Mutual of America Capital Management LLC Sells 12,795 Shares of Equitable Holdings, Inc. $EQH

Mutual of America Capital Management LLC reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 8.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 138,334 shares of the company’s stock after selling 12,795 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Equitable were worth $7,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQH. Groupe la Francaise boosted its holdings in shares of Equitable by 8.2% during the 2nd quarter. Groupe la Francaise now owns 2,949 shares of the company’s stock valued at $165,000 after buying an additional 223 shares in the last quarter. BSW Wealth Partners lifted its stake in Equitable by 5.9% during the 2nd quarter. BSW Wealth Partners now owns 4,259 shares of the company’s stock valued at $239,000 after acquiring an additional 238 shares during the period. ProShare Advisors LLC raised its stake in Equitable by 2.1% during the 2nd quarter. ProShare Advisors LLC now owns 13,473 shares of the company’s stock valued at $756,000 after buying an additional 271 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Equitable by 11.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,634 shares of the company’s stock valued at $134,000 after acquiring an additional 275 shares during the last quarter. Finally, NFC Investments LLC increased its position in shares of Equitable by 0.4% during the 2nd quarter. NFC Investments LLC now owns 75,300 shares of the company’s stock valued at $4,224,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQH. JPMorgan Chase & Co. upgraded Equitable from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Monday, January 5th. UBS Group cut their target price on shares of Equitable from $77.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Zacks Research lowered Equitable from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Morgan Stanley lowered their target price on shares of Equitable from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group set a $60.00 target price on shares of Equitable in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.54.

Insider Buying and Selling

In related news, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $46.20, for a total value of $1,834,140.00. Following the completion of the transaction, the chief executive officer owned 652,945 shares of the company’s stock, valued at approximately $30,166,059. This represents a 5.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO William James Iv Eckert sold 4,300 shares of Equitable stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $47.27, for a total transaction of $203,261.00. Following the completion of the sale, the chief accounting officer directly owned 15,625 shares in the company, valued at $738,593.75. This represents a 21.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 203,770 shares of company stock valued at $9,462,206 in the last three months. 1.10% of the stock is currently owned by insiders.

Equitable Stock Down 0.4%

Equitable stock opened at $45.92 on Wednesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. The firm has a market cap of $13.16 billion, a P/E ratio of -16.64, a P/E/G ratio of 0.35 and a beta of 1.13. The business has a fifty day moving average of $47.10 and a two-hundred day moving average of $49.52. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.11). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $3.65 billion. Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. Equitable’s revenue was down 52.8% on a year-over-year basis. During the same quarter last year, the business earned $1.58 earnings per share. On average, analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 24th were given a dividend of $0.27 per share. The ex-dividend date was Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 2.4%. Equitable’s payout ratio is currently -39.13%.

Equitable Profile

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.