View Our Latest Research Report on EQH
Key Equitable News
Here are the key news stories impacting Equitable this week:
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $67 from $62 and maintained an “outperform” rating. The new target implies substantial upside and reinforces favorable sell-side sentiment toward EQH. Benzinga
- Positive Sentiment: Buybacks, capital returns and the Corebridge merger support the longer-term investment case. An analysis cited approximately $1.8 billion in expected 2026 cash generation, at least $4.30 per share in capital returns and buybacks that could reduce the share count by about 8%. The merger is projected to generate roughly $550 million in cost synergies and approximately 10% EPS accretion by 2027. Equitable Holdings: Buybacks And Credit Resilience Make Shares Attractive
- Positive Sentiment: Recent quarterly earnings exceeded expectations. EQH reported $1.70 in earnings per share versus a $1.65 consensus estimate, up from $1.10 a year earlier. However, the earnings beat was accompanied by a sharp revenue decline.
- Neutral Sentiment: Investors are awaiting further detail from the second-quarter earnings discussion. Coverage focused on merger momentum, organic growth, strategic divestitures and analyst questions from the earnings call, all of which may shape expectations for future growth. EQH Q2 Deep Dive
- Negative Sentiment: Multiple insiders sold shares. Director Craig C. Mackay sold 2,200 shares, while directors Bertram Scott and Charles Stonehill sold 1,466 and 7,500 shares, respectively. Chief Accounting Officer William Eckert also sold 947 shares. Recent data shows 34 insider sales and no insider purchases over six months, which may weigh on investor confidence. EQH Insider Trading Activity
- Negative Sentiment: Revenue remains a concern. Quarterly revenue fell 29.8% year over year to $1.66 billion, well below the $3.84 billion analyst estimate, potentially limiting the impact of the earnings beat.
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.
Further Reading
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