Insider Selling: AXA Equitable Holdings Inc (NYSE:EQH) Major Shareholder Sells 40,000,000 Shares of Stock

AXA Equitable Holdings Inc (NYSE:EQH) major shareholder Axa sold 40,000,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $20.85, for a total transaction of $834,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Axa also recently made the following trade(s):

  • On Monday, March 25th, Axa sold 46,000,000 shares of AXA Equitable stock. The shares were sold at an average price of $19.99, for a total transaction of $919,540,000.00.

EQH stock opened at $20.90 on Friday. The firm has a market capitalization of $10.26 billion and a P/E ratio of 5.17. The company has a 50-day moving average of $21.11. AXA Equitable Holdings Inc has a 52 week low of $14.72 and a 52 week high of $23.21.

AXA Equitable (NYSE:EQH) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $3.15 billion. As a group, analysts predict that AXA Equitable Holdings Inc will post 4.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Monday, June 3rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from AXA Equitable’s previous quarterly dividend of $0.13. AXA Equitable’s payout ratio is 15.42%.

A number of brokerages have recently issued reports on EQH. Zacks Investment Research cut shares of AXA Equitable from a “buy” rating to a “hold” rating in a research report on Wednesday, June 5th. Citigroup boosted their target price on shares of AXA Equitable from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Credit Suisse Group reduced their target price on shares of AXA Equitable from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Finally, Barclays boosted their target price on shares of AXA Equitable from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.14.

A number of hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY raised its stake in AXA Equitable by 18.5% in the first quarter. Metropolitan Life Insurance Co NY now owns 5,765 shares of the company’s stock valued at $116,000 after purchasing an additional 898 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in AXA Equitable by 4.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 24,026 shares of the company’s stock valued at $484,000 after purchasing an additional 1,038 shares in the last quarter. American International Group Inc. raised its stake in AXA Equitable by 44.6% in the fourth quarter. American International Group Inc. now owns 3,610 shares of the company’s stock valued at $60,000 after purchasing an additional 1,114 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in AXA Equitable by 44.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock valued at $81,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in AXA Equitable by 3.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 45,764 shares of the company’s stock valued at $922,000 after purchasing an additional 1,564 shares in the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.

AXA Equitable Company Profile

AXA Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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