Mirae Asset Global Investments Co. Ltd. Sells 10,024 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 19.6% during the third quarter, HoldingsChannel reports. The fund owned 41,181 shares of the company’s stock after selling 10,024 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Equitable were worth $1,729,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in shares of Equitable by 24,432.7% during the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock worth $129,444,000 after buying an additional 3,155,487 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Equitable during the 2nd quarter worth approximately $110,176,000. Samlyn Capital LLC bought a new position in shares of Equitable during the 2nd quarter worth approximately $63,334,000. Principal Financial Group Inc. raised its holdings in shares of Equitable by 57.8% in the second quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock valued at $80,470,000 after purchasing an additional 721,028 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Equitable in the first quarter worth $27,237,000. 92.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQH has been the subject of a number of analyst reports. Barclays raised their target price on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Wells Fargo & Company increased their price target on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Truist Financial boosted their target price on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

Insider Activity

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total transaction of $148,470.00. Following the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,500 shares of company stock worth $3,969,870. Corporate insiders own 1.10% of the company’s stock.

Equitable Trading Down 1.9 %

Shares of Equitable stock opened at $45.33 on Friday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a 50-day moving average of $42.58 and a 200-day moving average of $40.97. Equitable Holdings, Inc. has a 52-week low of $24.65 and a 52-week high of $46.48. The stock has a market cap of $14.74 billion, a PE ratio of 14.03 and a beta of 1.41.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Equitable Holdings, Inc. will post 6.04 EPS for the current year.

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.