Wells Fargo analyst Elyse Greenspan has maintained their bullish stance on EQH stock, giving a Buy rating on April 15.
Elyse Greenspan has given his Buy rating due to a combination of factors, including Equitable Holdings’ recent earnings performance and their strategic financial management. Equitable Holdings reported operating EPS of $1.43, surpassing both Wells Fargo’s estimate of $1.37 and the consensus estimate of $1.33, signaling stronger-than-anticipated profitability. Furthermore, the Group Retirement and Protection segments delivered robust results, with normalized earnings that not only exceeded Wells Fargo’s predictions but also indicated a healthy trajectory in key areas of the business.
Additional positives contributing to the Buy rating include strong sales in Structured Capital Strategies (RILA) and favorable net flows within AllianceBernstein (AB). These highlights demonstrate the company’s capacity to generate sales growth and effectively manage asset flows. Despite some underperformance in the Individual Retirement segment and higher corporate losses, the overall capital return and share repurchases align well with the firm’s targets. The high capital buffer at the holding company level also provides financial flexibility, supporting Greenspan’s optimistic outlook on Equitable Holdings’ stock.
In another report released on April 15, Truist Financial also maintained a Buy rating on the stock with a $40.00 price target.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQH in relation to earlier this year.
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Equitable Holdings (EQH) Company Description:
Equitable Holdings, Inc. is a financial services company in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Its mission is to help clients secure their financial well-being. The company was founded by Henry B. Hyde in 1859 and is headquartered in New York, NY.
