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Saturday, June 3, 2023

Is Equitable Holdings Inc. (NYSE: EQH) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Equitable Holdings Inc. (EQH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.20, or -0.83%, to $23.83. The Equitable Holdings Inc. has recorded 3,346 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Equitable Holdings Reports First Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Insurance – Diversified industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $24.03 and fluctuated between $24.03 as its day high and $23.35 as its day low. The current market capitalization of Equitable Holdings Inc. is $8.25B. A total of 4.1 million shares were traded on the day, compared to an average of 3.28M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EQH has seen 21 BUY and 22 SELL insider trades, representing the acquisition of 634,779 and the disposition of 332,976 shares. Over the last 12 months, there were 60 BUYs and 36 SELLs from insiders. Insiders purchased 921,190 shares during that period but sold 683,173.

In the most recent transaction, Matus Kristi Ann sold 19,297 shares of EQH for 23.34 per share on Mar 24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Mar 22, Eckert William James IV sold 8,100 shares at 25.38 per share. EQH shares that Chief Accounting Officer owns now total 27,062.

Among the insiders who bought shares, Raju Robin M acquired of 2,096 shares on Mar 15 at a per-share price of $23.78. This resulted in the Chief Financial Officer holding 96,226 shares of EQH after the transaction. In another insider transaction, Pearson Mark sold 30,000 shares at $30.19 per share on Nov 15. Company shares held by the President and CEO now total 425,307.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Equitable Holdings Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.33%, and it has a price to earnings (P/E) ratio of 7.08. EQH’s most recent ex-dividend date was 2/24/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 3/6/2023. Previously, the company paid the dividend on 12/5/2022 with an ex-dividend date of 11/25/2022. The EQH stock dividend was $0.20 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EQH in the last 3 months, the mean price target is $35.46 with high estimates of $43.00 and low estimates of $25.00. In terms of 52-week highs and lows, EQH has a high of $33.24 and a low of $21.89.

As of this writing, EQH has an earnings estimate of $1.19 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.34 per share and a lower estimate of $1.01. The company reported an EPS of $1.28 in the last quarter, which was 16.40% higher than expectations of $1.1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EQH’s latest balance sheet shows that the firm has $5.19B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.26, while its Total Shareholder’s Equity was $13.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EQH is Buy with a score of 4.30.

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