Equitable Holdings Inc Stock Price, News & Analysis

Equitable's survey of over 1,000 consumers reveals 53% of Americans regret their workplace benefits choices during last year's open enrollment. Top reasons include failing to adjust benefits for lifestyle changes (25%), missing deadlines (20%), and not understanding options (19%). Workers spent an average of 30-60 minutes selecting benefits, compared to two hours daily on social media.

Notably, 24% of workers use social media for benefits education, with higher percentages among Gen Z (43%) and millennials (37%). The survey also found a knowledge gap regarding voluntary benefits, with 60% of Americans struggling to cover unexpected hospital stay costs.

Employers play a important role in benefits education, with 53% of employees relying on employer-provided materials. Additionally, 35% of workers, particularly younger generations, turn to financial professionals for guidance during open enrollment.

Legacy Community Health announces the 14th Annual Frank Billingsley Golf Classic, presented by Equitable and Hawkins Laakso Wealth Management, scheduled for October 21, 2024, at the Golf Club of Houston. The event supports Legacy's School-Based Health Care (SBHC) program, which provided care to 15,860 unique patients in 70,561 appointments during fiscal year 2024. The SBHC program offers on-site pediatric and behavioral health services to students at KIPP Academy, YES Prep, and Galena Park ISD.

The golf classic aims to raise funds to ensure students from predominantly Latino communities have access to healthcare, reducing barriers for families. Last year's event raised a record $381,000. This year's event starts at 8:30 a.m. with a shotgun start and concludes with an awards luncheon at 2 p.m. The registration deadline for teams and sponsorships is October 14, with attendee tickets available until October 17.

Equitable, a leading financial services organization (NYSE: EQH), has released a new study titled 'How to Plan for the Great Wealth Transfer'. The study, based on a survey of 500 retail investors, aims to help financial professionals understand the characteristics and goals of those benefiting from the great wealth transfer in the U.S.

Key findings include:

• By 2030, over $30 trillion in assets are expected to change hands
• 57% of millennial respondents expect to inherit $1 million or more
• Surviving spouses, predominantly pre-retiree women, will control most transferred assets
• 80% of respondents plan to use a financial professional to manage their new wealth
• Trust is the top factor when selecting a financial professional
• 70% of women and 80% of millennials would consider annuities if recommended by their financial professional

The study emphasizes the importance of financial professionals focusing on women's needs, engaging with millennials, and building trust to become the advisor of choice during this wealth transfer.

Equitable Holdings, Inc. (NYSE: EQH), the financial services holding company of Equitable, AllianceBernstein and Equitable Advisors, has announced the schedule for its third quarter 2024 financial results release. The company will:

1. Release financial results after market close on Monday, November 4, 2024.
2. Host a conference call webcast on Tuesday, November 5, 2024, at 9:00 a.m. ET to discuss the results.
3. Make the webcast and additional earnings materials accessible on their investor relations website at ir.equitableholdings.com.

Interested parties can register for the conference call using the provided link. Registration is open through the live call, but it's recommended to register at least 10 minutes before the start time to ensure full participation.

Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has launched EQUI-VEST® Series 202, an enhanced version of its deferred variable annuity product line for K-12 educators. This new series, available to employees in 403(b) plans at public schools across the U.S., introduces a Structured Investment Option that allows participants to benefit from potential market gains while providing protection against losses.

Key features include:

• Buffered indexed options with downside protection up to -30%
• Longer segment periods and opportunity to lock in gains
• Growth potential mirroring selected index up to a cap
• Option to convert account values into guaranteed lifetime income at retirement

As the leading provider of registered index-linked annuities, Equitable aims to address market volatility concerns and help educators supplement their retirement savings effectively.

Equitable Holdings (NYSE: EQH) has announced its participation in the 2024 KBW Insurance Conference. Robin M. Raju, the company's Chief Financial Officer, will engage in a fireside chat on Wednesday, September 4, 2024, at 2:05 p.m. ET.

The event will be accessible via a live audio webcast on the Equitable Holdings Investor Relations website. Interested parties are advised to log on at least 15 minutes before the event to ensure proper software installation. A replay of the webcast will be available on the website shortly after the live session concludes.

Equitable Holdings is a leading financial services holding company, encompassing Equitable, AllianceBernstein, and Equitable Advisors.

J.P. Morgan Asset Management has unveiled SmartRetirement Lifetime Income, an innovative retirement income solution designed to simplify the saving and spending phases of retirement. This target date offering aims to reduce portfolio volatility near retirement and provide access to lifetime income payments through unaffiliated insurance companies.

Key features include:

• A stable value structure for income generation
• Transparency and flexibility for retirement savers
• Personalized retirement income strategy
• Support from multiple insurers, including Equitable and Prudential

The solution allows participants to save using familiar target date funds and transition to a personalized retirement income strategy. It's based on J.P. Morgan's proprietary data on participant savings and Chase's spending data across 66 million U.S. households.

Equitable's recent survey of over 1,000 consumers reveals significant shifts in retirement expectations. 47% of Americans believe retiring at 65 is unrealistic, with the average expected retirement age now at 74. Key challenges include increasing living expenses (68%), fear of insufficient savings (66%), and lack of guaranteed retirement income (39%).

The survey also found that 64% of consumers prefer a consistent, guaranteed paycheck in retirement, with millennials showing the highest interest at 70%. This preference highlights the growing concern about financial security in retirement, especially among younger generations who face more uncertainty in traditional retirement income sources.

Additionally, 57% of Americans view current economic conditions as highly volatile, driving increased demand for financial products like annuities that offer investment protection and steady income streams. U.S. annuity sales reached a record $385 billion in 2023, up 23% year-over-year, with strong momentum continuing into 2024.

Equitable Holdings (NYSE: EQH) reported strong Q2 2024 results with net income of $428 million ($1.23 per share) and non-GAAP operating earnings of $494 million ($1.43 per share). Adjusting for notable items, non-GAAP operating earnings were $525 million ($1.52 per share). The company saw robust organic growth across its businesses:

- Retirement: $2.3 billion net inflows
- Wealth Management: $1.5 billion net inflows
- Asset Management: $0.9 billion net inflows

Total AUM/A reached a record $986 billion, up 11% year-over-year. The company returned $325 million to shareholders, maintaining its 60-70% payout ratio target. With a strong balance sheet and combined NAIC RBC ratio of 425-450%, Equitable remains on track to deliver $1.4-$1.5 billion cash generation in 2024, increasing to $2.0 billion annually by 2027.