AXA Equitable Holdings Inc (NYSE:EQH) Plans $0.15 Quarterly Dividend

AXA Equitable Holdings Inc (NYSE:EQH) declared a quarterly dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Thursday, August 22nd will be paid a dividend of 0.15 per share on Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, August 21st.

EQH stock opened at $20.53 on Tuesday. The business has a fifty day moving average price of $21.57 and a 200 day moving average price of $20.96. AXA Equitable has a fifty-two week low of $14.72 and a fifty-two week high of $23.21. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 5.28, a P/E/G ratio of 0.62 and a beta of 1.33.

AXA Equitable (NYSE:EQH) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.11. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that AXA Equitable will post 4.23 earnings per share for the current year.

EQH has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $26.00 price target on AXA Equitable and gave the company a “buy” rating in a report on Friday, August 9th. Evercore ISI set a $28.00 price target on AXA Equitable and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine cut AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Wells Fargo & Co reaffirmed a “hold” rating and set a $22.00 price target on shares of AXA Equitable in a report on Thursday, August 8th. Finally, Zacks Investment Research raised AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $23.43.

In other news, major shareholder Axa sold 6,000,000 shares of AXA Equitable stock in a transaction on Monday, July 8th. The stock was sold at an average price of $20.85, for a total value of $125,100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Pearson bought 49,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was purchased at an average cost of $20.34 per share, with a total value of $996,660.00. The disclosure for this purchase can be found here. 0.16% of the stock is currently owned by company insiders.

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.

Further Reading: Equity Income

Dividend History for AXA Equitable (NYSE:EQH)

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