Equitable Holdings (EQH) AI Stock Analysis

• Market Cap: $14.64B
• Dividend Yield: 2.27%
• Average Volume (3M): 2.73M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: 4.80%
• EPS Growth: -155.12%
• Country: US
• Employees: 8,000
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 1.48
• Shares Outstanding: 299,536,470
• 10 Day Avg. Volume: 2,628,987
• 30 Day Avg. Volume: 2,733,074
• PEG Ratio: 1.23
• Price to Book (P/B): 9.56
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 10.20
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 1.59
• Enterprise Value/Gross Profit: 1.58
• Enterprise Value/Ebitda: 10.45
• 1Y Price Target: $64.50
• Price Target Upside: 43.75% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $50.00 ▲(11.43% Upside)

Equitable Holdings' overall score reflects mixed financial performance and technical indicators, with concerns about high debt and valuation. The earnings call provided some positive insights, but challenges remain, particularly in maintaining consistent growth and managing financial leverage.

Positive Factors

Record Assets Under Management

The increase in assets under management indicates strong future growth potential and reflects the company's ability to attract and retain clients, enhancing its market position.

Strategic Acquisition

The acquisition of Stifel Independent Advisors will expand Equitable's advisory capabilities and client base, strengthening its competitive advantage in wealth management.

Strong Wealth Management Growth

Consistent growth in wealth management inflows highlights effective client engagement and product offerings, supporting long-term revenue growth and market expansion.

Negative Factors

High Debt Levels

High debt levels can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities and navigate economic downturns.

Decline in Operating Earnings

A decline in operating earnings suggests challenges in maintaining profitability, which could affect the company's ability to sustain growth and shareholder returns.

Elevated Mortality Impact

Elevated mortality impacts can lead to increased claims and expenses, affecting the company's profitability and financial stability in the insurance segment.

Equitable Holdings Business Overview & Revenue Model

Company Description

Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. 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 solutions to various clients through institutional, retail, and private wealth management channels; and distributes its institutional research products and solutions. The Protection Solutions segment provides various variable universal life, indexed universal life, and term life products to help affluent and high net worth individuals, as well as small and medium-sized business owners; and a suite of life, short- and long-term disability, dental, and vision insurance products to small and medium-size businesses. 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.

How the Company Makes Money

Equitable Holdings generates revenue primarily through the sale of insurance products, annuities, and investment management services. Key revenue streams include premiums collected from life insurance policies, fees from annuity contracts, and asset management fees from investment products. The company also earns income through its investment portfolio, which consists of bonds, stocks, and other financial instruments. Strategic partnerships with financial advisors and distributors further enhance its market reach and customer acquisition. Additionally, Equitable Holdings benefits from a growing customer base seeking retirement and protection solutions, contributing to its overall earnings.

Equitable Holdings Financial Statement Overview

Summary

Equitable Holdings shows mixed financial performance with strengths in profitability margins but challenges in revenue growth and financial leverage. High debt levels and inconsistent cash flow generation pose risks to financial stability.

Income Statement

Equitable Holdings shows a mixed performance in its income statement. The TTM data reveals a decline in revenue growth rate, indicating challenges in maintaining top-line growth. However, the company maintains a positive net profit margin and EBIT margin, suggesting operational efficiency. Historical data shows fluctuations in profitability, with periods of strong growth followed by declines, reflecting industry volatility.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio, which poses a risk of financial leverage. The return on equity has been volatile, with a significant drop in the TTM period. The equity ratio is relatively low, suggesting a heavy reliance on debt financing. These factors highlight potential financial stability concerns.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth in the TTM period, indicating potential liquidity challenges. The operating cash flow to net income ratio is low, suggesting inefficiencies in converting income into cash. Historical data shows inconsistent free cash flow performance, reflecting operational volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.63B	12.44B	10.53B	13.92B	9.93B	12.41B
Gross Profit	13.74B	10.00B	2.86B	5.87B	7.28B	807.00M
EBITDA	2.08B	3.20B	1.78B	3.83B	5.63B	864.00M
Net Income	479.00M	1.31B	1.30B	2.15B	1.75B	-648.00M
Balance Sheet
Total Assets	303.09B	295.87B	276.81B	252.70B	292.26B	275.40B
Cash, Cash Equivalents and Short-Term Investments	43.47B	83.61B	75.27B	67.64B	5.82B	11.73B
Total Debt	4.33B	6.78B	5.63B	5.23B	5.12B	5.28B
Total Liabilities	300.13B	292.30B	271.66B	249.11B	278.70B	258.08B
Stockholders Equity	1.15B	1.58B	2.65B	1.40B	11.52B	15.58B
Cash Flow
Free Cash Flow	1.22B	1.49B	-325.00M	-417.00M	-313.00M	-168.00M
Operating Cash Flow	1.29B	1.64B	-208.00M	-250.00M	-193.00M	-61.00M
Investing Cash Flow	-11.56B	-15.36B	-4.85B	-7.49B	-12.69B	-7.82B
Financing Cash Flow	15.22B	12.10B	9.00B	7.04B	11.95B	9.67B

Equitable Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 44.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQH, the sentiment is Negative. The current price of 44.87 is below the 20-day moving average (MA) of 48.11, below the 50-day MA of 50.75, and below the 200-day MA of 51.58, indicating a bearish trend. The MACD of -1.07 indicates Positive momentum. The RSI at 30.69 is Neutral, neither overbought nor oversold. The STOCH value of 22.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EQH.

Equitable Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACGL	79 Outperform	$32.68B	8.21	17.81%	―	16.68%	-28.54%
HIG	74 Outperform	$35.73B	10.48	20.07%	1.66%	7.11%	22.52%
PFG	73 Outperform	$17.83B	11.82	13.74%	3.67%	12.33%	―
AEG	69 Neutral	$11.92B	8.24	14.42%	5.80%	-6.19%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AIG	59 Neutral	$42.28B	13.68	7.68%	2.11%	-23.02%	52.43%
EQH	54 Neutral	$14.64B	―	-41.33%	2.27%	4.80%	-155.12%

Equitable Holdings Corporate Events

Equitable Holdings Reports Q3 2025 Financial Results

Equitable Holdings reported its third-quarter 2025 financial results, highlighting a net loss of $1.3 billion due to a one-time impact from a life reinsurance transaction. Despite this, the company achieved non-GAAP operating earnings of $455 million, with strong net inflows in retirement and wealth management sectors and a record $1.1 trillion in assets under management. The company is deploying $1.5 billion in capital for shareholder value, including buybacks, debt repayment, and growth investments, and has acquired Stifel Independent Advisors to enhance its wealth management operations.

The most recent analyst rating on (EQH) stock is a Buy with a $63.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Updates Segment Reporting Structure

Equitable Holdings announced changes to its segment reporting following the closure of a transaction with RGA Reinsurance Company on July 31, 2025. The reorganization, effective from the third quarter of 2025, combines the Individual Retirement and Group Retirement segments into a single Retirement segment and moves its legacy and life insurance business to the Corporate and Other segment. These changes are intended to better reflect the company’s operational decision-making and performance assessment, with no impact on previously reported consolidated financial statements.

The most recent analyst rating on (EQH) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Announces Early Results of Tender Offer

On September 9, 2025, Equitable Holdings announced the early results of its cash tender offer to purchase certain debt securities, revealing that $1,068,736,000 in aggregate principal amount of notes were validly tendered. The company increased the Series Cap for Acceptance Priority Level 1 to $500 million, meaning notes in levels 2 and 3 will not be accepted. The tendered notes will be purchased, retired, and canceled on the expected early settlement date of September 11, 2025, with holders receiving a premium and accrued interest.

The most recent analyst rating on (EQH) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Amends Reimbursement Agreements with Banks

On August 25, 2025, Equitable Holdings, Inc. amended its Reimbursement Agreements with Commerzbank AG and MUFG Bank to align with its Revolving Credit Agreement, introducing changes to financial covenants and extending the Commitment Termination Date by two years. Earlier, on August 21 and August 26, 2025, the company terminated several bilateral letter of credit facilities with multiple banks, including Barclays Bank PLC and Citibank Europe PLC, marking a strategic shift in its financial operations.

The most recent analyst rating on (EQH) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Reports Q2 2025 Financial Results

Equitable Holdings, Inc. is a prominent financial services holding company that operates through its subsidiaries, providing retirement and protection strategies, investment management, and financial advisory services. The company is recognized for its extensive client base and significant assets under management.

Equitable Holdings’ Earnings Call Highlights Growth Amid Challenges

Equitable Holdings, Inc. recently held its earnings call, which revealed a generally positive sentiment despite some challenges. The company reported strong growth in assets under management and significant capital freed by a reinsurance transaction. Robust inflows in retirement and wealth management were also highlighted. However, there were concerns about a decline in non-GAAP operating earnings due to high mortality claims and net outflows in asset management. Overall, the positive achievements and future prospects slightly outweighed the negative aspects.