Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP grew its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 251.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,615 shares of the company’s stock after purchasing an additional 17,607 shares during the quarter. Aigen Investment Management LP’s holdings in Equitable were worth $1,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Assetmark Inc. lifted its stake in shares of Equitable by 33.2% during the fourth quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Equitable by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company’s stock worth $310,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd lifted its stake in shares of Equitable by 61.5% during the third quarter. Covestor Ltd now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 246 shares in the last quarter. Truist Financial Corp increased its position in shares of Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company’s stock worth $451,000 after acquiring an additional 257 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company’s stock worth $131,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Stock Up 1.7 %

Shares of Equitable stock opened at $52.24 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The firm has a market cap of $16.08 billion, a P/E ratio of 13.68 and a beta of 1.39. Equitable Holdings, Inc. has a fifty-two week low of $32.96 and a fifty-two week high of $56.00. The business has a 50-day moving average price of $51.93 and a 200 day moving average price of $47.09.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, sell-side analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. Equitable’s payout ratio is currently 25.13%.

Wall Street Analyst Weigh In

EQH has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on Equitable from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods lifted their target price on Equitable from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Finally, Truist Financial lifted their target price on Equitable from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.17.

Insider Buying and Selling at Equitable

In other Equitable news, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $45.84, for a total value of $1,146,000.00. Following the completion of the transaction, the insider now directly owns 141,629 shares in the company, valued at $6,492,273.36. The trade was a 15.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the transaction, the chief operating officer now owns 104,298 shares of the company’s stock, valued at approximately $5,776,023.24. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,698 shares of company stock worth $6,534,234 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Equitable Profile

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.