Equitable Holdings Inc Stock Price, News & Analysis

Equitable Holdings, Inc. (NYSE: EQH) announced that Robin M. Raju, CFO, will participate in a fireside chat at the 2021 KBW Insurance Conference on September 10, 2021, at 9:40 a.m. ET. A live audio webcast will be available on the Equitable Holdings Investor Relations website, with a replay accessible shortly after the event. Equitable Holdings is a financial services company with about $869 billion in assets under management and over 5 million client relationships worldwide.

AllianceBernstein L.P. (AB) reported a 1% increase in preliminary assets under management to $748 billion in July 2021, up from $738 billion in June. This growth was attributed to market appreciation and modest net inflows. While Retail and Private Wealth segments saw net inflows, there were net outflows from Institutions. As of June 30, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.4% of AllianceBernstein, enhancing its financial position.

Equitable Holdings announced strong second-quarter results with non-GAAP operating earnings of $1.71 per share, marking a 74% year-over-year increase. Assets Under Management (AUM) rose to $869 billion, a 22% increase from the previous year. The company successfully closed a VA reinsurance deal with Venerable, de-risking its balance sheet and unlocking $1 billion in economic value. New expense savings targets are set at $80 million by 2023. Key highlights include record sales in Individual Retirement and significant net inflows across investment management.

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share on common stock, payable on August 20, 2021, to shareholders on record by August 13, 2021. Additionally, the Board announced dividends for Series A and Series C preferred stock, set at $328.125 and $268.750 per share respectively, each payable on September 15, 2021, to holders of record on September 3, 2021. As of March 31, 2021, Equitable manages approximately $822 billion in assets with over 5 million client relationships worldwide.

Equitable Holdings, Inc. (NYSE: EQH) announced its commitment to responsible investing by becoming a signatory to the UN-supported Principles for Responsible Investment (PRI). This affiliation aims to enhance ESG incorporation in investment strategies. Equitable's investment management firm, AllianceBernstein, has been a PRI signatory since 2011. This move aligns with Equitable’s recent $500 million sustainable financing offering and reinforces its dedication to stakeholders. PRI CEO Fiona Reynolds welcomed Equitable's commitment, highlighting the importance of insurance sector engagement in sustainable investing.

Equitable Holdings, Inc. (NYSE: EQH) plans to release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call to discuss these results is scheduled for August 5, 2021, at 8:00 a.m. ET. Investors can access the earnings materials on the company's investor relations website. Equitable Holdings, founded in 1859, is a financial services holding company with approximately 12,000 employees, $822 billion in assets under management, and over 5 million client relationships worldwide.

Equitable Holdings, Inc. (NYSE:EQH) has successfully completed a $500 million sustainable financing issuance through funding agreement-backed notes (FABN). The strong participation from sustainable bond investors, with approximately 50% allocation to ESG-focused investors, highlights the demand for such financing. Proceeds will support green and social projects aligning with the company’s sustainability goals, including climate action and affordable energy. The issuance adheres to Green Bond and Social Bond Principles and received a Second Party Opinion verifying its environmental and social benefits.

Equitable, a top financial services provider and part of Equitable Holdings, Inc. (NYSE: EQH), has appointed Hector Martinez as the new Head of its Life Insurance business. Reporting to President Nick Lane, Martinez will manage the strategy and operations of the life insurance product line. With over 20 years of experience, including leadership roles in business restructuring, he aims to enhance sales and distribution processes. The life insurance portfolio targets small to medium enterprises and includes products like Variable Universal Life and Indexed Universal Life.

Equitable (NYSE: EQH) has enhanced its group retirement plans for small-to-medium sized businesses by introducing customized managed accounts and cash balance plans. These additions aim to support business owners and their employees in tailoring investment portfolios and accelerating retirement savings. Despite the challenges posed by the COVID-19 pandemic, research indicates that most small business owners prioritize retirement savings. The new managed accounts are facilitated by Stadion Money Management, aiming to deliver personalized investment strategies.