Millennium Management LLC reduced its position in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 26.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,054,480 shares of the company’s stock after selling 381,352 shares during the quarter. Millennium Management LLC owned about 0.19% of AXA Equitable worth $17,536,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund purchased a new position in AXA Equitable during the 4th quarter worth $44,000. American International Group Inc. lifted its holdings in shares of AXA Equitable by 44.6% in the 4th quarter. American International Group Inc. now owns 3,610 shares of the company’s stock valued at $60,000 after buying an additional 1,114 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of AXA Equitable by 44.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock valued at $81,000 after buying an additional 1,507 shares during the period. LS Investment Advisors LLC acquired a new position in shares of AXA Equitable in the 4th quarter valued at about $87,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of AXA Equitable by 42.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,219 shares of the company’s stock valued at $120,000 after buying an additional 2,138 shares during the period. Institutional investors own 48.03% of the company’s stock.
EQH has been the subject of several analyst reports. Wells Fargo & Co reissued a “hold” rating and issued a $20.00 price objective on shares of AXA Equitable in a report on Thursday, February 28th. ValuEngine upgraded AXA Equitable from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered AXA Equitable from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Barclays boosted their price objective on AXA Equitable from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. Finally, Credit Suisse Group cut their price objective on AXA Equitable from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.31.
In related news, major shareholder Axa sold 46,000,000 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $19.99, for a total value of $919,540,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.
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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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