Equitable Holdings, Inc. (NYSE:EQH) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Equitable Holdings, Inc. (NYSE:EQH) by 10.9% during the 4th quarter, HoldingsChannel reports. The fund owned 236,247 shares of the company’s stock after buying an additional 23,250 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Equitable were worth $11,106,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. MQS Management LLC acquired a new stake in shares of Equitable in the 3rd quarter valued at about $587,000. JPMorgan Chase & Co. increased its holdings in Equitable by 20.3% in the third quarter. JPMorgan Chase & Co. now owns 908,653 shares of the company’s stock valued at $38,191,000 after buying an additional 153,457 shares during the last quarter. Maverick Capital Ltd. raised its stake in Equitable by 230.0% during the second quarter. Maverick Capital Ltd. now owns 36,840 shares of the company’s stock valued at $1,505,000 after buying an additional 25,678 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Equitable by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,117,568 shares of the company’s stock worth $89,001,000 after buying an additional 148,180 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Equitable in the 4th quarter worth approximately $295,000. 92.70% of the stock is currently owned by institutional investors.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $47.43, for a total value of $1,422,900.00. Following the transaction, the chief executive officer now directly owns 648,555 shares of the company’s stock, valued at approximately $30,760,963.65. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $47.31, for a total value of $315,368.46. Following the completion of the sale, the chief operating officer now owns 98,875 shares of the company’s stock, valued at approximately $4,677,776.25. This trade represents a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 161,698 shares of company stock valued at $7,904,806. Insiders own 1.10% of the company’s stock.

Equitable Price Performance

NYSE EQH opened at $53.04 on Friday. The firm’s 50 day moving average price is $48.20 and its two-hundred day moving average price is $44.50. Equitable Holdings, Inc. has a twelve month low of $31.76 and a twelve month high of $53.99. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting the consensus estimate of $1.53. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. Equitable’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.03 earnings per share for the current year.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. Equitable’s dividend payout ratio is currently -88.07%.

Analyst Ratings Changes

EQH has been the topic of several research reports. Barclays upped their price target on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of Equitable from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $54.00 to $58.00 in a research report on Monday, December 9th. Wells Fargo & Company lowered their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised shares of Equitable from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $58.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their target price on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.67.

About Equitable

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.