Healthcare of Ontario Pension Plan Trust Fund Buys 13,700 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Equitable Holdings, Inc. (NYSE:EQH) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,700 shares of the company’s stock after acquiring an additional 13,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.07% of Equitable worth $8,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EQH. Vanguard Group Inc. raised its position in shares of Equitable by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 38,012,452 shares of the company’s stock worth $1,265,815,000 after acquiring an additional 446,752 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Equitable by 60.9% in the 1st quarter. Intech Investment Management LLC now owns 100,476 shares of the company’s stock valued at $3,819,000 after buying an additional 38,040 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Equitable by 265.0% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 69,503 shares of the company’s stock valued at $2,642,000 after buying an additional 50,460 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Equitable during the 4th quarter worth $2,892,000. Finally, Friedenthal Financial bought a new position in Equitable during the second quarter worth about $831,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Equitable Stock Up 3.1 %

EQH stock opened at $42.89 on Friday. The business’s 50 day simple moving average is $40.84 and its 200 day simple moving average is $40.01. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $44.50. The firm has a market capitalization of $13.95 billion, a PE ratio of 13.28 and a beta of 1.42. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.06.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the firm posted $1.17 EPS. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, research analysts anticipate that Equitable Holdings, Inc. will post 6.01 EPS for the current year.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.24%. Equitable’s payout ratio is presently 29.72%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their price target on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Keefe, Bruyette & Woods lifted their price target on shares of Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Truist Financial boosted their price objective on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays started coverage on Equitable in a report on Wednesday, September 4th. They issued an “overweight” rating and a $59.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.20.

Insider Activity at Equitable

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the transaction, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at $819,596.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $43.09, for a total transaction of $429,564.21. Following the completion of the sale, the chief operating officer now directly owns 111,552 shares in the company, valued at approximately $4,806,775.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,469 shares of company stock valued at $3,067,434 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Equitable Company 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.