PGGM Investments Reduces Stock Position in Equitable Holdings, Inc. (NYSE:EQH)

14 Mar 2025, 08:04 by Doug Wharley · The Cerbat Gem

PGGM Investments decreased its holdings in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,736 shares of the company’s stock after selling 2,270 shares during the period. PGGM Investments’ holdings in Equitable were worth $6,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Equitable by 195.6% in the 4th quarter. Versant Capital Management Inc now owns 532 shares of the company’s stock worth $25,000 after buying an additional 352 shares during the period. Covestor Ltd raised its holdings in shares of Equitable by 61.5% in the third quarter. Covestor Ltd now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 246 shares in the last quarter. Assetmark Inc. grew its holdings in Equitable by 33.2% during the 4th quarter. Assetmark Inc. now owns 799 shares of the company’s stock worth $38,000 after acquiring an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Equitable by 298.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,689 shares of the company’s stock valued at $80,000 after purchasing an additional 1,265 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Equitable by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company’s stock valued at $80,000 after purchasing an additional 409 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO William James Iv Eckert sold 1,700 shares of Equitable stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the sale, the chief accounting officer now directly owns 17,677 shares in the company, valued at $825,162.36. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $47.31, for a total value of $1,419,300.00. Following the completion of the sale, the chief executive officer now directly owns 639,939 shares of the company’s stock, valued at $30,275,514.09. The trade was a 4.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,698 shares of company stock worth $6,534,234. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQH has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their price target on Equitable from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays lifted their target price on Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Equitable from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets lifted their price objective on shares of Equitable from $69.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.75.

Get Our Latest Research Report on EQH

Equitable Trading Down 3.7 %

EQH opened at $49.55 on Friday. Equitable Holdings, Inc. has a 52 week low of $34.95 and a 52 week high of $56.00. The company has a quick ratio of 0.12, a current ratio of 0.07 and a debt-to-equity ratio of 3.07. The business has a fifty day simple moving average of $52.32 and a 200-day simple moving average of $47.46. The firm has a market cap of $15.25 billion, a P/E ratio of 12.97 and a beta of 1.39.

Equitable (NYSE:EQH – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, equities analysts expect that Equitable Holdings, Inc. will post 7.33 earnings per share for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable’s dividend payout ratio is presently 25.13%.

About Equitable

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