AXA Equitable (NYSE:EQH) Announces Earnings Results

AXA Equitable (NYSE:EQH) posted its quarterly earnings data on Thursday. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11, Bloomberg Earnings reports. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.22 billion. AXA Equitable’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS.

NYSE EQH traded up $0.09 on Friday, reaching $21.00. The company had a trading volume of 3,118,313 shares, compared to its average volume of 2,312,536. The company has a 50 day moving average of $21.58. The company has a market capitalization of $10.27 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. AXA Equitable has a 52 week low of $14.72 and a 52 week high of $23.21.

In other AXA Equitable news, insider Mark Pearson purchased 49,000 shares of the stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of $20.34 per share, for a total transaction of $996,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Axa sold 40,000,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $20.85, for a total value of $834,000,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

Several institutional investors have recently made changes to their positions in EQH. YorkBridge Wealth Partners LLC boosted its position in shares of AXA Equitable by 77.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,242 shares of the company’s stock worth $26,000 after buying an additional 544 shares during the period. CENTRAL TRUST Co acquired a new position in shares of AXA Equitable during the first quarter worth about $42,000. Advisor Group Inc. boosted its position in shares of AXA Equitable by 38.4% during the second quarter. Advisor Group Inc. now owns 2,104 shares of the company’s stock worth $44,000 after buying an additional 584 shares during the period. Strs Ohio acquired a new position in shares of AXA Equitable during the first quarter worth about $61,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of AXA Equitable by 44.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock worth $81,000 after buying an additional 1,507 shares during the period. Institutional investors own 50.82% of the company’s stock.

A number of research firms have recently weighed in on EQH. Wells Fargo & Co restated a “hold” rating and set a $22.00 target price on shares of AXA Equitable in a research report on Thursday. ValuEngine downgraded AXA Equitable from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.33.

About AXA Equitable

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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Earnings History for AXA Equitable (NYSE:EQH)

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