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. Yahoo Finance discussed the stock recently as it posted Equitable Holdings Schedules Announcement of Full Year and Fourth 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 $32.45 and fluctuated between $32.56 as its day high and $32.12 as its day low. The current market capitalization of Equitable Holdings Inc is $10.98B. A total of 2.31 million shares were traded on the day, compared to an average of 3.89M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EQH has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 5,000 and the disposition of 10,000 shares. Over the last 12 months, there were 41 BUYs and 25 SELLs from insiders. Insiders purchased 700,455 shares during that period but sold 356,887.

In the most recent transaction, Lane Nick sold 10,000 shares of EQH for 32.29 per share on Jan 16. After the transaction, the () now owns 154,132 company shares. In a previous transaction on Jan 02, Pearson Mark sold 60,000 shares at 33.07 per share. EQH shares that President and CEO owns now total 639,625.

Among the insiders who sold shares, Lane Nick disposed of 10,000 shares on Dec 22 at a per-share price of $33.30. This resulted in the () holding 159,132 shares of EQH after the transaction. In another insider transaction, Kaye Daniel G sold 4,845 shares at $33.85 per share on Dec 20. Company shares held by the Director now total 53,757.

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 $0.85, resulting in a dividend yield of 2.62%, and it has a price to earnings (P/E) ratio of 9.80. EQH’s most recent ex-dividend date was 11/24/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 12/4/2023. Previously, the company paid the dividend on 8/14/2023 with an ex-dividend date of 8/4/2023. The EQH stock dividend was $0.22 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. In terms of 52-week highs and lows, EQH has a high of $34.80 and a low of $21.89.

As of this writing, EQH has an earnings estimate of $EQT Corporation per share for the current quarter. EPS was calculated based on a consensus of EHang Holdings Limited estimates, with a high estimate of $Equinox Gold Corp. per share and a lower estimate of $iShares MSCI Hong Kong Index Fu.

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 $83.40B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.23, 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 4.15.

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