Aigen Investment Management LP Has $295,000 Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Aigen Investment Management LP trimmed its stake in Equitable Holdings, Inc. (NYSE:EQH) by 62.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,008 shares of the company’s stock after selling 11,422 shares during the period. Aigen Investment Management LP’s holdings in Equitable were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in shares of Equitable by 24,432.7% in the second quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $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 in the 2nd quarter valued at approximately $110,176,000. Samlyn Capital LLC bought a new stake in shares of Equitable in the 2nd quarter worth approximately $63,334,000. Principal Financial Group Inc. grew its holdings in shares of Equitable by 57.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,969,388 shares of the company’s stock worth $80,470,000 after purchasing an additional 721,028 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Equitable during the first quarter valued at approximately $27,237,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equitable

In other news, 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 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. The trade was a 15.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $42.20, for a total transaction of $1,266,000.00. Following the completion of the sale, the chief executive officer now owns 678,555 shares of the company’s stock, valued at approximately $28,635,021. This represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,166 shares of company stock worth $4,286,705. Insiders own 1.10% of the company’s stock.

Equitable Trading Down 0.4 %

EQH stock opened at $47.44 on Friday. The business has a fifty day moving average of $43.97 and a 200-day moving average of $41.81. The company has a market cap of $14.86 billion, a P/E ratio of -43.52 and a beta of 1.40. Equitable Holdings, Inc. has a twelve month low of $27.74 and a twelve month high of $50.51. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.63.

Equitable (NYSE:EQH) last issued its earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $1.15 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities research analysts expect that Equitable Holdings, Inc. will post 6.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup raised their target price on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial boosted their target price on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley cut their price target on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Wells Fargo & Company upped their price objective on shares of Equitable from $43.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays lifted their target price on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

About Equitable

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.