Wall Street expects a year-over-year increase in earnings on higher revenues when Equitable Holdings, Inc. (EQH - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 2. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.87 per share in its upcoming report, which represents a year-over-year change of +26.4%.
Revenues are expected to be $3.9 billion, up 4.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.16% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Equitable Holdings?For Equitable Holdings, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Equitable Holdings will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Equitable Holdings would post earnings of $1.66 per share when it actually produced earnings of $1.70, delivering a surprise of +2.41%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Equitable Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsHippo Holdings Inc. (HIPO - Free Report) , another stock in the Zacks Insurance - Multi line industry, is expected to report earnings per share of $0.48 for the quarter ended September 2026. This estimate points to a year-over-year change of -31.4%. Revenues for the quarter are expected to be $154.65 million, up 28.2% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Hippo Holdings has been revised 1.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +25.00%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #1 (Strong Buy), this Earnings ESP indicates that Hippo Holdings will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in New York, Equitable Holdings, Inc. (EQH - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 10.7%. Currently paying a dividend of $0.30 per share, the company has a dividend yield of 2.27%. In comparison, the Insurance - Multi line industry's yield is 1.77%, while the S&P 500's yield is 1.33%.
Looking at dividend growth, the company's current annualized dividend of $1.20 is up 14.3% from last year. Over the last 5 years, Equitable Holdings, Inc. has increased its dividend 5 times on a year-over-year basis for an average annual increase of 9.67%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Equitable Holdings's current payout ratio is 18%, meaning it paid out 18% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for EQH for this fiscal year. The Zacks Consensus Estimate for 2026 is $7.17 per share, with earnings expected to increase 15.46% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, EQH is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Integrated Advisors Network LLC lessened its position in Equitable Holdings, Inc. (NYSE: EQH) by 30.8% in the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,909 shares of the company's stock after selling 9,739 shares during the period. Integrated Advisors Network LLC's holdings in
Key Takeaways The Hartford closes its Equitable deal, adding $500M in premiums and expanding its employee benefits reach.HIG gains around 300 employees, a broader benefits portfolio and technology to streamline administration.HIG's Employee Benefits premiums grew 5% YoY in Q2 2026, while the deal creates cross-selling opportunities.
The Hartford Insurance Group, Inc. (HIG - Free Report) has completed its acquisition of Equitable’s Employee Benefits business, expanding its reach among small and midsize employers. The acquired business represents approximately $500 million in premiums from non-medical benefits and includes technology designed to improve benefits administration. The transaction advances HIG’s strategy of broadening its product portfolio and enhancing digital capabilities.
The acquired portfolio includes group life, disability, paid family and medical leave, supplemental health, dental and vision insurance. These products expand HIG’s ability to offer employers a wider range of workplace benefits through a single provider. The deal also brings approximately 300 employees into the business, adding expertise and distribution capabilities that could support customer acquisition and strengthen relationships with brokers serving smaller companies.
Technology is another central component of the acquisition. Equitable’s benefits platform supports unified digital capabilities and real-time application programming interface (API) integrations, potentially simplifying the exchange of benefits information across employer, broker and employee systems. Better connectivity could reduce administrative friction, improve the enrollment experience and make HIG’s offerings more attractive to employers seeking streamlined benefits management.
The acquisition also complements HIG’s existing momentum in employee benefits. The segment recorded 5% year-over-year growth in fully insured ongoing premiums in the second quarter of 2026. The addition of Equitable’s portfolio could create incremental revenue opportunities through cross-selling and increased penetration of HIG’s existing distribution channels. Successful integration of the acquired operations could support the company’s long-term performance by strengthening customer retention, diversifying its premium base and reinforcing its competitive position in the employee benefits market.
How Are Competitors Faring?Some of HIG’s competitors in the insurance space include MetLife, Inc. (MET - Free Report) and Lincoln National Corporation (LNC - Free Report) .
MetLife is gaining strong momentum in employee benefits, with Group Benefits adjusted earnings climbing 25% year over year to $503 million in the second quarter of 2026. Favorable underwriting results and business growth strengthen MET’s position in the workplace benefits market and could support further earnings expansion.
Lincoln Financial continues to expand its Group Protection business, with second-quarter 2026 premiums rising 2% year over year. The segment generated $147 million in operating income, reflecting LNC’s established market presence and focus on workplace protection solutions.
HIG’s Price Performance, Valuation & EstimatesOver the past year, HIG’s shares have risen 2% compared with the industry’s growth of 3.9%.
Image Source: Zacks Investment Research
From a valuation standpoint, HIG trades at a forward price-to-earnings ratio of 9.67, below the industry average of 26.87. HIG carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for HIG’s 2026 earnings implies a 4% decline from the year-ago period.
Image Source: Zacks Investment Research
HIG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Equitable (NYSE:EQH – Get Free Report) and Payoneer Global (NASDAQ:PAYO – Get Free Report) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their analyst recommendations, profitability, risk, institutional ownership, dividends, valuation and earnings.
Profitability This table compares Equitable and Payoneer Global’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Equitable -8.72% 511.35% 0.61% Payoneer Global 4.65% 9.97% 0.80% Insider & Institutional Ownership 92.7% of Equitable shares are owned by institutional investors. Comparatively, 82.2% of Payoneer Global shares are owned by institutional investors. 1.0% of Equitable shares are owned by insiders. Comparatively, 2.1% of Payoneer Global shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Valuation & Earnings This table compares Equitable and Payoneer Global”s gross revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Equitable $11.66 billion 1.24 -$1.38 billion ($3.31) -15.97 Payoneer Global $1.05 billion 2.30 $73.19 million $0.14 51.00 Payoneer Global has lower revenue, but higher earnings than Equitable. Equitable is trading at a lower price-to-earnings ratio than Payoneer Global, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations This is a breakdown of current ratings and price targets for Equitable and Payoneer Global, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Equitable 0 3 10 1 2.86 Payoneer Global 0 8 1 0 2.11 Equitable presently has a consensus target price of $63.09, suggesting a potential upside of 19.32%. Payoneer Global has a consensus target price of $7.40, suggesting a potential upside of 3.64%. Given Equitable’s stronger consensus rating and higher probable upside, equities analysts clearly believe Equitable is more favorable than Payoneer Global.
Risk & Volatility Equitable has a beta of 1.1, indicating that its share price is 10% more volatile than the S&P 500. Comparatively, Payoneer Global has a beta of 0.88, indicating that its share price is 12% less volatile than the S&P 500.
Summary Equitable beats Payoneer Global on 8 of the 15 factors compared between the two stocks.
About Equitable (Get Free Report)
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related services to various clients through institutional. The Protection Solutions segment provides life insurance products, such as VUL insurance and IUL insurance, term life, and employee benefits business, such as dental, vision, life, as well as short- and long-term disability insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
(Get Free Report)
Payoneer Global Inc. operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services. It also offers various payment options with minimal integration required, full back-office functions, and customer support offered. The company's platform delivers bank-grade security, stability, and redundancy. It serves customers, such as small and medium-sized businesses in approximately 190 countries and territories worldwide. Payoneer Global Inc. was founded in 2005 and is headquartered in New York, New York.
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All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Equitable Holdings, Inc. (EQH - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 11.71% since the start of the year. The company is paying out a dividend of $0.30 per share at the moment, with a dividend yield of 2.25% compared to the Insurance - Multi line industry's yield of 1.57% and the S&P 500's yield of 1.43%.
Looking at dividend growth, the company's current annualized dividend of $1.20 is up 14.3% from last year. Over the last 5 years, Equitable Holdings, Inc. has increased its dividend 5 times on a year-over-year basis for an average annual increase of 9.67%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Equitable Holdings's current payout ratio is 18%, meaning it paid out 18% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for EQH for this fiscal year. The Zacks Consensus Estimate for 2026 is $7.20 per share, which represents a year-over-year growth rate of 15.94%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that EQH is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Key Takeaways Equitable Holdings is growing Wealth Management and Asset Management to expand its fee-based earnings mix.Wealth Management advisory net inflows reached $2B, while assets under administration rose 27% to $140.6B.AB adds fee growth potential, with $0.8 billion of net inflows and $91 billion in private-market assets. Equitable Holdings, Inc. (EQH - Free Report) is gaining momentum across businesses that generate recurring revenues tied to client assets and advisory activity. Wealth Management and Asset Management are contributing alongside the company’s traditional retirement and insurance operations. In the second quarter of 2026, Wealth Management delivered $2 billion of advisory net inflows, while assets under administration climbed 27% year over year to $140.6 billion.
The wealth business also delivered strong operating performance. Advisor productivity increased 13% year over year in the second quarter of 2026, helping adjusted operating earnings rise 20% to $60 million. The increase was supported by higher client assets and advisory fees. As these businesses expand, EQH is building a more fee-oriented earnings profile, with a greater contribution from recurring asset-based revenues.
AllianceBernstein (AB) adds another layer to this strategy. The asset management business reported $0.8 billion of net inflows in the second quarter, while adjusted operating earnings increased as higher base fees supported results. Equitable Holdings has deployed $25 billion to AB’s private-markets platform, which had $91 billion of assets under management at quarter-end. That creates another avenue for fee growth as private-market capabilities expand.
Retirement remains a major part of EQH’s earnings base. However, growth in Wealth Management, Asset Management and private markets is increasing the contribution from fee-based businesses. If these trends persist, Equitable Holdings could develop a more diversified earnings base with less reliance on traditional insurance economics alone.
How Are Competitors Faring?Some of EQH’s competitors in the insurance space include Prudential Financial, Inc. (PRU - Free Report) and MetLife, Inc. (MET - Free Report) .
Prudential’s fee-based operations are showing stronger momentum. PRU’s PGIM business’ adjusted operating income rose 28.4% year over year to $294 million in the second quarter of 2026, supported by higher asset-management fees, while assets under management increased 4% year over year to $1.5 trillion.
MetLife’s investment-management business is also expanding. MIM’s adjusted earnings increased 6% year over year to $57 million in the second quarter of 2026, reflecting business growth and expense management, while the PineBridge integration has further broadened MET’s asset-management scale.
EQH’s Price Performance, Valuation & EstimatesOver the past year, Equitable Holdings’ shares have risen 5.9% compared with the industry’s growth of 3.5%.
Image Source: Zacks Investment Research
From a valuation standpoint, EQH trades at a forward price-to-earnings ratio of 6.17, below the industry average of 8.71. Equitable Holdings carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for EQH’s 2026 earnings implies 15.6% growth from the year-ago period.
Image Source: Zacks Investment Research
Equitable Holdings currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Equitable (NYSE:EQH – Get Free Report) and Coincheck Group (NASDAQ:CNCK – Get Free Report) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, earnings, analyst recommendations, valuation, profitability and risk.
Analyst Ratings This is a summary of recent ratings and target prices for Equitable and Coincheck Group, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Equitable 1 2 10 1 2.79 Coincheck Group 1 2 1 0 2.00 Equitable currently has a consensus price target of $61.82, indicating a potential upside of 18.50%. Coincheck Group has a consensus price target of $3.75, indicating a potential upside of 164.08%. Given Coincheck Group’s higher possible upside, analysts clearly believe Coincheck Group is more favorable than Equitable.
Risk & Volatility Equitable has a beta of 1.1, indicating that its share price is 10% more volatile than the S&P 500. Comparatively, Coincheck Group has a beta of 0.49, indicating that its share price is 51% less volatile than the S&P 500. Institutional and Insider Ownership 92.7% of Equitable shares are held by institutional investors. Comparatively, 33.2% of Coincheck Group shares are held by institutional investors. 1.0% of Equitable shares are held by insiders. Comparatively, 65.1% of Coincheck Group shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Profitability This table compares Equitable and Coincheck Group’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Equitable -8.72% 511.35% 0.61% Coincheck Group -0.30% -7.94% -1.23% Earnings & Valuation This table compares Equitable and Coincheck Group”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Equitable $10.62 billion 1.34 -$1.38 billion ($3.31) -15.76 Coincheck Group $3.02 billion 0.08 -$12.10 million ($0.06) -23.67 Coincheck Group has lower revenue, but higher earnings than Equitable. Coincheck Group is trading at a lower price-to-earnings ratio than Equitable, indicating that it is currently the more affordable of the two stocks.
Summary Equitable beats Coincheck Group on 10 of the 15 factors compared between the two stocks.
About Equitable (Get Free Report)
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related services to various clients through institutional. The Protection Solutions segment provides life insurance products, such as VUL insurance and IUL insurance, term life, and employee benefits business, such as dental, vision, life, as well as short- and long-term disability insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
(Get Free Report)
Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc. which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.
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Equitable (NYSE:EQH – Get Free Report) and Paymentus (NYSE:PAY – Get Free Report) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability and risk.
Institutional and Insider Ownership 92.7% of Equitable shares are owned by institutional investors. Comparatively, 78.4% of Paymentus shares are owned by institutional investors. 1.0% of Equitable shares are owned by company insiders. Comparatively, 55.7% of Paymentus shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Profitability This table compares Equitable and Paymentus’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Equitable -8.72% 511.35% 0.61% Paymentus 6.24% 15.26% 12.80% Risk and Volatility Equitable has a beta of 1.1, suggesting that its share price is 10% more volatile than the S&P 500. Comparatively, Paymentus has a beta of 1.31, suggesting that its share price is 31% more volatile than the S&P 500. Earnings & Valuation This table compares Equitable and Paymentus”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Equitable $10.62 billion 1.34 -$1.38 billion ($3.31) -15.76 Paymentus $1.36 billion 2.78 $66.94 million $0.66 45.43 Paymentus has lower revenue, but higher earnings than Equitable. Equitable is trading at a lower price-to-earnings ratio than Paymentus, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a breakdown of recent ratings and price targets for Equitable and Paymentus, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Equitable 1 2 10 1 2.79 Paymentus 0 5 1 2 2.62 Equitable currently has a consensus price target of $61.82, indicating a potential upside of 18.50%. Paymentus has a consensus price target of $38.67, indicating a potential upside of 28.95%. Given Paymentus’ higher possible upside, analysts clearly believe Paymentus is more favorable than Equitable.
Summary Paymentus beats Equitable on 10 of the 15 factors compared between the two stocks.
About Equitable (Get Free Report)
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related services to various clients through institutional. The Protection Solutions segment provides life insurance products, such as VUL insurance and IUL insurance, term life, and employee benefits business, such as dental, vision, life, as well as short- and long-term disability insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
About Paymentus (Get Free Report)
Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform. Its platform's payment processing includes credit cards, debit cards, eChecks, and digital wallets. It serves utility, financial service, government, insurance, telecommunication, real estate management, education, consumer finance, healthcare, and small business industries. The company was founded in 2004 and is headquartered in Charlotte, North Carolina.
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Corient Private Wealth LP trimmed its stake in shares of Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 36.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,516 shares of the company’s stock after selling 12,485 shares during the quarter. Corient Private Wealth LP’s holdings in Equitable were worth $944,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Equitable during the 2nd quarter worth $2,606,000. Wedmont Private Capital bought a new position in Equitable in the second quarter valued at about $217,000. HB Wealth Management LLC raised its position in Equitable by 4.8% in the second quarter. HB Wealth Management LLC now owns 9,784 shares of the company’s stock valued at $429,000 after purchasing an additional 444 shares during the last quarter. AlphaGrep UK Ltd acquired a new stake in shares of Equitable during the second quarter valued at about $267,000. Finally, denkapparat Operations GmbH boosted its stake in shares of Equitable by 90.3% during the second quarter. denkapparat Operations GmbH now owns 18,636 shares of the company’s stock valued at $818,000 after purchasing an additional 8,844 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.
Insider Activity In other Equitable news, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $48.54, for a total value of $1,927,038.00. Following the completion of the transaction, the chief executive officer owned 753,403 shares in the company, valued at $36,570,181.62. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Craig MacKay sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total value of $113,014.00. Following the sale, the director directly owned 18,999 shares of the company’s stock, valued at approximately $975,978.63. This represents a 10.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 72,516 shares of company stock worth $3,658,629. Corporate insiders own 1.00% of the company’s stock.
Analysts Set New Price Targets Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Equitable from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Evercore reiterated an “outperform” rating and set a $66.00 price target on shares of Equitable in a report on Thursday, August 20th. Zacks Research raised shares of Equitable from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Jefferies Financial Group increased their price objective on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Keefe, Bruyette & Woods raised their target price on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.82. Get Our Latest Stock Report on Equitable
Equitable Stock Up 0.0% EQH stock opened at $53.85 on Monday. The stock’s 50 day simple moving average is $50.98 and its 200 day simple moving average is $45.04. The company has a market cap of $14.70 billion, a P/E ratio of -16.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.10. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable Holdings, Inc. has a fifty-two week low of $35.19 and a fifty-two week high of $55.06.
Equitable (NYSE:EQH – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was down 29.8% on a year-over-year basis. On average, research analysts expect that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.
Equitable Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.30 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.2%. Equitable’s dividend payout ratio (DPR) is -36.25%.
Equitable Company Profile (Free Report)
Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.
The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.
The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.
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Jackson’s Record Quarter Powers the Bull CaseEquitable NYSE: EQH highlighted continued business momentum, strategic portfolio changes and its planned merger of equals with Corebridge during its 2026 annual meeting of stockholders.
President and Chief Executive Officer Mark Pearson said 2025 was marked by “strong execution and meaningful progress” toward the company’s strategic growth plans. He pointed to actions intended to strengthen Equitable’s balance sheet and reshape its business mix, including the reinsurance of 75% of its in-force life insurance block to RGA, an increased ownership stake in AllianceBernstein, and the announced acquisition of Stifel Independent Advisors.
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Assets and earnings growth 3 Major Buybacks Just Dropped—Here’s the Signal Investors SeePearson said business momentum continued into 2026, with organic growth across the company’s businesses. Assets under management and administration reached a record $1.2 trillion as of June 30, representing a 10% increase from the prior year, according to Pearson.
He also said non-GAAP earnings per share rose 25% during the first half of 2026. Pearson said the performance kept the company on track to meet its 2026 financial targets and supported its confidence in the long-term objectives previously outlined at its Investor Day.
3 Dividend Stocks Just Hiked Payouts 10%+ and Beat the MarketThe company’s leadership framed its strategy around changing retirement and financial-advice needs. Pearson cited longer life expectancies, more complicated retirement planning and growing demand for comprehensive financial advice as major forces affecting the industry.
“This profound need presents our industry with both an important responsibility and an extraordinary opportunity,” Pearson said.
Corebridge merger outlined Pearson described Equitable’s previously announced merger of equals with Corebridge as a defining moment for the company. He said the transaction follows years of efforts to build a more diversified and resilient financial institution after Equitable became an independent U.S.-listed company in 2018.
According to Pearson, Equitable and Corebridge have complementary strengths and limited overlap. The combined organization is expected to hold positions across retirement, wealth management, asset management and protection solutions.
Pearson said the merger would provide a more diversified earnings mix, enhanced cash generation and greater financial flexibility. He also said the combined company would have greater scale, capabilities and distribution resources to connect more clients with financial advice and solutions.
Upon the merger’s closing, Pearson said he will serve as executive chair of the combined company, while Marc Costantini will become chief executive officer.
Shareholders approve management proposals During the formal business portion of the meeting, stockholders considered three management proposals:
The election of directors for one-year terms ending at the 2027 annual meeting; The ratification of PricewaterhouseCoopers LLP as Equitable’s independent registered public accounting firm for fiscal 2026; and An advisory vote approving compensation for the company’s named executive officers. Kurt Meyers, Equitable’s chief legal officer and corporate secretary, said preliminary results indicated that each director nominee was elected and that shareholders approved the auditor ratification and executive-compensation proposals. The company said it expects to report final voting results in a Form 8-K filing with the Securities and Exchange Commission within four business days.
Pearson also thanked departing director Bertram Scott, who is not standing for re-election after reaching the board’s mandatory retirement age. Scott joined Equitable’s board in 2019, Pearson said.
No stockholder questions were submitted during the meeting.
About Equitable (NYSE:EQH)Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.
The company's principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.
The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in New York, Equitable Holdings, Inc. (EQH - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 13.05%. The company is currently shelling out a dividend of $0.30 per share, with a dividend yield of 2.23%. This compares to the Insurance - Multi line industry's yield of 1.77% and the S&P 500's yield of 1.44%.
Looking at dividend growth, the company's current annualized dividend of $1.20 is up 14.3% from last year. Over the last 5 years, Equitable Holdings, Inc. has increased its dividend 5 times on a year-over-year basis for an average annual increase of 9.67%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Equitable Holdings's current payout ratio is 18%, meaning it paid out 18% of its trailing 12-month EPS as dividend.
EQH is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $7.18 per share, with earnings expected to increase 15.62% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that EQH is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) Director Craig Mackay sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $54.27, for a total value of $108,540.00. Following the completion of the transaction, the director directly owned 16,999 shares in the company, valued at $922,535.73. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Equitable Trading Down 0.1% Equitable stock opened at $54.00 on Friday. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $14.74 billion, a PE ratio of -16.31, a price-to-earnings-growth ratio of 0.53 and a beta of 1.10. The business’s fifty day moving average is $50.54 and its 200 day moving average is $44.55. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $55.15.
Equitable (NYSE:EQH – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was down 29.8% on a year-over-year basis. On average, sell-side analysts predict that Equitable Holdings, Inc. will post 7.18 EPS for the current year.
Equitable Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. Equitable’s dividend payout ratio is currently -36.25%. Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Equitable in the 2nd quarter worth approximately $1,136,305,000. Capital International Investors boosted its position in shares of Equitable by 23.0% in the fourth quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock worth $645,449,000 after purchasing an additional 2,532,791 shares during the period. Norges Bank purchased a new stake in shares of Equitable in the fourth quarter worth $550,995,000. Canada Pension Plan Investment Board purchased a new stake in shares of Equitable in the second quarter worth $399,576,000. Finally, Wellington Management Group LLP raised its position in shares of Equitable by 6.3% during the 2nd quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after purchasing an additional 523,638 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several equities research analysts have recently commented on EQH shares. Weiss Ratings lowered shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on shares of Equitable from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Barclays boosted their target price on shares of Equitable from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their target price on shares of Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Equitable from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.82.
Get Our Latest Stock Report on EQH
About Equitable (Get Free Report)
Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.
The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.
The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.
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Engineers Gate Manager LP decreased its stake in shares of Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 94.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,750 shares of the company’s stock after selling 637,263 shares during the period. Engineers Gate Manager LP’s holdings in Equitable were worth $1,700,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of EQH. BlackRock Inc. acquired a new stake in Equitable during the second quarter valued at approximately $1,136,305,000. Capital International Investors raised its position in shares of Equitable by 23.0% during the 4th quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock valued at $645,449,000 after acquiring an additional 2,532,791 shares in the last quarter. Norges Bank acquired a new stake in shares of Equitable during the 4th quarter valued at approximately $550,995,000. Canada Pension Plan Investment Board bought a new position in Equitable during the second quarter worth $399,576,000. Finally, Wellington Management Group LLP lifted its stake in Equitable by 6.3% during the second quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock worth $385,485,000 after purchasing an additional 523,638 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets Several research firms have weighed in on EQH. Wells Fargo & Company boosted their target price on shares of Equitable from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Evercore restated an “outperform” rating and issued a $66.00 price target on shares of Equitable in a research report on Thursday, August 20th. Weiss Ratings lowered shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, UBS Group increased their price objective on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.82.
Check Out Our Latest Stock Report on EQH Equitable Stock Down 0.1% Equitable stock opened at $53.94 on Thursday. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $55.15. The company has a 50-day simple moving average of $50.25 and a 200-day simple moving average of $44.38. The firm has a market capitalization of $14.73 billion, a P/E ratio of -16.29, a P/E/G ratio of 0.53 and a beta of 1.10.
Equitable (NYSE:EQH – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business posted $1.10 EPS. Equitable’s revenue was down 29.8% on a year-over-year basis. As a group, equities analysts expect that Equitable Holdings, Inc. will post 7.18 earnings per share for the current year.
Equitable Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Equitable’s payout ratio is currently -36.25%.
Insiders Place Their Bets In related news, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $48.54, for a total value of $1,927,038.00. Following the sale, the chief executive officer directly owned 753,403 shares in the company, valued at $36,570,181.62. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Craig MacKay sold 2,200 shares of Equitable stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total value of $113,014.00. Following the sale, the director directly owned 18,999 shares in the company, valued at $975,978.63. The trade was a 10.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 67,736 shares of company stock worth $3,398,996. 1.00% of the stock is owned by company insiders.
About Equitable (Free Report)
Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.
The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.
The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.
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California State Teachers Retirement System boosted its stake in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 2,696.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,272,760 shares of the company’s stock after buying an additional 13,762,414 shares during the period. California State Teachers Retirement System owned 5.23% of Equitable worth $626,289,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedmont Private Capital purchased a new stake in Equitable in the second quarter worth about $217,000. HB Wealth Management LLC boosted its holdings in Equitable by 4.8% in the second quarter. HB Wealth Management LLC now owns 9,784 shares of the company’s stock worth $429,000 after acquiring an additional 444 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in Equitable in the second quarter worth $267,000. denkapparat Operations GmbH grew its stake in shares of Equitable by 90.3% in the second quarter. denkapparat Operations GmbH now owns 18,636 shares of the company’s stock worth $818,000 after acquiring an additional 8,844 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Equitable in the second quarter worth $376,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.
Analyst Upgrades and Downgrades EQH has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Weiss Ratings lowered Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Barclays upped their price objective on Equitable from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. UBS Group raised their target price on Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Evercore restated an “outperform” rating and set a $66.00 price target on shares of Equitable in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.82.
View Our Latest Stock Report on Equitable Insider Buying and Selling at Equitable In other news, insider Nick Lane sold 14,923 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $53.24, for a total value of $794,500.52. Following the sale, the insider owned 110,007 shares of the company’s stock, valued at approximately $5,856,772.68. This represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Pearson sold 39,700 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $48.54, for a total transaction of $1,927,038.00. Following the transaction, the chief executive officer owned 753,403 shares in the company, valued at $36,570,181.62. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 107,436 shares of company stock valued at $5,196,612 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.
Equitable Trading Up 0.6% Shares of EQH opened at $53.66 on Tuesday. The firm has a market cap of $14.65 billion, a P/E ratio of -16.21, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.15 and a quick ratio of 0.15. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $55.15. The company has a 50 day simple moving average of $49.95 and a two-hundred day simple moving average of $44.21.
Equitable (NYSE:EQH – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. Equitable’s quarterly revenue was down 29.8% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. On average, equities analysts expect that Equitable Holdings, Inc. will post 7.18 earnings per share for the current fiscal year.
Equitable Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.20 annualized dividend and a yield of 2.2%. Equitable’s dividend payout ratio (DPR) is -36.25%.
Equitable Profile (Free Report)
Equitable Holdings, Inc is a financial services company that provides retirement, life insurance and wealth management solutions. Its businesses serve individuals, families, employers and institutions through financial professionals and advisory channels.
The company’s principal operations include Equitable, which offers individual life insurance, annuities, retirement plans and employee benefits, and Equitable Advisors, which provides financial planning and investment advice. Equitable Holdings also owns a majority interest in AllianceBernstein, a global investment management firm serving institutional and retail clients.
The company traces its history to 1859, when the Equitable Life Assurance Society of the United States was founded.
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Expanded offering also adds diversified index strategies to provide greater flexibility across market cycles
NEW YORK--(BUSINESS WIRE)--Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today announced enhancements to its variable annuity portfolio, Structured Capital Strategies®(SCS), which includes the first bitcoin-linked index investment option available within a registered index-linked annuity.
“Equitable pioneered the first index-linked annuity in 2010, and continues to lead the way as client needs and investment preferences change,” said Steve Scanlon, Equitable’s Head of Individual Retirement. “We know that investors are interested in cryptocurrency and its growth potential, though they remain cautious about its volatility. This new option means clients can gain bitcoin-related exposure with a defined level of downside protection.”
The new SCS Premier option is linked to the performance of the iShares Bitcoin Trust ETF (NASDAQ: IBIT), expanding the solution’s lineup beyond existing options tied to the S&P 500, Nasdaq-100, Russell 2000 and MSCI EAFE indices. It is the first annuity option linked exclusively to the performance of bitcoin without dynamically allocating to equities, cash or other assets. The one-year segment will offer 10%, 15%, 20% and 40% buffers, with allocations generally limited to 25% of the contract value.
Today’s enhancements also add diversified index strategies, a shorter segment duration and an option to capture positive returns during market declines with several new investment options that give clients more choice in how they pursue growth and manage investment risk. Highlights include:
Optimal Mix Segments – Optimal Mix segments provide clients with diversified exposure to multiple market indices and assign the greatest weights to the best-performing indices at the end of the segment. At segment maturity, the indices are ranked based on their performance during the segment term, and the segment rate of return is determined using a weighted average of those performances. A U.S. and a global version are available.
Dual Direction Downside Advantage segments – Building on the legacy of Equitable’s widely used Dual Direction Segment, clients can turn market declines into the potential for positive returns with Dual Direction Downside Advantage. If the selected index declines but remains within the applicable buffer, the option provides clients with a return equal to twice the absolute value of the decline, before the applicable contract fee and subject to the segment’s terms. If the benchmark declines beyond the segment buffer, the client absorbs losses beyond the protected amount.
Three-month standard segments – Clients will have more frequent opportunities to lock in performance and make allocation decisions as market conditions change with a new three-month duration for select segments.
About Equitable
Equitable, a principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With the mission to help clients secure their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 employees and Equitable Advisors financial professionals and serves more than 4 million clients across the country. Please visit equitable.com for more information.
Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company.
Structured Capital Strategies® Premier is a variable and index-linked deferred annuity contract with investment options that track indices up to a cap while providing levels of downside protection. Simply stated, an annuity is a contract between you and an insurance company that lets you pursue the accumulation of assets. You may then take payments or a lump-sum amount at a later date. Regarding partial downside protection, there is a risk of substantial loss of principal because the investor agrees to absorb all losses to the extent they exceed the protection provided. It is not possible to invest directly in an index. Annuities contain certain restrictions and limitations. For costs and complete details, contact a financial professional.
Variable annuities and index-linked annuities are sold by prospectus, which contains more complete information about the contract, including risks, charges, expenses and investment objectives. You should review the prospectus carefully before purchasing a variable or index-linked annuity or sending any money. Contact a financial professional for a copy of the current prospectus.
Certain features and benefits described herein may not be available in all jurisdictions. In addition, some distributors may eliminate and/or limit the availability of certain features or options, based on annuitant issue age or other criteria. Not all types of contracts, features and benefits are available in all jurisdictions and all markets. All contract and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the claims-paying ability of the issuing life insurance company.
The Structured Capital Strategies® Premier, Structured Capital Strategies® PLUS, and Structured Capital Strategies® Income registered index-linked annuities are issued by Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with an admin. office in Charlotte, NC and by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY), depending on the particular contract and its distributor. The obligations of Equitable Financial and Equitable America are backed solely by their own claims-paying abilities. GE-9087493.1(08/26) (exp.08/36)
Algebris UK Ltd. bought a new stake in shares of Equitable Holdings, Inc. (NYSE:EQH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,957,978 shares of the company’s stock, valued at approximately $85,646,000. Equitable makes up approximately 5.6% of Algebris UK Ltd.’s portfolio, making the stock its 4th biggest position. Algebris UK Ltd. owned approximately 0.72% of Equitable as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQH. BlackRock Inc. purchased a new stake in shares of Equitable in the 2nd quarter worth about $1,136,305,000. Price T Rowe Associates Inc. MD raised its stake in Equitable by 7.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,258,124 shares of the company’s stock worth $822,351,000 after buying an additional 1,132,861 shares in the last quarter. Capital International Investors raised its stake in Equitable by 23.0% in the fourth quarter. Capital International Investors now owns 13,545,628 shares of the company’s stock worth $645,449,000 after buying an additional 2,532,791 shares in the last quarter. Norges Bank purchased a new stake in Equitable in the fourth quarter worth about $550,995,000. Finally, Pzena Investment Management LLC purchased a new stake in Equitable in the second quarter worth about $244,052,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.
Insider Transactions at Equitable In related news, Director Charles G.T. Stonehill sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $51.54, for a total value of $386,550.00. Following the transaction, the director owned 34,357 shares in the company, valued at $1,770,759.78. The trade was a 17.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bertram L. Scott sold 2,470 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $41.08, for a total transaction of $101,467.60. Following the sale, the director directly owned 27,931 shares in the company, valued at $1,147,405.48. This trade represents a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,541 shares of company stock worth $5,357,784 over the last quarter. Corporate insiders own 1.00% of the company’s stock.
Equitable Price Performance EQH stock opened at $50.09 on Thursday. The firm has a 50 day moving average price of $47.68 and a 200-day moving average price of $43.37. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $55.15. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of -15.13, a PEG ratio of 0.50 and a beta of 1.09. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable (NYSE:EQH – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%.The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the firm posted $1.10 EPS. The business’s revenue for the quarter was down 29.8% compared to the same quarter last year. Equities research analysts forecast that Equitable Holdings, Inc. will post 7.15 EPS for the current fiscal year.
Equitable Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Equitable’s dividend payout ratio (DPR) is presently -36.25%.
Analysts Set New Price Targets EQH has been the topic of a number of research analyst reports. Weiss Ratings downgraded Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Jefferies Financial Group raised their target price on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. UBS Group upped their price target on Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.50.
Check Out Our Latest Analysis on EQH
Equitable Profile (Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
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On August 17, 2026, Equitable Holdings Inc (EQH) shares fell 3.7% to $51.13, reflecting a challenging market environment. The stock's performance has experience
Equitable Holdings remains a "Strong Buy," supported by robust financials, a favorable rate environment, and the upcoming Corebridge merger. EQH is on track for $1.8 billion cash generation and at least $4.30/share capital returns in 2026, with buybacks reducing share count by 8%. The CRBG merger is expected to deliver $550 million in cost synergies and ~10% EPS accretion by 2027, with minimal regulatory risk.
3 Major Buybacks Just Dropped—Here’s the Signal Investors SeeEquitable NYSE: EQH said second-quarter operating earnings rose as the company advanced its pending merger with Corebridge and reported positive net flows across all of its business segments. Shareholders of both companies approved the transaction on July 30, and Equitable said it remains on track to close the merger by the end of 2026.
President and Chief Executive Officer Mark Pearson said the company has established the first three levels of management for the combined organization and begun integration planning, including work on expense, revenue and capital synergies. More than 97% of voting shareholders supported the transaction, and federal antitrust review has been completed, according to the company.
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3 Dividend Stocks Just Hiked Payouts 10%+ and Beat the Market“We remain focused on achieving our 2026 financial targets and are not treating this as a gap year,” Pearson said.
Second-Quarter Results and Capital Returns Equitable reported non-GAAP operating earnings of $488 million, or $1.70 per share, for the second quarter. Excluding notable items, operating earnings were $1.75 per share, up 24% from a year earlier. The company reported a net loss of $453 million, which Chief Financial Officer Robin Raju attributed to non-economic hedge portfolio impacts resulting from strong equity markets.
Notable items included $49 million of below-plan alternative investment returns, partly offset by a $35 million benefit from favorable tax items. Equitable’s alternative-investment portfolio, representing about 2% of its total general account, generated an annualized return slightly above 1% during the quarter. Raju said private-equity results were affected by the lagged effect of first-quarter market declines.
The company expects alternative-investment returns to improve in the second half, though it plans to provide more detailed guidance later in the quarter. Equitable’s consolidated tax rate was 15% in the second quarter, aided by tax planning, but management expects a more typical rate of about 20% in the third quarter.
Assets under management and administration reached a record $1.2 trillion, up 10% year over year, supported by favorable equity markets and net inflows. Equitable returned $449 million of capital to shareholders during the quarter, including $366 million in share repurchases. Its quarterly payout ratio was 92%, while its first-half payout ratio was 70%. The company continues to target a full-year payout ratio of 60% to 70%.
Equitable ended the quarter with $800 million of cash and liquid assets at the holding company and said its estimated combined NAIC risk-based capital ratio remained well above its 400% target operating level. Management reaffirmed its goal of generating roughly $1.8 billion of holding-company cash flow in 2026.
Business Segment Momentum In Retirement, Equitable recorded $1.7 billion of net inflows, led by 10% growth in registered index-linked annuity, or RILA, sales and higher institutional volumes. Its spread-lending operation generated $2.6 billion of net issuance during the period.
Retirement earnings, excluding notable items, were $408 million. Net interest margin increased 11% from a year earlier and 1% sequentially, while core spreads excluding alternatives rose by one basis point from the first quarter to 174 basis points. Raju said management expects core spreads to remain near current levels, although quarterly volatility remains possible.
Wealth Management generated $2 billion in advisory inflows and posted an 11% trailing-12-month organic growth rate. Total assets under administration increased 27% to $141 billion, while advisor productivity rose 13%. Segment earnings increased 26% year over year. Nick Lane, president of Equitable Financial, said the company expects margins to increase as the business adds scale and assets.
AllianceBernstein returned to positive organic growth with $800 million in net inflows. Its assets ended the quarter at a record $906 billion, and earnings rose 21% year over year to $158 million. The asset manager’s retail flows benefited from a $9 billion sub-advisory mandate from Equitable separate accounts, while institutional flows were also positive.
In July, AllianceBernstein onboarded $12 billion of Equitable commercial mortgage loans that had previously been managed by a third party. AllianceBernstein Chief Financial Officer Tom Simeone said the transferred book carries fee rates in the high single digits and will begin generating fees for AllianceBernstein in the fourth quarter. The company also cited a $14 billion unfunded commercial-mortgage-loan pipeline.
Private-markets assets under management at AllianceBernstein rose 18% year over year to $91 billion, reaching the company’s $90 billion-to-$100 billion target range more than a year ahead of schedule. Active ETF assets surpassed $20 billion across 31 strategies and generate about $100 million in annual fee income, according to Equitable.
Corebridge Strategy and Revenue Synergies Equitable has said the merger with Corebridge is expected to generate at least 10% accretion to earnings and cash flow per share by the end of 2028 and produce a return on equity above 15% on a capital base exceeding $30 billion. Management said it remains confident in the financial targets announced with the deal.
Pearson said the company is now working through technology-stack decisions and integration planning. He said outreach to external distribution partners has been positive, with partners seeking to identify ways to expand their relationships with the combined company.
Raju said the companies must continue operating independently until the deal closes, but planning is underway for potential revenue initiatives. These include distributing Corebridge fixed annuities, term life insurance and indexed universal life products through Equitable Advisors. Equitable Advisors currently sells approximately $2 billion of fixed annuities, he said.
Management also expects the merger to expand its institutional-market capabilities through offerings such as pension risk transfer, guaranteed investment contracts, stable value and structured settlements. The larger combined balance sheet is expected to provide more capacity for institutional and spread-lending growth.
Employee Benefits Sale Equitable also discussed its planned sale of its employee benefits business to The Hartford. The business, established in 2015, has grown to more than 800,000 customers and about $500 million in premiums but has not yet become profitable because of insufficient scale, Raju said.
The transaction is expected to have a neutral to slightly positive near-term effect on earnings. Equitable plans to use proceeds to invest in its larger-scale businesses as it prepares for the Corebridge merger.
About Equitable (NYSE:EQH)Equitable Holdings, Inc NYSE: EQH is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Equitable Holdings, Inc. (EQH - Free Report) came out with quarterly earnings of $1.7 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.41%. A quarter ago, it was expected that this company would post earnings of $1.6 per share when it actually produced earnings of $1.62, delivering a surprise of +1.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Equitable Holdings, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $3.73 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.92%. This compares to year-ago revenues of $3.8 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Equitable Holdings shares have added about 0.7% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Equitable Holdings?While Equitable Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Equitable Holdings was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.87 on $4.05 billion in revenues for the coming quarter and $7.11 on $15.66 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
TWFG, Inc. (TWFG - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This company is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +25%. The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level.
TWFG, Inc.'s revenues are expected to be $75.03 million, up 24.4% from the year-ago quarter.
For the quarter ended June 2026, Equitable Holdings, Inc. (EQH - Free Report) reported revenue of $3.73 billion, down 2% over the same period last year. EPS came in at $1.70, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of -1.92%. The company delivered an EPS surprise of +2.41%, with the consensus EPS estimate being $1.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Equitable Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Retirement - Net flows: $1.68 billion versus the two-analyst average estimate of $1.57 billion.Retirement - Total asset value end of period: $188.77 billion versus $179.58 billion estimated by two analysts on average.Asset Management - AUM, Balance as of end of period: $905.50 billion versus $873.61 billion estimated by two analysts on average.Wealth Management - Total AUA: $140.59 billion versus $137.74 billion estimated by two analysts on average.Revenues- Wealth Management- Net investment income (loss): $3 million versus the two-analyst average estimate of $3.5 million. The reported number represents a year-over-year change of +50%.Revenues- Wealth Management- Investment management, service fees and other income: $541 million versus the two-analyst average estimate of $569.38 million. The reported number represents a year-over-year change of +15.4%.Revenues- Corporate and Other- Policy charges, fee income and premiums: $366 million versus $343.5 million estimated by two analysts on average.Revenues- Corporate and Other- Net investment income (loss): $86 million versus the two-analyst average estimate of $116.46 million.Revenues- Corporate and Other- Investment management, service fees and other income: $118 million versus the two-analyst average estimate of $122.5 million.Revenues- Retirement- Investment management, service fees and other income: $190 million compared to the $185.91 million average estimate based on two analysts. The reported number represents a change of +126.2% year over year.Segment revenues- Wealth Management: $544 million versus $572.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.Segment revenues- Corporate and Other: $548 million versus the two-analyst average estimate of $579.96 million. The reported number represents a year-over-year change of +142.5%.View all Key Company Metrics for Equitable Holdings here>>>
Shares of Equitable Holdings have returned +1.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced financial results for the second quarter ended June 30, 2026.
“During the second quarter, we made significant progress on the merger with Corebridge while also delivering strong financial results. We reported Non-GAAP operating earnings per share of $1.70, or $1.75 excluding notable items, up 24% from the prior year quarter. Our businesses delivered healthy organic growth, highlighted by $1.7 billion of net inflows in Retirement, $2.0 billion of advisory net inflows in Wealth Management and $0.8 billion of net inflows for AllianceBernstein. Positive flows, coupled with favorable market conditions, drove assets under management to a record $1.2 trillion in the quarter,” said Mark Pearson, President and Chief Executive Officer.
Mr. Pearson concluded, “We remain focused on executing our growth strategy and delivering on our 2026 financial targets so that we enter the merger with strong momentum. Shareholders overwhelmingly approved the merger on July 30th and we remain on track to close by year-end 2026. Our joint integration efforts are well underway, and I am confident that the New Equitable will have the scale, distribution reach and business model to be a winner in growing markets and deliver long-term value for our customers and shareholders.”
Consolidated Results
Second Quarter
(in millions, except per share amounts or unless otherwise noted)
2026
2025
Total Assets Under Management/Administration (“AUM/A”, in billions)
$
1,175
$
1,070
Net income (loss) attributable to Holdings
(453
)
(349
)
Net income (loss) attributable to Holdings per common share
(1.68
)
(1.21
)
Non-GAAP operating earnings
488
352
Non-GAAP operating earnings per common share (“EPS”)
1.70
1.10
As of June 30, 2026, total AUM/A increased 10% year-over-year to $1.2 trillion, driven by positive net flows and higher markets over the prior twelve months.
Net loss attributable to Holdings for the second quarter of 2026 was $453 million compared to $349 million in the second quarter of 2025.
Non-GAAP operating earnings in the second quarter of 2026 were $488 million compared to $352 million in the second quarter of 2025. Adjusting for notable items3 of $14 million, second quarter 2026 Non-GAAP operating earnings were $501 million or $1.75 per share.
As of June 30, 2026, book value per common share including accumulated other comprehensive income (“AOCI”) was $(6.79). Book value per common share excluding AOCI was $16.89. Both of these measures reflect the Company’s 68% ownership stake in AllianceBernstein (“AB”) at book value. Book value per common share excluding AOCI but with AB reflected at fair market value was $30.92.
Business Highlights
Second quarter 2026 business segment highlights: Retirement reported net inflows of $1.7 billion and first year premiums of $6.2 billion increased 13% over the prior year. Asset Management (AllianceBernstein or “AB”)4 reported net inflows of $0.8 billion, driven by the retail and institutional channels. Wealth Management (“WM”) reported advisory net inflows of $2.0 billion and total assets under administration of $141 billion. Capital management program: The Company returned $449 million to shareholders in the second quarter, including $83 million quarterly cash dividends and $366 million of share repurchases. The Company had a payout ratio of 70% in the first half of 2026 and remains on track to achieve its targeted 60-70% payout ratio for 2026. The Company continues to target $1.8 billion of cash generation for 2026 and has received regulatory approval for up to $0.9 billion of insurance company dividends in the second half of the year. The Company reported cash and liquid assets of $0.8 billion at Holdings5 as of quarter end, which remains above the $500 million minimum target. The combined NAIC RBC ratio remains well above the Company’s target of 400% as of quarter end. Delivering shareholder value: The Company has deployed $25 billion of capital to AB’s Private Markets Platform, above its original $20 billion capital commitment. This supports growth in AB’s Private Markets business, which had $91 billion of assets under management as of quarter end. On July 30th, the Company received shareholder approval for the merger with Corebridge Financial. Subject to regulatory approvals, the merger is expected to close by year-end 2026. The transaction is expected to be immediately accretive to earnings per share and cash generation with 10%+ accretion on a run rate basis by year-end 2028. Business Segment Results
Retirement
(in millions, unless otherwise noted)
Q2 2026
Q2 2025
Total Assets (in billions)6
$
188.8
$
164.7
Segment net flows (in billions)
1.7
1.9
Operating earnings (loss)
402
354
Assets increased by 15%, driven by market performance and net inflows over the prior twelve months. First year premiums of $6.2 billion increased by 13% while net inflows of $1.7 billion were lower than the prior year quarter. Operating earnings of $402 million increased versus the prior year quarter, primarily due to higher fee-based revenue and a lower tax rate. Operating earnings adjusted for notable items7 increased from $368 million in the prior year quarter to $408 million. Notable items of $6 million in the current period reflect lower net investment income from alternatives, partially offset by a benefit from tax credits. Asset Management
(in millions, unless otherwise noted)
Q2 2026
Q2 2025
Total AUM (in billions)
$
905.5
$
829.1
Segment net flows (in billions)
0.8
(6.7
)
Operating earnings (loss)
158
131
AUM increased by 9% due to market performance over the prior twelve months. Net inflows were $0.8 billion in the quarter, driven by net inflows of $0.9 billion in Retail and $0.6 billion in Institutional, partially offset by net outflows of $0.7 billion in Private Wealth. Operating earnings adjusted for notable items increased from $131 million in the prior year quarter to $139 million, primarily due to growth in base fees. Notable items of $19 million in the current period reflect a non-recurring tax benefit. Wealth Management
(in millions, unless otherwise noted)
Q2 2026
Q2 2025
Total AUA (in billions)
$
140.6
$
110.3
Advisory net new assets (in billions)
2.0
2.0
Operating earnings (loss)
63
50
AUA increased by 27% over the last twelve months due to market performance, net inflows and acquired assets from the Stifel transaction. Advisory net inflows were $2.0 billion in the quarter, supported by a 13% year-over-year increase in advisor productivity. Operating earnings adjusted for notable items increased from $50 million in the prior year quarter to $60 million, primarily due to growth in client assets and advisory fees. Notable items of $3 million in the current period reflect a non-recurring tax benefit. Corporate and Other (“C&O”)
The operating loss of $135 million in the second quarter decreased from an operating loss of $183 million in the prior year quarter. After adjusting for notable items8, the operating loss was $106 million versus a loss of $103 million in the prior year quarter.
Exhibit 1: Notable Items
Notable items represent the impact on results from our annual actuarial assumption review, approximate impacts attributable to significant variances from the Company’s expectations, and other items that the Company believes may not be indicative of future performance. The Company chooses to highlight the impact of these items and give Non-GAAP measures less notable items to provide a better understanding of our results of operations in a given period. Certain figures may not sum due to rounding.
Impact of notable items by segment and Corporate & Other:
Three Months Ended June 30,
(in millions)
2026
2025
Non-GAAP Operating Earnings
$
488
$
352
Post-tax adjustments related to notable items:
Retirement
6
14
Asset Management
(19
)
—
Wealth Management
(3
)
—
Corporate & Other
29
80
Non-GAAP Operating Earnings, less Notable Items
$
501
$
447
Impact of notable items by item category:
Three Months Ended June 30,
(in millions)
2026
2025
Non-GAAP Operating Earnings
$
488
$
352
Post-tax adjustments related to notable Items:
Net investment income
49
12
Late reported claims & associated expenses
—
61
Expenses
—
21
Tax credit
(35
)
—
Non-GAAP Operating Earnings, less Notable Items
$
501
$
447
Earnings Conference Call
Equitable Holdings will host a conference call at 8 a.m. ET on August 5, 2026 to discuss its second quarter 2026 results. The conference call webcast, along with additional earnings materials, will be accessible on the company’s investor relations website at ir.equitableholdings.com. Please log on to the webcast at least 15 minutes prior to the call to download and install any necessary software.
To register for the conference call, please use the following link:
EQH Second Quarter 2026 Earnings Call
After registering, you will receive an email confirmation including dial in details and a unique conference call code for entry. Registration is open through the live call. To ensure you are connected for the full call we suggest registering a day in advance or at minimum 10 minutes before the start of the call.
A webcast replay will be made available on the Equitable Holdings Investor Relations website at ir.equitableholdings.com.
About Equitable Holdings
Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $1.2 trillion in assets under management and administration (as of 6/30/2026) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has approximately 4,600 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “forecasts,” “intends,” “targets,” “plans,” “estimates,” “anticipates,” “goals,” “guidance,” “formidable,” “preliminary,” “objective,” “continue,” “drive,” “improve,” “superior,” “robust,” “positioned,” “resilient,” “vision,” “potential,” “immediate,” and similar expressions or the negative of those expressions or verbs. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Equitable Holdings, Inc. (“Equitable”) and its consolidated subsidiaries. “We”, “us”, the “Company” and “our” refer to Equitable and its consolidated subsidiaries, unless the context refers only to Equitable as a corporate entity.
These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements, including, among others: (i) the ability to repurchase shares (if Holdings decides to do so) within the expected timing or at all; (ii) the ability to complete the proposed transaction between Holdings and Corebridge (the “Proposed Transaction”) on the timeframe or in the terms currently anticipated or at all, including due to a failure to obtain requisite stockholder, stock exchange, regulatory, governmental or other approvals; (iii) risks related to difficulties, inabilities or delays in integrating the parties’ businesses; (iv) the ability to realize the anticipated benefits of the Proposed Transaction, including estimated run-rate expense synergies and projected cost savings at the times, and to the extent anticipated, as well as expected, operating earnings and cash flow generation; (v) the occurrence of any event, change or other circumstance that could give rise to the right of either or both parties to terminate the merger agreement; (vi) the potential impact of the announcement or consummation of the Proposed Transaction on Holdings or Corebridge’s stock price and on their respective business, contractual and operational relationships (including with regulatory bodies, employees, suppliers, clients and competitors); (vii) risks related to business disruptions from the Proposed Transaction that may harm the business or current plans and operations of either or both parties, including diversion of management time from ongoing business operations; (viii) the risk that the Proposed Transaction and the announcement thereof could have an adverse effect on the ability of either or both parties to hire and retain key personnel; (ix) the parties’ ability to raise debt on favorable terms or at all; (x) the outcome of any legal proceedings that may be instituted against Holdings, Corebridge, their new parent company or their respective directors; (xi) restrictions on the conduct of Holdings and Corebridge’s respective businesses prior to the closing of the Proposed Transaction and on each of their ability to pursue alternatives to the Proposed Transaction; (xii) the possibility that the Proposed Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; (xiii) the potential impact of a downgrade in Holdings or Corebridge’s insurer financial strength ratings or credit ratings or of the new parent company of Holdings and Corebridge following completion of the Proposed Transaction; (xiv) conditions in the financial markets and economy, including the impact of geopolitical conflicts, changes in tariffs and trade barriers, the impact on Holdings of a shutdown of the U.S. government, and related economic conditions, equity market declines and volatility, interest rate fluctuations, impacts on our goodwill and changes in liquidity and access to and cost of capital; (xv) operational factors, including reliance on the payment of dividends to Holdings by its subsidiaries, protection of confidential customer information or proprietary business information, operational failures by us or our service providers, potential strategic transactions, changes in accounting standards, and catastrophic events, such as the outbreak of pandemic diseases; (xvi) credit, counterparties and investments, including counterparty default on derivative contracts, failure of financial institutions, defaults by third parties and affiliates and economic downturns, defaults and other events adversely affecting our investments; (xvii) our reinsurance and hedging programs; (xviii) our products, structure and product distribution, including variable annuity guaranteed benefits features within certain of our products, variations in statutory capital requirements, financial strength and claims-paying ratings, state insurance laws limiting the ability of our insurance subsidiaries to pay dividends and key product distribution relationships; (xix) estimates, assumptions and valuations, including risk management policies and procedures, potential inadequacy of reserves and experience differing from pricing expectations, amortization of deferred acquisition costs and financial models; (xx) our Asset Management segment, including fluctuations in assets under management and the industry-wide shift from actively-managed investment services to passive services; (xxi) recruitment and retention of key employees and experienced and productive financial professionals; (xxii) subjectivity of the determination of the amount of allowances and impairments taken on our investments; (xxiii) legal and regulatory risks, including federal and state legislation affecting financial institutions, insurance regulation and tax reform; (xxiv) risks related to our common stock; and (xxv) general risks, including strong industry competition, information systems failing or being compromised and protecting our intellectual property.
Forward-looking statements, including any financial guidance, should be read in conjunction with the other cautionary statements, risks, uncertainties and other factors identified in Holdings’ filings with the Securities and Exchange Commission. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.
Forward-looking Non-GAAP Metrics
The Company has presented forward-looking statements regarding Non-GAAP operating earnings, and Non-GAAP operating earnings per share. These non-GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts that are excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. We are unable to present a quantitative reconciliation of forward-looking adjusted operating earnings per share and payout ratio targeted to non-GAAP operating earnings to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measures without unreasonable effort or expense. In addition, we believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s future financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others changes in connection with quarter-end and year-end adjustments. Any variations between the Company’s actual results and preliminary financial data set forth above may be material.
Use of Non-GAAP Financial Measures
In addition to our results presented in accordance with U.S. GAAP, we report Non-GAAP Operating Earnings, and Non-GAAP operating common EPS, each of which is a measure that is not determined in accordance with U.S. GAAP. Management principally uses these Non-GAAP financial measures in evaluating performance because they present a clearer picture of our operating performance and they allow management to allocate resources. Similarly, management believes that the use of these Non-GAAP financial measures, together with relevant U.S. GAAP measures, provide investors with a better understanding of our results of operations and the underlying profitability drivers and trends of our business. These Non-GAAP financial measures are intended to remove from our results of operations the impact of market changes (where there is a mismatch in the valuation of assets and liabilities) as well as certain other expenses which are not part of our underlying profitability drivers or likely to re-occur in the foreseeable future, as such items fluctuate from period-to-period in a manner inconsistent with these drivers. These measures should be considered supplementary to our results that are presented in accordance with U.S. GAAP and should not be viewed as a substitute for the U.S. GAAP measures. Other companies may use similarly titled Non-GAAP financial measures that are calculated differently from the way we calculate such measures. Consequently, our Non-GAAP financial measures may not be comparable to similar measures used by other companies.
We also discuss certain operating measures, including AUM, AUA, AV, Policy Reserves and certain other operating measures, which management believes provide useful information about our businesses and the operational factors underlying our financial performance.
Non-GAAP Operating Earnings
Non-GAAP Operating Earnings is an after-tax Non-GAAP financial measure used to evaluate our financial performance on a consolidated basis that is determined by making certain adjustments to our consolidated after-tax net income attributable to Holdings. The most significant of such adjustments relates to our derivative positions, which protect economic value and statutory capital, and the variable annuity product MRBs. This is a large source of volatility in net income.
Non-GAAP Operating Earnings equals our consolidated after-tax net income attributable to Holdings adjusted to eliminate the impact of the following items:
Items related to variable annuity product features, which include: (i) changes in the fair value of MRB and purchased MRB, including the related attributed fees and claims, offset by derivatives and other securities used to hedge the MRB which result in residual net income volatility as the change in fair value of certain securities is reflected in OCI and due to our statutory capital hedge program; and (ii) market adjustments to deposit asset or liability accounts arising from reinsurance agreements which do not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk; Investment (gains) losses, which includes credit loss impairments of securities/investments, sales or disposals of securities/investments, realized capital gains/losses and valuation allowances; Net actuarial (gains) losses, which includes actuarial gains and losses as a result of differences between actual and expected experience on pension plan assets or projected benefit obligation during a given period related to pension, other postretirement benefit obligations, and the one-time impact of the settlement of the defined benefit obligation; Other adjustments, which primarily include restructuring costs related to severance and separation, lease write-offs related to non-recurring restructuring activities, net derivative gains (losses) on certain Non-GMxB derivatives, net investment income from certain items including consolidated VIE investments, seed capital mark-to-market adjustments, unrealized gain/losses and realized capital gains/losses from sales or disposals of select securities, certain legal accruals; a bespoke deal to repurchase UL policies from one entity that had invested in numerous policies purchased in the life settlement market, which disposed of the risk of additional COI litigation by that entity related to those UL policies, impact of the annual actuarial assumption updates attributable to LFPB when the majority of the impact relates to the non-core business; and Income tax expense (benefit) related to the above items and non-recurring tax items, which includes the effect of uncertain tax positions for a given audit period and changes to the deferred tax valuation allowance. In the third quarter of 2025, the Company updated its net investment income (“NII”) segment reporting to better align with our GAAP segments, as well as the reporting of our spread lending programs' income and expenses. Previously, direct and allocated segment NII were recorded based on assets tied to statutory asset tagging and net statutory liabilities for allocation. To better align with our GAAP segments, the Company changed the recording methodology for direct NII. It is now based on the book yields of assets tied to specific segments, considering General Account values plus reserves, net of embedded derivatives. Indirect NII, which was previously allocated based on net statutory liabilities, is now allocated based on General Account values and reserves, net of embedded derivatives. Additionally, revenues and expenses from our spread lending programs are now primarily recorded within the Retirement segment. Previously, spread lending revenues and expenses were recorded in Corporate and Other, with the excess of revenues over expenses allocated to the insurance segments based on net statutory liabilities. Prior periods have been revised to reflect these changes.
Because Non-GAAP Operating Earnings excludes the foregoing items that can be distortive or unpredictable, management believes that this measure enhances the understanding of the Company’s underlying drivers of profitability and trends in our business, thereby allowing management to make decisions that will positively impact our business.
We use the prevailing corporate federal income tax rate of 21% while taking into account any non-recurring differences for events recognized differently in our financial statements and federal income tax returns as well as partnership income taxed at lower rates when reconciling Net income (loss) attributable to Holdings to Non-GAAP Operating Earnings.
The table below presents a reconciliation of Net income (loss) attributable to Holdings to Non-GAAP Operating Earnings for the six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)
2026
2025
2026
2025
Net income (loss) attributable to Holdings
$
(453
)
$
(349
)
$
168
$
(286
)
Adjustments related to:
Variable annuity product features (1)
1,522
934
1,136
1,145
Investment (gains) losses
65
71
94
85
Net actuarial (gains) losses related to pension and other postretirement benefit obligations
14
11
28
22
Other adjustments (2)
(430
)
(137
)
(282
)
68
Income tax expense (benefit) related to above adjustments
(246
)
(185
)
(205
)
(277
)
Non-recurring tax items
16
7
21
16
Non-GAAP Operating Earnings
$
488
$
352
$
960
$
773
Non-GAAP Operating EPS
Non-GAAP Operating Earnings per common share is calculated by dividing Non-GAAP Operating Earnings less preferred stock dividends by diluted common shares outstanding. The table below presents a reconciliation of GAAP EPS to Non-GAAP Operating EPS for the six months ended June 30, 2026 and 2025.
Three Months Ended
June 30,
Six Months Ended
June 30,
(per share amounts)
2026
2025
2026
2025
Net income (loss) attributable to Holdings
$
(1.63
)
$
(1.15
)
$
0.60
$
(0.94
)
Less: Preferred stock dividend
0.05
0.06
0.10
0.10
Net Income (loss) available to common shareholders
(1.68
)
(1.21
)
0.50
(1.04
)
Adjustments related to:
Variable annuity product features (1)
5.47
3.08
4.03
3.75
Investment (gains) losses
0.23
0.23
0.33
0.28
Net actuarial (gains) losses related to pension and other postretirement benefit obligations
0.05
0.04
0.10
0.07
Other adjustments (2)
(1.55
)
(0.45
)
(0.99
)
0.23
Income tax expense (benefit) related to above adjustments
(0.88
)
(0.61
)
(0.73
)
(0.91
)
Non-recurring tax items
0.06
0.02
0.07
0.05
Non-GAAP Operating Earnings
$
1.70
$
1.10
$
3.31
$
2.43
Book Value per common share, excluding AOCI
We use the term “book value” to refer to total equity attributable to Holdings’ common shareholders. Book Value per common share, excluding AOCI, is our total equity attributable to Holdings, excluding AOCI and preferred stock, divided by ending common shares outstanding.
June 30,
2026
December 31,
2025
Book value per common share
$
(6.79
)
$
(4.03
)
Per share impact of AOCI
23.68
22.17
Book Value per common share, excluding AOCI
$
16.89
$
18.14
Other Operating Measures
We also use certain operating measures which management believes provide useful information about our businesses and the operational factors underlying our financial performance.
Account Value (“AV”)
Account value generally equals the aggregate policy account value of our retirement products.
Assets Under Management (“AUM”)
AUM means investment assets that are managed by one of our subsidiaries and includes: (i) assets managed by AB, (ii) the assets in our general account investment portfolio and (iii) the separate account assets of our Retirement and Life businesses. Total AUM reflects exclusions between segments to avoid double counting.
Assets Under Management (“AUA”)
AUA means advisory and brokerage investment assets included in the Company’s Wealth Management segment.
Segment net flows
Net change in segment customer account balances in a period including, but not limited to, gross premiums, surrenders, withdrawals and benefits. It excludes investment performance, interest credited to customer accounts and policy charges.
Consolidated Statements of Income (Loss) (Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
(in millions)
REVENUES
Policy charges and fee income
$
426
$
626
$
855
$
1,262
Premiums
268
260
508
564
Net derivative gains (losses)
(2,055
)
(1,374
)
(1,475
)
(575
)
Net investment income (loss)
1,397
1,355
2,681
2,603
Investment gains (losses), net:
Credit and intent to sell losses on available-for-sale debt securities and loans
(44
)
(54
)
(37
)
(54
)
Other investment gains (losses), net
(21
)
(17
)
(57
)
(31
)
Total investment gains (losses), net
(65
)
(71
)
(94
)
(85
)
Investment management and service fees
1,328
1,272
2,655
2,557
Other income
359
294
758
612
Total revenues
1,658
2,362
5,888
6,938
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits
435
787
820
1,546
Remeasurement of liability for future policy benefits
(15
)
(13
)
(6
)
(15
)
Change in market risk benefits and purchased market risk benefits
(1,001
)
(606
)
(676
)
66
Interest credited to policyholders’ account balances
834
796
1,604
1,474
Compensation and benefits
642
592
1,267
1,193
Commissions and distribution-related payments
562
488
1,118
989
Interest expense
56
61
118
116
Amortization of deferred policy acquisition costs
214
193
423
381
Other operating costs and expenses
424
427
826
1,377
Total benefits and other deductions
2,151
2,725
5,494
7,127
Income (loss) from continuing operations, before income taxes
(493
)
(363
)
394
(189
)
Income tax (expense) benefit
140
80
(16
)
56
Net income (loss)
(353
)
(283
)
378
(133
)
Less: Net income (loss) attributable to the noncontrolling interest
100
66
210
153
Net income (loss) attributable to Holdings
(453
)
(349
)
168
(286
)
Less: Preferred stock dividends
13
18
27
32
Net income (loss) available to Holdings’ common shareholders
$
(466
)
$
(367
)
$
141
$
(318
)
Earnings Per Common Share
Three Months Ended
June 30,
2026
2025
(in millions)
Earnings per common share
Basic
$
(1.68
)
$
(1.21
)
Diluted
$
(1.68
)
$
(1.21
)
Weighted average shares
Weighted average common stock outstanding for basic earnings per common share
278.3
303.2
Weighted average common stock outstanding for diluted earnings per common share
278.3
303.2
Results of Operations by Segment
Three Months Ended
June 30,
2026
2025
(in millions)
Operating earnings (loss) by segment:
Retirement
$
402
$
354
Asset Management
158
131
Wealth Management
63
50
Corporate and Other
(135
)
(183
)
Non-GAAP Operating Earnings
$
488
$
352
Select Balance Sheet Statistics
June 30,
2026
December 31,
2025
(in millions)
ASSETS
Total investments and cash and cash equivalents
$
143,034
$
133,466
Separate Accounts assets
143,006
136,544
Total assets
$
334,657
$
317,990
LIABILITIES
Long-term debt
$
3,839
$
3,835
Future policy benefits and other policyholders' liabilities
17,372
17,660
Policyholders’ account balances
146,445
133,433
Total liabilities
$
333,434
$
316,202
EQUITY
Preferred stock
$
1,068
$
1,068
Accumulated other comprehensive income (loss)
(6,465
)
(6,280
)
Total equity attributable to Holdings
(785
)
(74
)
Total equity attributable to Holdings' common shareholders (ex. AOCI)
4,612
5,138
Assets Under Management (Unaudited)
June 30,
2026
December 31,
2025
(in billions)
Assets Under Management
AB AUM
$
905.5
$
866.9
Exclusion for General Account and other Affiliated Accounts
(94.2
)
(87.3
)
Exclusion for Separate Accounts
(63.3
)
(51.0
)
AB third party
$
748.0
$
728.6
Total Company AUM
AB third party
$
748.0
$
728.6
General Account and other Affiliated Accounts (1) (3) (4) (5) (6)
143.0
133.5
Separate Accounts (2) (3) (4) (5) (6)
143.0
136.5
Total AUM
$
1,034.0
$
998.6
_______________ (1)
“General Account and other Affiliated Accounts” refers to assets held in the general accounts of our insurance companies and other assets on which we bear the investment risk.
(2)
“Separate Accounts” refers to the separate account investment assets of our insurance subsidiaries excluding any assets on which we bear the investment risk.
(3)
As of June 30, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $8.2 billion and $8.2 billion & General Account AUM is inclusive of $28 million and $28 million, respectively, ceded to Venerable.
(4)
As of June 30, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $7.6 billion and $7.2 billion & General Account AUM is inclusive of $2.9 billion and $3.0 billion, respectively, ceded to Global Atlantic.
(5)
Includes Advisory, Brokerage and Direct assets included in our Wealth Management segment.
(6)
As of June 30, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $16.3 billion and $15.1 billion & General Account AUM is inclusive of $9.3 billion and $9.3 billion, respectively, ceded to RGA.
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has entered into a definitive agreement to acquire Equitable’s1 Employee Benefits business, which focuses on providing small and midsize employers with flexible, non-medical benefits. The acquisition, which accelerates The Hartford’s Employee Benefits growth strategy, represents approximately $500 million in premium, and is expected to close in the fourth quarter, subject to regulatory approvals and other customary closing conditions.
“This acquisition reinforces The Hartford’s leadership in employee benefits and small business,” said The Hartford’s Chairman and CEO Christopher Swift. “Small and midsize employers represent a strategic growth opportunity for our Employee Benefits business, and this transaction strengthens our ability to meet the evolving needs of this important business segment.”
Equitable’s Employee Benefits portfolio includes group life, disability, paid family and medical leave and supplemental health products, as well as dental and vision.
The Hartford will also obtain Equitable’s Employee Benefits technology, which will enhance employee, employer and broker experiences with unified digital capabilities and real-time API integrations. Equitable’s Employee Benefits business and The Hartford will work together to support their mutual customers, and the approximately 300 employees who support the acquired business will join The Hartford upon closing.
“The modern, integrated technology makes it easier for our small and midsize business customers to access and manage their benefits,” said Mike Fish, head of Employee Benefits at The Hartford. “We look forward to welcoming the Equitable employees who will be joining us to help serve our employer customers and broker partners.”
Financial terms of the transaction were not disclosed. This transaction does not change the company's previously announced capital management plans.
Rothschild & Co served as financial advisor to The Hartford, and Sidley Austin LLP served as legal advisor to The Hartford. J.P. Morgan served as financial advisor to Equitable, and Debevoise & Plimpton LLP served as legal advisor to Equitable.
About The Hartford
The Hartford is a leader in property and casualty insurance and employee benefits. By anticipating challenges and reducing risks our customers face, the company helps people and businesses thrive with confidence. Built on a foundation of trust, The Hartford is committed to strong performance, exceptional customer experiences and bold innovation, hallmarks of its sustained success since 1810.
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. More information on the company and its financial performance is available on its website. For additional details, please read The Hartford’s legal notice.
HIG-C
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
Equitable Holdings, Inc. (EQH - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 4. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of +50.9%.
Revenues are expected to be $3.8 billion, down 0% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.24% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Equitable Holdings?For Equitable Holdings, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.22%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Equitable Holdings will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Equitable Holdings would post earnings of $1.6 per share when it actually produced earnings of $1.62, delivering a surprise of +1.25%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Equitable Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Advent International L.P. decreased its holdings in shares of Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 97.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,810 shares of the company’s stock after selling 521,700 shares during the period. Equitable accounts for about 0.0% of Advent International L.P.’s portfolio, making the stock its 28th biggest position. Advent International L.P.’s holdings in Equitable were worth $475,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in EQH. Johnson Financial Group Inc. acquired a new position in Equitable in the third quarter valued at approximately $26,000. Covestor Ltd grew its position in shares of Equitable by 124.7% during the 4th quarter. Covestor Ltd now owns 728 shares of the company’s stock worth $35,000 after buying an additional 404 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Equitable in the 3rd quarter valued at $38,000. Geneos Wealth Management Inc. increased its stake in shares of Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Equitable by 64.1% during the 1st quarter. Root Financial Partners LLC now owns 888 shares of the company’s stock valued at $33,000 after acquiring an additional 347 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.
Equitable Stock Up 1.2% Shares of NYSE EQH opened at $48.57 on Tuesday. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50-day moving average price of $44.61 and a 200-day moving average price of $42.92. The stock has a market capitalization of $13.26 billion, a P/E ratio of -17.10, a P/E/G ratio of 0.47 and a beta of 1.10. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $55.24.
Equitable (NYSE:EQH – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the business posted $1.35 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Equitable Holdings, Inc. will post 7.11 EPS for the current fiscal year.
Equitable Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 3rd. Equitable’s payout ratio is currently -42.25%.
Analyst Upgrades and Downgrades A number of research firms have commented on EQH. Jefferies Financial Group raised their price target on shares of Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays decreased their target price on Equitable from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Evercore set a $63.00 price objective on Equitable and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings upgraded Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.08.
Get Our Latest Stock Analysis on EQH
Insider Transactions at Equitable In other news, Director Bertram L. Scott sold 2,470 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $41.08, for a total value of $101,467.60. Following the completion of the sale, the director directly owned 27,931 shares of the company’s stock, valued at $1,147,405.48. This represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.28, for a total value of $1,797,616.00. Following the completion of the transaction, the chief executive officer owned 765,903 shares in the company, valued at $34,680,087.84. This represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 88,803 shares of company stock valued at $3,913,078. Corporate insiders own 1.10% of the company’s stock.
About Equitable (Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
Featured Stories Five stocks we like better than Equitable AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQH – Free Report).
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NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (NYSE: EQH), the leading financial services holding company of Equitable, AllianceBernstein and Equitable Advisors, announced today that it will release financial results for the second quarter of 2026 after the market closes on Tuesday, August 4, 2026. The company will host a conference call webcast on Wednesday, August 5, 2026 at 8:00 a.m. ET to discuss the results.
The conference call webcast, along with additional earnings materials, will be accessible on the company’s investor relations website at ir.equitableholdings.com.
To register for the conference call, please use this link:
EQH Second Quarter 2026 Earnings Call
After registering, you will receive an email confirmation including dial in details and a unique conference call code for entry. Registration is open through the live call. To ensure you are connected for the full call we suggest registering a day in advance or at minimum 10 minutes before the start of the call.
About Equitable Holdings
Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $1.1 trillion in assets under management and administration (as of 3/31/2026) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has approximately 4,600 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.
NEW YORK--(BUSINESS WIRE)--Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today announced the introduction of the Equitable Retirement AccessSM ERISA 403(b) pooled employer plan (PEP), a new offering designed to help nonprofit organizations offer a scalable, cost‑efficient way to provide their employees with retirement plan benefits. “Nonprofit leaders pour everything into the people and communities they support, but most do.
Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) CEO Mark Pearson sold 38,313 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $40.05, for a total transaction of $1,534,435.65. Following the completion of the sale, the chief executive officer directly owned 801,683 shares in the company, valued at $32,107,404.15. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Pearson also recently made the following trade(s):
On Tuesday, January 20th, Mark Pearson sold 39,700 shares of Equitable stock. The stock was sold at an average price of $46.20, for a total transaction of $1,834,140.00. Equitable Stock Performance Shares of Equitable stock opened at $37.50 on Monday. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -7.78, a PEG ratio of 0.35 and a beta of 1.11. The firm’s 50-day moving average is $40.42 and its 200 day moving average is $45.02. Equitable Holdings, Inc. has a 1 year low of $35.19 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 16.42, a current ratio of 0.13 and a quick ratio of 0.13.
Equitable Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.08 annualized dividend and a yield of 2.9%. Equitable’s dividend payout ratio is currently -22.41%.
Equitable declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 11th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
Equitable News Roundup Here are the key news stories impacting Equitable this week:
Positive Sentiment: Board-approved $1.0 billion share buyback (up to ~7.7% of shares) provides balance‑sheet support and buyback-driven EPS/capital return optionality. MarketBeat EQH Company Page Positive Sentiment: Quarterly dividend of $0.27 (annualized $1.08, ~2.8% yield) remains in place, offering income support for shareholders. MarketBeat Dividend Report Positive Sentiment: Despite recent trims, the analyst consensus remains largely positive (many Buy/Outperform ratings and a consensus target near the mid‑$50s), implying continued upside from current levels. MarketBeat Analyst Coverage Neutral Sentiment: UBS cut its price target from $66 to $58 but kept a “buy” rating — the target still implies sizable upside vs. the current price. UBS PT Lowered to $58 (AmericanBankingNews) Neutral Sentiment: Wells Fargo trimmed its target to $56 and Keefe, Bruyette & Woods lowered theirs to $51, yet both maintain overweight/outperform stances — these trims reduce upside expectations slightly but are not full downgrades. Benzinga: Wells Fargo & KBW Coverage TickerReport: KBW PT Lowered Negative Sentiment: Insider selling: CEO/COO-level insiders (Nick Lane and Jeffrey Hurd) sold shares under pre-arranged 10b5‑1 plans (combined disclosed sales on/around April 8), which can sap near‑term sentiment despite being pre-planned. InsiderTrades: EQH Insider Sales Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Equitable from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Mizuho set a $65.00 target price on shares of Equitable in a report on Wednesday, January 14th. Weiss Ratings lowered shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. The Goldman Sachs Group set a $60.00 target price on shares of Equitable in a report on Monday, January 5th. Finally, UBS Group reduced their target price on shares of Equitable from $66.00 to $58.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.73.
View Our Latest Stock Report on Equitable
Institutional Investors Weigh In On Equitable A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings in Equitable by 15.3% during the 4th quarter. Pacer Advisors Inc. now owns 46,021 shares of the company’s stock valued at $2,193,000 after buying an additional 6,123 shares in the last quarter. Smith Asset Management Co. LLC grew its holdings in Equitable by 14.0% during the 4th quarter. Smith Asset Management Co. LLC now owns 82,004 shares of the company’s stock valued at $3,907,000 after buying an additional 10,055 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Equitable by 4.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 111,134 shares of the company’s stock valued at $5,296,000 after acquiring an additional 5,166 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Equitable by 16.0% during the 4th quarter. Vident Advisory LLC now owns 120,655 shares of the company’s stock valued at $5,749,000 after acquiring an additional 16,655 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Equitable by 2.9% during the 4th quarter. XTX Topco Ltd now owns 22,247 shares of the company’s stock valued at $1,060,000 after acquiring an additional 631 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.
About Equitable (Get Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
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Massachusetts Financial Services Co. MA raised its position in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,822,908 shares of the company’s stock after buying an additional 193,640 shares during the period. Massachusetts Financial Services Co. MA owned about 1.68% of Equitable worth $229,812,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Capital International Investors grew its stake in shares of Equitable by 49.5% during the third quarter. Capital International Investors now owns 11,012,837 shares of the company’s stock worth $559,232,000 after purchasing an additional 3,645,301 shares during the period. Thornburg Investment Management Inc. grew its stake in shares of Equitable by 0.3% during the third quarter. Thornburg Investment Management Inc. now owns 4,867,643 shares of the company’s stock worth $247,179,000 after purchasing an additional 12,370 shares during the period. Pzena Investment Management LLC grew its stake in shares of Equitable by 1.3% during the third quarter. Pzena Investment Management LLC now owns 4,297,008 shares of the company’s stock worth $218,202,000 after purchasing an additional 55,798 shares during the period. Boston Partners grew its stake in shares of Equitable by 2.0% during the third quarter. Boston Partners now owns 3,637,414 shares of the company’s stock worth $184,704,000 after purchasing an additional 72,267 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Equitable during the third quarter worth $101,547,000. 92.70% of the stock is currently owned by institutional investors.
Key Stories Impacting Equitable Here are the key news stories impacting Equitable this week:
Positive Sentiment: Board-approved $1.0 billion share buyback (up to ~7.7% of shares) provides balance‑sheet support and buyback-driven EPS/capital return optionality. MarketBeat EQH Company Page Positive Sentiment: Quarterly dividend of $0.27 (annualized $1.08, ~2.8% yield) remains in place, offering income support for shareholders. MarketBeat Dividend Report Positive Sentiment: Despite recent trims, the analyst consensus remains largely positive (many Buy/Outperform ratings and a consensus target near the mid‑$50s), implying continued upside from current levels. MarketBeat Analyst Coverage Neutral Sentiment: UBS cut its price target from $66 to $58 but kept a “buy” rating — the target still implies sizable upside vs. the current price. UBS PT Lowered to $58 (AmericanBankingNews) Neutral Sentiment: Wells Fargo trimmed its target to $56 and Keefe, Bruyette & Woods lowered theirs to $51, yet both maintain overweight/outperform stances — these trims reduce upside expectations slightly but are not full downgrades. Benzinga: Wells Fargo & KBW Coverage TickerReport: KBW PT Lowered Negative Sentiment: Insider selling: CEO/COO-level insiders (Nick Lane and Jeffrey Hurd) sold shares under pre-arranged 10b5‑1 plans (combined disclosed sales on/around April 8), which can sap near‑term sentiment despite being pre-planned. InsiderTrades: EQH Insider Sales Insider Buying and Selling In related news, insider Nick Lane sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $40.04, for a total transaction of $400,400.00. Following the sale, the insider owned 124,218 shares of the company’s stock, valued at approximately $4,973,688.72. This trade represents a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Pearson sold 38,313 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $40.05, for a total value of $1,534,435.65. Following the sale, the chief executive officer directly owned 801,683 shares in the company, valued at $32,107,404.15. The trade was a 4.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 139,161 shares of company stock valued at $6,096,913. 1.10% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth EQH has been the subject of a number of analyst reports. Wall Street Zen raised Equitable from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley decreased their price objective on Equitable from $59.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. UBS Group decreased their price objective on Equitable from $66.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Research cut Equitable from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings cut Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Equitable has an average rating of “Moderate Buy” and an average price target of $57.73.
Read Our Latest Stock Analysis on Equitable
Equitable Stock Performance Shares of Equitable stock opened at $37.50 on Monday. The company has a market capitalization of $10.51 billion, a PE ratio of -7.78, a PEG ratio of 0.35 and a beta of 1.11. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $56.61. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 16.42. The stock’s fifty day simple moving average is $40.42 and its 200 day simple moving average is $45.02.
Equitable announced that its board has initiated a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Equitable Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, March 4th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, March 4th. Equitable’s dividend payout ratio (DPR) is presently -22.41%.
Equitable Profile (Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
Read More Five stocks we like better than Equitable
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Pre-Market Stock Futures: The futures are trading modestly higher after a wild Wednesday that saw the Nasdaq explode higher to close at an all-time high of 24,016, up a hefty 1.60%, while the S&P 500 closed up 0.80% at 7,022, also hitting a brand-new all-time closing high. The small-cap Russell 2000, the leading index this year, finished the day at 2,713, up 0.30%, while the Dow Jones Industrial Average was the only loser, closing at 48,463, down 0.15%. Analysts cited more solid news on the war and positive earnings results from the mega-cap money-center banks and brokerage firms.
Treasury Bonds: The sellers showed up on Wednesday as yields rose across the Treasury curve, and this was no surprise after the big rally in U.S. sovereign debt on Tuesday. With the prospect of interest rate cuts falling, Treasury Secretary Scott Bessent said that while he remains constructive on rate cuts in 2026, they may need to be moved out to later in the year. The 30-year-long bond closed Wednesday at 4.89%, while the benchmark 10-year note was last seen at 4.28%.
Oil and Gas: After some heavy selling across the energy complex on Tuesday, the major benchmarks finished modestly higher on Wednesday. Brent Crude closed at $94.94, up 0.16%, while West Texas Intermediate closed virtually unchanged at $91.29. Natural gas closed the session at $2.61, up 0.41%
Gold: After a big day on Tuesday for the precious metals, like oil and energy stocks, the sellers emerged on Wednesday, and prices for the top metals both closed lower. Gold was last seen at $4,790, down 1.03%, while the final trade for Silver was reported at $78.86, down 0.69%. The strength in the U.S. dollar was cited as a major reason for the decline, and profit-taking after the strong move over the last week was also a likely culprit.
Crypto: The cryptocurrency markets saw a slight correction yesterday following some big early-week gains, with Bitcoin holding above $74,000. Despite volatility driven by geopolitical tensions, Bitcoin, Ethereum, and some other altcoins remained relatively stable. Needless to say, crypto traders and strategists are monitoring the Middle East, where tensions are influencing price movements, though Bitcoin and Ethereum remain up significantly since the conflict began. At 8 AM EDT, Bitcoin is trading at $74,440, while Ethereum is quoted at $2,333.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, April 16, 2026.
Upgrades: Blackstone Mortgage Trust Inc. (NYSE: BXMT) | BXMT Price Prediction was upgraded to Overweight from Neutral at JPMorgan, with a $21 target price for the shares. Bread Financial Holdings Inc. (NYSE: BFH) was upgraded to Equal Weight from Underweight at Morgan Stanley, with a $91 target price. Equitable Holdings Inc. (NYSE: EQH) was upgraded to Strong Buy from Market Perform at Raymond James, which has a $58 target price for the stock. Grupo Aeroportuario del Centro Norte SAB De CV (NASDAQ: OMAB) was raised to Buy from Hold at HSBC, with a $134 target price for the company. Okta Inc. (NASDAQ: OKTA) was upgraded to Outperform from Market Perform at Raymond James, which has an $85 target price. Downgrades: Corning Inc. (NYSE: GLW) was downgraded to Neutral from Overweight at JPMorgan, which actually raised the target price for the fiber and display giant to $175 from $115. Federated Hermes Inc. (NYSE: FHI) was downgraded to Underweight from Neutral at JPMorgan, which nudged the price target to $56 from $55. GitLab Inc. (NASDAQ: GTLB) was cut to Neutral from Buy at UBS, which slashed the target price for the stock to $24 from $44. PayPal Holdings Inc. (NASDAQ: PYPL) was downgraded to Neutral from Outperform at Mizuho, which cut the target price for the stock to $50 from $60. Two Harbors Investment Corp. (NYSE: TWO) was downgraded to Underweight from Neutral at JPMorgan, which trimmed the target price for the stock to $11 from $12.50. Initiations: Autoliv Inc. (NYSE: ALV) was initiated with a Buy rating at Bank of America, with a $140 price target. CoreWeave (NASDAQ: CRWV) was started with an Outperform rating at Wolfe Research, which has a $150 target price objective. Dicks Sporting Goods Inc. (NYSE: DKS) was initiated with a Buy rating at BTIG, which has a $300 target price for the retail giant. Equifax Inc. (NYSE: EFX) was initiated with an Overweight rating at Mizuho, which has a $222 target price for the shares. Pfizer Inc. (NYSE: PFE) was initiated with an Outperform rating at CICC, which has a $33 target for the healthcare giant.
Benson Investment Management Company Inc. boosted its holdings in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,375 shares of the company’s stock after purchasing an additional 16,133 shares during the quarter. Benson Investment Management Company Inc.’s holdings in Equitable were worth $5,736,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in Equitable in the third quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in Equitable in the 3rd quarter valued at about $36,000. Hilltop National Bank acquired a new stake in shares of Equitable during the 3rd quarter valued at $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Equitable during the 3rd quarter valued at $38,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Equitable by 92.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 424 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.
Analysts Set New Price Targets EQH has been the subject of a number of analyst reports. Zacks Research lowered shares of Equitable from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Weiss Ratings cut shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Wells Fargo & Company reduced their target price on Equitable from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Wall Street Zen upgraded Equitable from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, UBS Group reduced their price target on shares of Equitable from $66.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.91.
View Our Latest Report on Equitable
Equitable Trading Down 0.7% Shares of Equitable stock opened at $41.68 on Friday. The firm has a market capitalization of $11.69 billion, a PE ratio of -8.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The company has a debt-to-equity ratio of 16.42, a current ratio of 0.13 and a quick ratio of 0.13. The company’s fifty day moving average price is $39.98 and its two-hundred day moving average price is $44.72. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $56.61.
Equitable Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.6%. Equitable’s dividend payout ratio is presently -22.41%.
Equitable declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 11th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Insider Transactions at Equitable In other news, CEO Mark Pearson sold 39,700 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $46.20, for a total value of $1,834,140.00. Following the completion of the transaction, the chief executive officer directly owned 652,945 shares of the company’s stock, valued at approximately $30,166,059. This represents a 5.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Hurd sold 14,358 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $40.58, for a total transaction of $582,647.64. Following the completion of the sale, the chief operating officer directly owned 84,403 shares in the company, valued at approximately $3,425,073.74. The trade was a 14.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 128,116 shares of company stock valued at $5,386,439. Corporate insiders own 1.10% of the company’s stock.
Key Stories Impacting Equitable Here are the key news stories impacting Equitable this week:
Positive Sentiment: Raymond James upgraded EQH from “market perform” to “strong-buy” with a $58 price target (implying ~39% upside from current levels), which is a clear bullish catalyst for investors. Raymond James Upgrade Positive Sentiment: Management and counterpart Corebridge have discussed potential share buybacks ahead of the pending Corebridge–Equitable transaction; buyback talk typically supports the share price by reducing float and signaling confidence in valuation. Buybacks & Merger Discussion Neutral Sentiment: Insider sales disclosed (all executed under pre-arranged Rule 10b5‑1 plans): COO Jeffrey Hurd sold 14,358 shares (~$40.58 avg), Nick Lane sold 10,000 shares (~$40.44 avg), and CEO Mark Pearson sold 1,387 shares (~$40.03 avg). Because these were planned 10b5‑1 trades the market impact is muted, but such filings can still raise short-term selling pressure. Filing links: Hurd SEC Filing Lane SEC Filing Pearson SEC Filing Negative Sentiment: Technical and fundamental headwinds: the 50‑day moving average (~$40.06) sits below the 200‑day (~$44.79) and key metrics show negative earnings (negative P/E) and high reported leverage; these factors can limit upside and contribute to continued selling pressure despite positive headlines. About Equitable (Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
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Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) COO Jeffrey Hurd sold 14,358 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $40.58, for a total transaction of $582,647.64. Following the completion of the sale, the chief operating officer directly owned 84,403 shares of the company’s stock, valued at $3,425,073.74. The trade was a 14.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equitable Trading Down 0.7% Shares of EQH stock opened at $41.68 on Friday. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $56.61. The company has a debt-to-equity ratio of 16.42, a quick ratio of 0.13 and a current ratio of 0.13. The company has a 50-day simple moving average of $39.98 and a two-hundred day simple moving average of $44.67. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of -8.65, a PEG ratio of 0.40 and a beta of 1.11.
Equitable announced that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Equitable Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Equitable’s dividend payout ratio is presently -22.41%.
Analyst Upgrades and Downgrades EQH has been the subject of a number of research reports. UBS Group reduced their target price on shares of Equitable from $66.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Equitable from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Barclays reduced their target price on shares of Equitable from $57.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group set a $60.00 target price on shares of Equitable in a research report on Monday, January 5th. Finally, Mizuho reduced their target price on shares of Equitable from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equitable currently has an average rating of “Moderate Buy” and an average price target of $56.91.
Get Our Latest Report on EQH
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its holdings in Equitable by 9.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,726 shares of the company’s stock worth $130,000 after buying an additional 227 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Equitable by 9.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,999 shares of the company’s stock worth $143,000 after buying an additional 249 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Equitable by 11.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,634 shares of the company’s stock worth $134,000 after buying an additional 275 shares during the period. Farther Finance Advisors LLC boosted its holdings in Equitable by 12.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,882 shares of the company’s stock worth $137,000 after buying an additional 317 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in Equitable by 1.3% in the 4th quarter. Clearstead Advisors LLC now owns 25,926 shares of the company’s stock worth $1,235,000 after buying an additional 329 shares during the period. 92.70% of the stock is owned by institutional investors.
Key Equitable News Here are the key news stories impacting Equitable this week:
Positive Sentiment: Raymond James upgraded EQH from “market perform” to “strong-buy” with a $58 price target (implying ~39% upside from current levels), which is a clear bullish catalyst for investors. Raymond James Upgrade Positive Sentiment: Management and counterpart Corebridge have discussed potential share buybacks ahead of the pending Corebridge–Equitable transaction; buyback talk typically supports the share price by reducing float and signaling confidence in valuation. Buybacks & Merger Discussion Neutral Sentiment: Insider sales disclosed (all executed under pre-arranged Rule 10b5‑1 plans): COO Jeffrey Hurd sold 14,358 shares (~$40.58 avg), Nick Lane sold 10,000 shares (~$40.44 avg), and CEO Mark Pearson sold 1,387 shares (~$40.03 avg). Because these were planned 10b5‑1 trades the market impact is muted, but such filings can still raise short-term selling pressure. Filing links: Hurd SEC Filing Lane SEC Filing Pearson SEC Filing Negative Sentiment: Technical and fundamental headwinds: the 50‑day moving average (~$40.06) sits below the 200‑day (~$44.79) and key metrics show negative earnings (negative P/E) and high reported leverage; these factors can limit upside and contribute to continued selling pressure despite positive headlines. Equitable Company Profile (Get Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
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Equitable Holdings, Inc. (NYSE:EQH – Get Free Report) insider Nick Lane sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $40.44, for a total transaction of $404,400.00. Following the sale, the insider directly owned 124,218 shares of the company’s stock, valued at $5,023,375.92. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nick Lane also recently made the following trade(s):
On Wednesday, April 8th, Nick Lane sold 10,000 shares of Equitable stock. The shares were sold at an average price of $40.04, for a total transaction of $400,400.00. Equitable Price Performance EQH stock opened at $41.68 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 16.42. Equitable Holdings, Inc. has a one year low of $35.19 and a one year high of $56.61. The firm has a market capitalization of $11.69 billion, a PE ratio of -8.65, a P/E/G ratio of 0.40 and a beta of 1.11. The firm has a 50-day moving average of $39.98 and a two-hundred day moving average of $44.67.
Equitable announced that its board has approved a share repurchase plan on Wednesday, February 11th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Equitable Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. Equitable’s dividend payout ratio is currently -22.41%.
Hedge Funds Weigh In On Equitable Hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in Equitable in the third quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in Equitable during the third quarter valued at approximately $36,000. Hilltop National Bank acquired a new position in Equitable during the third quarter valued at approximately $37,000. Covestor Ltd grew its holdings in Equitable by 124.7% during the fourth quarter. Covestor Ltd now owns 728 shares of the company’s stock valued at $35,000 after purchasing an additional 404 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Equitable during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 92.70% of the company’s stock.
Key Headlines Impacting Equitable Here are the key news stories impacting Equitable this week:
Positive Sentiment: Raymond James upgraded EQH from “market perform” to “strong-buy” with a $58 price target (implying ~39% upside from current levels), which is a clear bullish catalyst for investors. Raymond James Upgrade Positive Sentiment: Management and counterpart Corebridge have discussed potential share buybacks ahead of the pending Corebridge–Equitable transaction; buyback talk typically supports the share price by reducing float and signaling confidence in valuation. Buybacks & Merger Discussion Neutral Sentiment: Insider sales disclosed (all executed under pre-arranged Rule 10b5‑1 plans): COO Jeffrey Hurd sold 14,358 shares (~$40.58 avg), Nick Lane sold 10,000 shares (~$40.44 avg), and CEO Mark Pearson sold 1,387 shares (~$40.03 avg). Because these were planned 10b5‑1 trades the market impact is muted, but such filings can still raise short-term selling pressure. Filing links: Hurd SEC Filing Lane SEC Filing Pearson SEC Filing Negative Sentiment: Technical and fundamental headwinds: the 50‑day moving average (~$40.06) sits below the 200‑day (~$44.79) and key metrics show negative earnings (negative P/E) and high reported leverage; these factors can limit upside and contribute to continued selling pressure despite positive headlines. Analysts Set New Price Targets A number of analysts have commented on the stock. Wall Street Zen raised shares of Equitable from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of Equitable from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. The Goldman Sachs Group set a $60.00 price target on shares of Equitable in a research report on Monday, January 5th. Weiss Ratings lowered shares of Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley reduced their price target on shares of Equitable from $59.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.91.
Check Out Our Latest Stock Analysis on Equitable
Equitable Company Profile (Get Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
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Funding will support robotics education and community engagement for underserved students statewide
INDIANAPOLIS--(BUSINESS WIRE)--TechPoint Youth today announced it has received a $200,000 grant from the Global Technology Industry Association (GTIA) to support the expansion of equitable robotics and STEM programming across Indiana. The funding will help TechPoint Youth reach an additional 10,000 Indiana students, particularly girls, students of color, and youth in under-resourced rural and urban communities, while strengthening educator training and local STEM infrastructure.
Indiana is home to a growing technology economy. Through TechPoint Youth's robotics initiative, STEM Mentor and Xplore programs, the organization has proven that access to hands-on technology education changes student trajectories.
Share Founded to equip and empower the next generation of STEM leaders, TechPoint Youth works to expand equitable access to high-impact robotics and technology education statewide. The funding from GTIA will strengthen those efforts by enabling the organization to deepen its reach into communities that have historically had the least access to quality STEM programming, closing gaps in opportunity and building a more inclusive pipeline of future tech leaders in Indiana.
"This investment from GTIA is a powerful affirmation of what we already know to be true, that every young person deserves the chance to discover their potential and find passion for a future career in STEM," said Jamie Inskeep, President and CEO of TechPoint Youth. "With this funding, we can go further and reach deeper into the communities that need us most. We're grateful to GTIA and its members for recognizing that expanding access to STEM isn't just beneficial for the students themselves, it's also fundamental for developing Indiana's future workforce."
TechPoint Youth is one of 45 nonprofit organizations worldwide to have received a GTIA grant as part of the association's $1.91 million in total charitable giving in 2025. GTIA's charitable investment reinforces the association's commitment to advancing access, equity, education, workforce development, and technology-driven innovation. GTIA has recently announced it is expanding its charitable giving to $5 million in 2026.
Through a significantly expanded philanthropic portfolio, GTIA directed funding and resources to organizations such as TechPoint Youth who are creating measurable social impact across education, healthcare, workforce readiness, and community development.
"Philanthropy has long been central to GTIA's mission," said Kelly Ricker, chief operating officer of GTIA. "In 2025, our members helped us take decisive steps to scale our impact – investing in organizations that use technology to expand opportunities, promote equity and create lasting change. Every advancement we make in our giving programs is driven by the commitment and shared purpose of our member community. Their leadership ensures that innovation truly benefits communities worldwide."
Indiana is home to a growing technology economy, and TechPoint Youth sits at the center of building the workforce that will power it. Through its robotics initiative, STEM Mentor and Xplore programs, and community partnerships, TechPoint Youth has spent years proving that access to hands-on technology K-12 education changes trajectories. This GTIA grant will allow the organization to scale, bringing students into the fold, training more educators, and ensuring that the communities with the most to gain from STEM aren't left behind.
About TechPoint Youth TechPoint Youth is Indiana's leading nonprofit dedicated to inspiring and empowering the next generation of STEM leaders by expanding equitable access to high-impact robotics and technology education statewide. For more information, visit techpointyouth.org.
About the Global Technology Industry Association The Global Technology Industry Association (GTIA) is the only vendor-neutral, 501(c)(6) nonprofit membership community connecting and representing the worldwide IT channel. For more information, visit gtia.org.
Mirae Asset Global Investments Co. Ltd. decreased its stake in Equitable Holdings, Inc. (NYSE:EQH – Free Report) by 92.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,908 shares of the company’s stock after selling 49,959 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Equitable were worth $186,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of EQH. Capital International Investors lifted its position in Equitable by 49.5% in the third quarter. Capital International Investors now owns 11,012,837 shares of the company’s stock valued at $559,232,000 after acquiring an additional 3,645,301 shares during the last quarter. Thornburg Investment Management Inc. grew its holdings in shares of Equitable by 0.3% during the third quarter. Thornburg Investment Management Inc. now owns 4,867,643 shares of the company’s stock worth $247,179,000 after purchasing an additional 12,370 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Equitable by 4.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,822,908 shares of the company’s stock worth $229,812,000 after purchasing an additional 193,640 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Equitable by 1.3% during the third quarter. Pzena Investment Management LLC now owns 4,297,008 shares of the company’s stock worth $218,202,000 after purchasing an additional 55,798 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Equitable by 2.0% in the 3rd quarter. Boston Partners now owns 3,637,414 shares of the company’s stock valued at $184,704,000 after purchasing an additional 72,267 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.
Insider Activity In other news, COO Jeffrey J. Hurd sold 14,358 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $40.04, for a total value of $574,894.32. Following the transaction, the chief operating officer owned 89,403 shares of the company’s stock, valued at approximately $3,579,696.12. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nick Lane sold 10,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $40.44, for a total value of $404,400.00. Following the sale, the insider directly owned 124,218 shares of the company’s stock, valued at approximately $5,023,375.92. This represents a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 128,116 shares of company stock valued at $5,205,010. Company insiders own 1.10% of the company’s stock.
Equitable Stock Performance NYSE EQH opened at $41.17 on Monday. The firm has a market cap of $11.59 billion, a P/E ratio of -8.54, a P/E/G ratio of 0.39 and a beta of 1.11. Equitable Holdings, Inc. has a 52-week low of $35.19 and a 52-week high of $56.61. The business’s 50-day moving average price is $39.64 and its 200 day moving average price is $44.31. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 16.42.
Equitable announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Equitable Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, March 4th. Equitable’s dividend payout ratio (DPR) is -22.41%.
Analyst Upgrades and Downgrades A number of analysts recently issued reports on EQH shares. Keefe, Bruyette & Woods decreased their target price on Equitable from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Morgan Stanley reduced their price objective on Equitable from $59.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Barclays decreased their price objective on Equitable from $57.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Company lowered their target price on shares of Equitable from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Finally, The Goldman Sachs Group set a $60.00 target price on shares of Equitable in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.91.
Check Out Our Latest Research Report on EQH
Equitable Company Profile (Free Report)
Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.
The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.
Featured Stories Five stocks we like better than Equitable Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQH – Free Report).
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The market expects Equitable Holdings, Inc. (EQH - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +20.7%.
Revenues are expected to be $4.01 billion, up 5.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Equitable Holdings?For Equitable Holdings, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Equitable Holdings will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Equitable Holdings would post earnings of $1.75 per share when it actually produced earnings of $1.76, delivering a surprise of +0.57%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Equitable Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmerican International Group (AIG - Free Report) , another stock in the Zacks Insurance - Multi line industry, is expected to report earnings per share of $1.9 for the quarter ended March 2026. This estimate points to a year-over-year change of +62.4%. Revenues for the quarter are expected to be $6.89 billion, up 4.1% from the year-ago quarter.
The consensus EPS estimate for American International Group has been revised 0.4% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.53%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that American International Group will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The market expects Assurant (AIZ - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis insurer is expected to post quarterly earnings of $5.40 per share in its upcoming report, which represents a year-over-year change of +59.3%.
Revenues are expected to be $3.3 billion, up 6.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.42% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Assurant?For Assurant, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.01%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Assurant will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Assurant would post earnings of $5.55 per share when it actually produced earnings of $5.61, delivering a surprise of +1.08%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Assurant appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Insurance - Multi line industry, Equitable Holdings, Inc. (EQH - Free Report) , is soon expected to post earnings of $1.63 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +20.7%. Revenues for the quarter are expected to be $4.01 billion, up 5.9% from the year-ago quarter.
The consensus EPS estimate for Equitable Holdings has been revised 3.7% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.21%.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Equitable Holdings will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
NEW YORK--(BUSINESS WIRE)--Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced financial results for the first quarter ended March 31, 2026.
“We reported solid first quarter results with Non-GAAP operating earnings per share of $1.62, or $1.68 excluding notable items, up 25% from the prior year quarter. Within our businesses, we continued to see healthy organic growth momentum, highlighted by $1.3 billion of net inflows in Retirement and $2.0 billion of advisory net inflows in Wealth Management. Looking forward, we remain confident in achieving our 2026 guidance of $1.8 billion of cash generation and over 15% growth in earnings per share,” said Mark Pearson, President and Chief Executive Officer.
Mr. Pearson concluded, “I am incredibly excited about the announced merger with Corebridge, which will create a diversified financial services company with leading positions across retirement, life insurance, asset management, and wealth management and accelerate our growth strategy. The transaction will be immediately accretive to earnings per share and cash generation, and we project at least 10% accretion on a run-rate basis by year-end 2028. By leveraging the complementary strengths of Equitable and Corebridge, the combined company will have the scale, product breadth, and distribution platform to deliver superior value to both our customers and shareholders.”
Consolidated Results
First Quarter
(in millions, except per share amounts or unless otherwise noted)
2026
2025
Total Assets Under Management/Administration (“AUM/A”, in billions)
$
1,094
$
1,006
Net income (loss) attributable to Holdings
621
63
Net income (loss) attributable to Holdings per common share
2.14
0.16
Non-GAAP operating earnings
472
421
Non-GAAP operating earnings per common share (“EPS”)
1.62
1.30
As of March 31, 2026, total AUM/A was $1.1 trillion, a year-over-year increase of 9%, driven by positive net flows and higher markets over the prior twelve months.
Net income (loss) attributable to Holdings for the first quarter of 2026 was $621 million compared to $63 million in the first quarter of 2025.
Non-GAAP operating earnings in the first quarter of 2026 were $472 million compared to $421 million in the first quarter of 2025. Adjusting for notable items3 of $19 million, first quarter 2026 Non-GAAP operating earnings were $491 million or $1.68 per share.
As of March 31, 2026, book value per common share including accumulated other comprehensive income (“AOCI”) was $(2.83). Book value per common share excluding AOCI was $19.56. Both of these measures reflect the Company’s 68% ownership stake in AllianceBernstein (“AB”) at book value. Book value per common share excluding AOCI but with AB reflected at fair market value was $34.70.
Business Highlights
First quarter 2026 business segment highlights: Retirement reported net inflows of $1.3 billion and first year premiums of $6.0 billion were up 10% over the prior year. Asset Management (AllianceBernstein or “AB”)4 reported net outflows of $7.1 billion, primarily driven by active equities. The institutional pipeline increased to a record $27.5 billion as of quarter end. Wealth Management (“WM”) reported advisory net inflows of $2.0 billion, with total assets under administration reaching $131 billion. Capital management program: The Company returned $223 million to shareholders in the first quarter, including $76 million quarterly cash dividends and $147 million of share repurchases. The Company remains committed to its 60-70% payout ratio target for 2026. The Company reported cash and liquid assets of $1.2 billion at Holdings5 as of quarter end, which remains above the $500 million minimum target. The combined NAIC RBC ratio was approximately 475% at year end, above the Company’s target of 400%. Delivering shareholder value: The Company has completed the deployment of its $20 billion capital committed to AB. This supports growth in AB’s Private Markets business, which had $85 billion of assets under management as of quarter end. During the first quarter, the Company closed on the acquisition of Stifel Independent Advisors, adding over $9 billion of client assets. On March 26th, the Company announced an agreement to combine with Corebridge Financial in an all-stock merger, creating an industry-leading Retirement, Wealth and Asset Management company. The merger is expected to close by year-end 2026, subject to a shareholder vote and regulatory approvals. The transaction is expected to be immediately accretive to earnings per share and cash generation with 10%+ accretion on a run rate basis by year-end 2028. Business Segment Results
Retirement
(in millions, unless otherwise noted)
Q1 2026
Q1 2025
Total Assets (in billions)6
$
175.7
$
154.6
Segment net flows (in billions)
1.3
1.6
Operating earnings (loss)
396
380
Assets increased by 14%, driven by market performance and net inflows over the prior twelve months. First year premiums of $6.0 billion increased by 10% while net inflows of $1.3 billion were lower than the prior year quarter. Operating earnings of $396 million increased versus the prior year quarter, primarily due to higher fee-based revenue and a lower tax rate. Operating earnings adjusted for notable items7 increased from $385 million in the prior year quarter to $394 million. Notable items of $(2) million in the current period reflect lower net investment income from alternatives, offset by a favorable tax credit. Asset Management
(in millions, unless otherwise noted)
Q1 2026
Q1 2025
Total AUM (in billions)
$
838.6
$
784.5
Segment net flows (in billions)
(7.1
)
2.4
Operating earnings (loss)
140
126
AUM increased by 7% due to market performance over the prior twelve months. Net outflows were $7.1 billion in the quarter, including net outflows of $5.8 billion in Retail and $1.9 billion in Institutional, partially offset by net inflows of $0.6 billion in Private Wealth. Operating earnings increased from $126 million in the prior year quarter to $140 million, due to growth in base fees and a higher ownership percentage of AB. Wealth Management
(in millions, unless otherwise noted)
Q1 2026
Q1 2025
Total AUA (in billions)
$
131.0
$
102.1
Advisory net new assets (in billions)
2.0
2.0
Operating earnings (loss)
55
45
AUA increased by 28% over the last twelve months due to market performance, net inflows and acquired assets from the Stifel transaction. Advisory net inflows were $2.0 billion in the quarter, supported by an 11% year-over-year increase in advisor productivity. Operating earnings increased from $45 million in the prior year quarter to $55 million, primarily due to growth in client assets and advisory fees. Corporate and Other (“C&O”)
The operating loss of $119 million in the first quarter decreased from an operating loss of $130 million in the prior year quarter. After adjusting for notable items8, the operating loss was $98 million versus a loss of $122 million in the prior year quarter.
____________________________
1 This press release includes certain Non-GAAP financial measures. More information on these measures and reconciliations to the most comparable U.S. GAAP measures can be found in the “Use of Non-GAAP Financial Measures” section of this release.
2 Please refer to Exhibit 1 for a detailed reconciliation and definitions related to notable items.
3
Please refer to Exhibit 1 for detailed reconciliation and definitions related to notable items.
4
Refers to AllianceBernstein L.P. and AllianceBernstein Holding L.P., collectively.
5
Excludes c. $195 million of cash at Holdings which is available to AllianceBernstein through its credit facility with Equitable Holdings.
6
Retirement assets includes account value (net of embedded derivatives), spread lending balances and reserves (excluding MRBs)
7
Please refer to Exhibit 1 for a detailed reconciliation and definitions related to notable items.
8
Please refer to Exhibit 1 for a detailed reconciliation and definitions related to notable items.
Exhibit 1: Notable Items
Notable items represent the impact on results from our annual actuarial assumption review, approximate impacts attributable to significant variances from the Company’s expectations, and other items that the Company believes may not be indicative of future performance. The Company chooses to highlight the impact of these items and give Non-GAAP measures less notable items to provide a better understanding of our results of operations in a given period. Certain figures may not sum due to rounding.
Impact of notable items by segment and Corporate & Other:
Three Months Ended March 31,
(in millions)
2026
2025
Non-GAAP Operating Earnings
$
472
$
421
Post-tax adjustments related to notable items:
Retirement
(2
)
5
Asset Management
—
—
Wealth Management
—
—
Corporate & Other
21
8
Non-GAAP Operating Earnings, less Notable Items
$
491
$
434
Impact of notable items by item category:
Three Months Ended March 31,
(in millions)
2026
2025
Non-GAAP Operating Earnings
$
472
$
421
Post-tax adjustments related to notable Items:
Net investment income
32
13
Tax credit
(13
)
—
Non-GAAP Operating Earnings, less Notable Items
$
491
$
434
Earnings Conference Call
Equitable Holdings will host a conference call at 9 a.m. ET on May 5, 2026 to discuss its first quarter 2026 results. The conference call webcast, along with additional earnings materials, will be accessible on the company’s investor relations website at ir.equitableholdings.com. Please log on to the webcast at least 15 minutes prior to the call to download and install any necessary software.
To register for the conference call, please use the following link:
EQH First Quarter 2026 Earnings Call
After registering, you will receive an email confirmation including dial in details and a unique conference call code for entry. Registration is open through the live call. To ensure you are connected for the full call we suggest registering a day in advance or at minimum 10 minutes before the start of the call.
A webcast replay will be made available on the Equitable Holdings Investor Relations website at ir.equitableholdings.com.
About Equitable Holdings
Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $1.1 trillion in assets under management and administration (as of 3/31/2026) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has approximately 4,600 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “forecasts,” “intends,” “seeks,” “aims,” “plans,” “assumes,” “estimates,” “projects,” “should,” “would,” “could,” “may,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Equitable Holdings, Inc. (“Holdings”) and its consolidated subsidiaries. These forward-looking statements include, but are not limited to, statements regarding projections, estimates, forecasts and other financial and performance metrics and projections of market expectations. “We,” “us” and “our” refer to Holdings and its consolidated subsidiaries, unless the context refers only to Holdings as a corporate entity. There can be no assurance that future developments affecting Holdings will be those anticipated by management. Forward-looking statements include, without limitation, all matters that are not historical facts.
These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements, including, among others: (i) the ability to complete the Proposed Transaction on the timeframe or in the terms currently anticipated or at all, including due to a failure to obtain requisite stockholder, stock exchange, regulatory, governmental or other approvals; (ii) risks related to difficulties, inabilities or delays in integrating the parties’ businesses; (iii) the ability to realize the anticipated benefits of the Proposed Transaction, including estimated run-rate expense synergies and projected cost savings at the time, and to the extent anticipated, as well as expected, operating earnings and cash flow generation; (iv) the occurrence of any event, change or other circumstance that could give rise to the right of either or both parties to terminate the merger agreement; (v) the potential impact of the announcement or consummation of the Proposed Transaction on Equitable or Corebridge’s stock price and on their respective business, contractual and operational relationships (including with regulatory bodies, employees, suppliers, clients and competitors); (vi) risk related to business disruptions from the Proposed Transaction that may harm the business or current plans and operations of either or both parties, including diversion of management time from ongoing business operations; (vii) the risk that the Proposed Transaction and the announcement thereof could have an adverse effect on the operations; (viii) the risk that the Proposed Transaction and the announcement thereof could have an adverse effect on the ability of either or both parties to hire and retain key personnel; (ix) the parties’ ability to raise debt on favorable terms or at all; (x) the outcome of any legal proceedings that may be instituted against Equitable, Corebridge, their new parent company or their respective directors; (xi) restrictions on the conduct of Equitable and Corebridge’s respective businesses prior to the closing of the Proposed Transaction and on each of their ability to pursue alternatives to the Proposed Transaction; (xii) the possibility that the Proposed Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; (xiii) the potential impact of a downgrade in Equitable or Corebridge’s Insurer Financial Strength ratings or credit ratings or of the new parent company of Equitable and Corebridge following completion of the Proposed Transaction; (xiv) conditions in the financial markets and economy, including the impact of geopolitical conflicts, changes in tariffs and trade barriers, the impact on the Company of a continued shutdown of the U.S. government, and related economic conditions, equity market declines and volatility, interest rate fluctuations, impacts on our goodwill and changes in liquidity and access to and cost of capital; (xv) operational factors, including reliance on the payment of dividends to Holdings by its subsidiaries, protection of confidential customer information or proprietary business information, operational failures by us or our service providers, potential strategic transactions, changes in accounting standards, and catastrophic events, such as the outbreak of pandemic diseases; (xvi) credit, counterparties and investments, including counterparty default on derivative contracts, failure of financial institutions, defaults by third parties and affiliates and economic downturns, defaults and other events adversely affecting our investments; (xvii) our reinsurance and hedging programs; (xviii) our products, structure and product distribution, including variable annuity guaranteed benefits features within certain of our products, variations in statutory capital requirements, financial strength and claims-paying ratings, state insurance laws limiting the ability of our insurance subsidiaries to pay dividends and key product distribution relationships; (xix) estimates, assumptions and valuations, including risk management policies and procedures, potential inadequacy of reserves and experience differing from pricing expectations, amortization of deferred acquisition costs and financial models; (xx) our Asset Management segment, including fluctuations in assets under management and the industry-wide shift from actively-managed investment services to passive services; (xxi) recruitment and retention of key employees and experienced and productive financial professionals; (xxii) subjectivity of the determination of the amount of allowances and impairments taken on our investments; (xxiii) legal and regulatory risks, including federal and state legislation affecting financial institutions, insurance regulation and tax reform; (xxiv) risks related to our common stock and (xxv) general risks, including strong industry competition, information systems failing or being compromised and protecting our intellectual property.
Forward-looking statements, including any financial guidance, should be read in conjunction with the other cautionary statements, risks, uncertainties and other factors identified in Holdings’ filings with the Securities and Exchange Commission. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.
Forward-looking Non-GAAP Metrics
The Company has presented forward-looking statements regarding Non-GAAP operating earnings, and Non-GAAP operating earnings per share. These non-GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts that are excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. We are unable to present a quantitative reconciliation of forward-looking adjusted operating earnings per share and payout ratio targeted to non-GAAP operating earnings to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measures without unreasonable effort or expense. In addition, we believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s future financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others changes in connection with quarter-end and year-end adjustments. Any variations between the Company’s actual results and preliminary financial data set forth above may be material.
Use of Non-GAAP Financial Measures
In addition to our results presented in accordance with U.S. GAAP, we report Non-GAAP Operating Earnings, and Non-GAAP operating common EPS, each of which is a measure that is not determined in accordance with U.S. GAAP. Management principally uses these Non-GAAP financial measures in evaluating performance because they present a clearer picture of our operating performance and they allow management to allocate resources. Similarly, management believes that the use of these Non-GAAP financial measures, together with relevant U.S. GAAP measures, provide investors with a better understanding of our results of operations and the underlying profitability drivers and trends of our business. These Non-GAAP financial measures are intended to remove from our results of operations the impact of market changes (where there is a mismatch in the valuation of assets and liabilities) as well as certain other expenses which are not part of our underlying profitability drivers or likely to re-occur in the foreseeable future, as such items fluctuate from period-to-period in a manner inconsistent with these drivers. These measures should be considered supplementary to our results that are presented in accordance with U.S. GAAP and should not be viewed as a substitute for the U.S. GAAP measures. Other companies may use similarly titled Non-GAAP financial measures that are calculated differently from the way we calculate such measures. Consequently, our Non-GAAP financial measures may not be comparable to similar measures used by other companies.
We also discuss certain operating measures, including AUM, AUA, AV, policy reserves and certain other operating measures, which management believes provide useful information about our businesses and the operational factors underlying our financial performance.
Non-GAAP Operating Earnings
Non-GAAP Operating Earnings is an after-tax Non-GAAP financial measure used to evaluate our financial performance on a consolidated basis that is determined by making certain adjustments to our consolidated after-tax net income attributable to Holdings. The most significant of such adjustments relates to our derivative positions, which protect economic value and statutory capital, and the variable annuity product MRBs. This is a large source of volatility in net income.
Non-GAAP Operating Earnings equals our consolidated after-tax net income attributable to Holdings adjusted to eliminate the impact of the following items:
Items related to variable annuity product features, which include: (i) changes in the fair value of MRB and purchased MRB, including the related attributed fees and claims, offset by derivatives and other securities used to hedge the MRB which result in residual net income volatility as the change in fair value of certain securities is reflected in OCI and due to our statutory capital hedge program; and (ii) market adjustments to deposit asset or liability accounts arising from reinsurance agreements which do not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk; Investment (gains) losses, which includes credit loss impairments of securities/investments, sales or disposals of securities/investments, realized capital gains/losses and valuation allowances; Net actuarial (gains) losses, which includes actuarial gains and losses as a result of differences between actual and expected experience on pension plan assets or projected benefit obligation during a given period related to pension, other postretirement benefit obligations, and the one-time impact of the settlement of the defined benefit obligation; Other adjustments, which primarily include restructuring costs related to severance and separation, lease write-offs related to non-recurring restructuring activities, net derivative gains (losses) on certain Non-GMxB derivatives, net investment income from certain items including consolidated VIE investments, seed capital mark-to-market adjustments, unrealized gain/losses and realized capital gains/losses from sales or disposals of select securities, certain legal accruals; a bespoke deal to repurchase UL policies from one entity that had invested in numerous policies purchased in the life settlement market, which disposed of the risk of additional COI litigation by that entity related to those UL policies, impact of the annual actuarial assumption updates attributable to LFPB when the majority of the impact relates to the non-core business; and Income tax expense (benefit) related to the above items and non-recurring tax items, which includes the effect of uncertain tax positions for a given audit period and changes to the deferred tax valuation allowance. In the third quarter of 2025, the Company updated its net investment income (“NII”) segment reporting to better align with our GAAP segments, as well as the reporting of our spread lending programs' income and expenses. Previously, direct and allocated segment NII were recorded based on assets tied to statutory asset tagging and net statutory liabilities for allocation. To better align with our GAAP segments, the Company changed the recording methodology for direct NII. It is now based on the book yields of assets tied to specific segments, considering general account values plus reserves, net of embedded derivatives. Indirect NII, which was previously allocated based on net statutory liabilities, is now allocated based on general account values and reserves, net of embedded derivatives. Additionally, revenues and expenses from our spread lending programs are now primarily recorded within the Retirement segment. Previously, spread lending revenues and expenses were recorded in Corporate and Other, with the excess of revenues over expenses allocated to the insurance segments based on net statutory liabilities. Prior periods have been revised to reflect these changes.
Because Non-GAAP Operating Earnings excludes the foregoing items that can be distortive or unpredictable, management believes that this measure enhances the understanding of the Company’s underlying drivers of profitability and trends in our business, thereby allowing management to make decisions that will positively impact our business.
We use the prevailing corporate federal income tax rate of 21% while taking into account any non-recurring differences for events recognized differently in our financial statements and federal income tax returns as well as partnership income taxed at lower rates when reconciling Net income (loss) attributable to Holdings to Non-GAAP Operating Earnings.
The table below presents a reconciliation of Net income (loss) attributable to Holdings to Non-GAAP Operating Earnings for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
(in millions)
2026
2025
Net income (loss) attributable to Holdings
$
621
$
63
Adjustments related to:
Variable annuity product features (1)
(386
)
211
Investment (gains) losses
29
14
Net actuarial (gains) losses related to pension and other postretirement benefit obligations
14
11
Other adjustments (2)
148
205
Income tax expense (benefit) related to above adjustments
41
(92
)
Non-recurring tax items
5
9
Non-GAAP Operating Earnings
$
472
$
421
Non-GAAP Operating EPS
Non-GAAP Operating Earnings per common share is calculated by dividing Non-GAAP Operating Earnings less preferred stock dividends by diluted common shares outstanding. The table below presents a reconciliation of GAAP EPS to Non-GAAP Operating EPS for the three months ended March 31, 2026 and 2025.
Three Months Ended March 31,
(per share amounts)
2026
2025
Net income (loss) attributable to Holdings
$
2.19
$
0.20
Less: Preferred stock dividend
0.05
0.04
Net Income (loss) available to common shareholders
2.14
0.16
Adjustments related to:
Variable annuity product features (1)
(1.36
)
0.68
Investment (gains) losses
0.10
0.04
Net actuarial (gains) losses related to pension and other postretirement benefit obligations
0.05
0.04
Other adjustments (2)
0.53
0.64
Income tax expense (benefit) related to above adjustments
0.14
(0.29
)
Non-recurring tax items
0.02
0.03
Non-GAAP Operating Earnings
$
1.62
$
1.30
Book Value per common share, excluding AOCI
We use the term “book value” to refer to total equity attributable to Holdings’ common shareholders. Book Value per common share, excluding AOCI, is our total equity attributable to Holdings, excluding AOCI and preferred stock, divided by ending common shares outstanding.
March 31,
2026
December 31,
2025
Book value per common share
$
(2.83
)
$
(4.03
)
Per share impact of AOCI
22.39
22.17
Book Value per common share, excluding AOCI
$
19.56
$
18.14
Other Operating Measures
We also use certain operating measures which management believes provide useful information about our businesses and the operational factors underlying our financial performance.
Account Value (“AV”)
Account value generally equals the aggregate policy account value of our retirement products.
Assets Under Management (“AUM”)
AUM means investment assets that are managed by one of our subsidiaries and includes: (i) assets managed by AB, (ii) the assets in our general account investment portfolio and (iii) the separate account assets of our Retirement and Life businesses. Total AUM reflects exclusions between segments to avoid double counting.
Assets Under Management (“AUA”)
AUA means advisory and brokerage investment assets included in the Company’s Wealth Management segment.
Segment net flows
Net change in segment customer account balances in a period including, but not limited to, gross premiums, surrenders, withdrawals and benefits. It excludes investment performance, interest credited to customer accounts and policy charges.
Consolidated Statements of Income (Loss) (Unaudited)
Three Months Ended March 31,
2026
2025
(in millions)
REVENUES
Policy charges and fee income
$
429
$
636
Premiums
240
304
Net derivative gains (losses)
580
799
Net investment income (loss)
1,284
1,248
Investment gains (losses), net:
Credit and intent to sell losses on available-for-sale debt securities and loans
7
—
Other investment gains (losses), net
(36
)
(14
)
Total investment gains (losses), net
(29
)
(14
)
Investment management and service fees
1,327
1,285
Other income
399
318
Total revenues
4,230
4,576
BENEFITS AND OTHER DEDUCTIONS
Policyholders’ benefits
385
759
Remeasurement of liability for future policy benefits
9
(2
)
Change in market risk benefits and purchased market risk benefits
325
672
Interest credited to policyholders’ account balances
770
678
Compensation and benefits
625
601
Commissions and distribution-related payments
556
501
Interest expense
62
55
Amortization of deferred policy acquisition costs
209
188
Other operating costs and expenses
402
950
Total benefits and other deductions
3,343
4,402
Income (loss) from continuing operations, before income taxes
887
174
Income tax (expense) benefit
(156
)
(24
)
Net income (loss)
731
150
Less: Net income (loss) attributable to the noncontrolling interest
110
87
Net income (loss) attributable to Holdings
621
63
Less: Preferred stock dividends
14
14
Net income (loss) available to Holdings’ common shareholders
$
607
$
49
Earnings Per Common Share
Three Months Ended March 31,
2026
2025
(in millions)
Earnings per common share
Basic
$
2.16
$
0.16
Diluted
$
2.14
$
0.16
Weighted average shares
Weighted average common stock outstanding for basic earnings per common share
281.3
307.8
Weighted average common stock outstanding for diluted earnings per common share
283.8
311.9
Results of Operations by Segment
Three Months Ended March 31,
2026
2025
(in millions)
Operating earnings (loss) by segment:
Retirement
$
396
$
380
Asset Management
140
126
Wealth Management
55
45
Corporate and Other
(119
)
(130
)
Non-GAAP Operating Earnings
$
472
$
421
Select Balance Sheet Statistics
March 31,
2026
December 31,
2025
(in millions)
ASSETS
Total investments and cash and cash equivalents
$
131,583
$
133,466
Separate Accounts assets
130,470
136,544
Total assets
$
310,382
$
317,990
LIABILITIES
Long-term debt
$
3,837
$
3,835
Future policy benefits and other policyholders' liabilities
17,441
17,660
Policyholders’ account balances
132,662
133,433
Total liabilities
$
308,132
$
316,202
EQUITY
Preferred stock
$
1,068
$
1,068
Accumulated other comprehensive income (loss)
(6,300
)
(6,280
)
Total equity attributable to Holdings
273
(74
)
Total equity attributable to Holdings' common shareholders (ex. AOCI)
5,505
5,138
Assets Under Management (Unaudited)
March 31,
2026
December 31,
2025
(in billions)
Assets Under Management
AB AUM
$
838.6
$
866.9
Exclusion for General Account and other Affiliated Accounts
(88.8
)
(87.3
)
Exclusion for Separate Accounts
(48.8
)
(51.0
)
AB third party
$
701.0
$
728.6
Total Company AUM
AB third party
$
701.0
$
728.6
General Account and other Affiliated Accounts (1) (3) (4) (5)
131.6
133.5
Separate Accounts (2) (3) (4) (5)
130.5
136.5
Total AUM
$
963.1
$
998.6
_______________ (1)
“General Account and other Affiliated Accounts” refers to assets held in the general accounts of our insurance companies and other assets on which we bear the investment risk.
(2)
“Separate Accounts” refers to the separate account investment assets of our insurance subsidiaries excluding any assets on which we bear the investment risk.
(3)
As of March 31, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $7.6 billion and $8.2 billion & General Account AUM is inclusive of $27 million and $28 million, respectively, ceded to Venerable.
(4)
As of March 31, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $6.8 billion and $7.2 billion & General Account AUM is inclusive of $2.9 billion and $3.0 billion, respectively, ceded to Global Atlantic.
(5)
Includes Advisory, Brokerage and Direct assets included in our Wealth Management segment.
As of March 31, 2026 and December 31, 2025, Separate Accounts AUM is inclusive of $14.5 billion and $15.1 billion & General Account AUM is inclusive of $9.3 billion and $9.3 billion, respectively, ceded to RGA. More News From Equitable Holdings, Inc.
Equitable Holdings, Inc. (EQH - Free Report) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.6 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.27%. A quarter ago, it was expected that this company would post earnings of $1.75 per share when it actually produced earnings of $1.76, delivering a surprise of +0.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Equitable Holdings, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $3.61 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 7.31%. This compares to year-ago revenues of $3.78 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Equitable Holdings shares have lost about 11.5% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for Equitable Holdings?While Equitable Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Equitable Holdings was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.77 on $3.95 billion in revenues for the coming quarter and $7.22 on $15.98 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Kemper (KMPR - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This insurance holding company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of -50.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Kemper's revenues are expected to be $1.21 billion, up 1.9% from the year-ago quarter.
Equitable Holdings, Inc. (EQH - Free Report) reported $3.61 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 4.5%. EPS of $1.62 for the same period compares to $1.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.9 billion, representing a surprise of -7.31%. The company delivered an EPS surprise of +1.27%, with the consensus EPS estimate being $1.60.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Equitable Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Retirement - Net flows: $1.29 billion compared to the $1.57 billion average estimate based on two analysts.Retirement - Total asset value end of period: $175.68 billion compared to the $176.53 billion average estimate based on two analysts.Wealth Management - Advisory net new assets: $2.02 billion versus $2.27 billion estimated by two analysts on average.Wealth Management - Total Wealth Management ending assets: $131.04 billion versus the two-analyst average estimate of $122.29 billion.Revenue- Policy charges, fee income and premiums: $669 million compared to the $674.25 million average estimate based on three analysts.Revenue- Investment management, service fees and other income: $1.68 billion compared to the $1.78 billion average estimate based on two analysts.Segment revenues- Corporate and Other: $525 million versus the two-analyst average estimate of $590.49 million. The reported number represents a year-over-year change of +157.4%.Revenue- Retirement- Policy charges, fee income and premiums: $307 million versus $324.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +37.1% change.Revenue- Retirement- Net investment income (loss): $1.19 billion versus the two-analyst average estimate of $1.19 billion. The reported number represents a year-over-year change of +72.2%.Revenue- Retirement- Net derivative gains (losses): $-6 million versus the two-analyst average estimate of $-3.5 million. The reported number represents a year-over-year change of +20%.Revenue- Retirement- Investment management, service fees and other income: $185 million versus the two-analyst average estimate of $186.25 million. The reported number represents a year-over-year change of +117.7%.Revenue- Wealth Management- Net investment income (loss): $3 million compared to the $3.5 million average estimate based on two analysts. The reported number represents a change of 0% year over year.View all Key Company Metrics for Equitable Holdings here>>>
Shares of Equitable Holdings have returned +11.6% over the past month versus the Zacks S&P 500 composite's +10% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
