Equitable Holdings Inc Stock Price, News & Analysis

Equitable Holdings (NYSE: EQH) has authorized a $1 billion share repurchase program, highlighting the strength of its balance sheet and strong cash flow generation, according to CFO Anders Malmström. The program allows for share purchases via various methods, reinforcing the company's commitment to returning capital to shareholders. The board can adjust the program's terms at any time, demonstrating its flexibility in capital management.

Equitable Holdings, Inc. (NYSE: EQH) has appointed Jose Ramon Gonzalez as the new Chief Legal Officer and Corporate Secretary. He will report to President and CEO Mark Pearson, succeeding Dave Hattem, who is set to retire. Gonzalez has over 25 years of legal experience and has held leadership roles in publicly traded companies, including CNA Insurance and AIG. His appointment aims to enhance the legal and compliance functions at Equitable to support its strategic objectives. The company emphasizes Gonzalez's expertise as beneficial for achieving strong results.

Equitable has launched Equitable Retirement Vision, a platform catering to both ERISA and non-ERISA retirement plans, aimed at enhancing support for plan sponsors and participants. Key features include a managed account option for personalized investment strategies, the Equitable Fixed Account for stable returns, and fiduciary support to alleviate administrative liabilities. This service targets small-to-medium businesses and various sectors, providing over 16,000 investment options and mobile access to account management.

Equitable Holdings, Inc. (NYSE: EQH) will announce its financial results for Q4 and the full year 2020 after market close on February 23, 2021. A conference call will follow on February 24, 2021, at 8:00 a.m. ET to discuss these results. More information, including earnings materials, will be available on the investor relations website.

Equitable Holdings, established in 1859, includes Equitable and AllianceBernstein, boasting approximately $746 billion in assets under management and over 5 million global client relationships.

Research commissioned by Equitable reveals that K-12 educators with a choice of retirement plan providers have better financial outcomes. The study of 800 educators indicates that having multiple providers increases participation rates from 25% to 33% and raises average annual contributions by 22%, from $3,961 to $4,843. Additionally, 70% of those with a choice reported satisfaction with their plans, compared to 57% without, while 87% expressed confidence in their retirement plans. These findings underscore the importance of provider choice in achieving financial goals.

AllianceBernstein L.P. (AB) announced a significant rise in its assets under management (AUM), reaching $668 billion in November 2020, up from $622 billion in October, marking a 7.4% increase. This growth was attributed to both market appreciation and net inflows across various channels. Notably, Institutions and Retail saw positive net flows, while Private Wealth experienced minor outflows. Additionally, $5.1 billion in inflows to a low-fee Agency MBS mandate contributed to this increase. However, redemptions from AXA S.A. accounted for approximately $11.8 billion year-to-date of an expected $14 billion total.

Equitable Holdings, Inc. (NYSE: EQH) has announced that Anders Malmström, CFO, will take part in a fireside chat at the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 10:40 a.m. ET. The live audio webcast can be accessed on the Equitable Holdings Investor Relations website, with a replay available shortly after the event. Equitable Holdings, established in 1859, manages approximately $746 billion in assets and serves over 5 million clients globally through its franchises, Equitable and AllianceBernstein.

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.17 per share of common stock, payable on December 1, 2020, to shareholders of record on November 23, 2020. Additionally, the board announced cash dividends on preferred stock: $328.125 per share for Series A and $426.250 for Series B, both payable on December 15, 2020, to holders recorded by December 4, 2020. These dividends reflect the company's continued commitment to returning value to its shareholders.

Equitable announced new options for its Structured Capital Strategies® PLUS (SCS PLUS) registered index-linked annuity, offering clients enhanced ways to benefit even during market downturns. Starting November 23, clients can access features such as capturing up to 125% of the S&P 500's positive returns with downside protection. Additional dual direction protection options expand buffer levels from -10% to -15% and -20%. The innovations aim to assist clients in managing investment risks while targeting growth in volatile markets, emphasizing the need for tailored financial solutions.