Equitable Holdings, Inc. $EQH Shares Sold by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 67.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,326 shares of the company’s stock after selling 187,048 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Equitable were worth $4,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EQH. BlackRock Inc. purchased a new stake in shares of Equitable during the 2nd quarter valued at about $1,136,305,000. Canada Pension Plan Investment Board bought a new stake in shares of Equitable in the second quarter worth approximately $399,576,000. Wellington Management Group LLP raised its holdings in shares of Equitable by 6.3% during the second quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after purchasing an additional 523,638 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Equitable during the second quarter valued at approximately $244,052,000. Finally, Thornburg Investment Management Inc. raised its holdings in shares of Equitable by 3.0% during the second quarter. Thornburg Investment Management Inc. now owns 5,142,337 shares of the company’s stock valued at $225,646,000 after purchasing an additional 148,132 shares during the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Buying and Selling

In other Equitable news, Director Bertram L. Scott sold 2,780 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $54.35, for a total transaction of $151,093.00. Following the completion of the sale, the director directly owned 23,685 shares of the company’s stock, valued at approximately $1,287,279.75. This represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Stonehill sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $51.54, for a total transaction of $386,550.00. Following the sale, the director directly owned 34,357 shares of the company’s stock, valued at approximately $1,770,759.78. This represents a 17.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,816 shares of company stock valued at $1,731,591 in the last 90 days. 1.00% of the stock is owned by insiders.

Equitable Trading Down 4.1%

Shares of NYSE:EQH opened at $52.76 on Friday. The stock’s 50-day simple moving average is $52.33 and its two-hundred day simple moving average is $47.18. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of -15.94, a PEG ratio of 0.52 and a beta of 1.10. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $55.22. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15.

Equitable (NYSE:EQH – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the company posted $1.10 EPS. The business’s quarterly revenue was down 29.8% compared to the same quarter last year. Analysts expect that Equitable Holdings, Inc. will post 7.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EQH. Evercore restated an “outperform” rating and set a $66.00 price objective on shares of Equitable in a research report on Thursday, August 20th. Wells Fargo & Company lifted their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Wolfe Research lowered shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. UBS Group boosted their target price on shares of Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price target on Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.18.

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Equitable Profile

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Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.

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