Inside the research

Equitable Holdings, Inc.

EQH Research profile · latest available data

Price overview

$53.84

▲ +1.23 (+2.3%)

52w hi$54.04
52w lo$34.86
Vol1.99M
As of25 Sep 2026

The Verdict

Hold

Our score -0.10

Short+0.45
Medium-0.14
Long-1.10

computed 2026-09-27

Key fundamentals

Equitable Holdings, Inc.

Financial Services · Asset Management

Market cap$14.69B
Enterprise value$5.81B
Forward P/E5.97x
EV / EBITDA11.91x
P / S (ttm)1.38x
Profit margin-8.7%
Return on equity-25.1%
Revenue growth-29.8%
Debt / equity586.10

Layer Breakdown

LayerRawContribution
Fundamental-0.27
Sector+0.02
Technical+0.21
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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, Asset Management, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement variable annuity products, including structured capital strategies, retirement cornerstone, and investment edge primarily to affluent and high net worth individuals. The Group Retirement 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. It offers guaranteed and structured investment option, and personal income benefit variable annuity products and open architecture mutual fund platform. The Asset Management segment offers investment management and related services to various clients through institutions, retail, and private wealth management. The Protection Solutions segment provides life insurance products, such as VUL and COLI insurance, IUL insurance, and term life; and employee benefits business which includes group life, supplemental life, dental, vision, short-term disability, long-term disability, critical illness, accident and hospital indemnity 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.

United States · ir.equitableholdings.com

Risk Metrics

Beta vs SPX1.37
Corr SPX0.63
Annual vol34.9%
Annual ret+18.3%
Sharpe0.53
Max DD-37.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$57.77
High / Low$63.00 / $51.00
Median$58.00
Analysts13
Strong Buy3
Buy10
Hold0
Sell0
Strong Sell0

Recent rating actions

2026-05-07Mizuho→ Outperform
2026-05-06Keefe, Bruyette & Woods→ Outperform
2026-05-05Barclays→ Overweight
2026-04-29JP Morgan→ Overweight
2026-04-16Raymond James→ Strong Buy
2026-04-13Mizuho→ Outperform

Material Events

DateEvent8-K
2026-08-04Earnings Release, Reg FD Disclosure…read
2026-07-30Shareholder Vote, Other Material Event…read
2026-07-28Other Material Eventread
2026-07-21Other Material Eventread
2026-05-04Earnings Release, Reg FD Disclosure…read
2026-04-16Reg FD Disclosureread
2026-04-08Material Agreement, Exhibitsread
2026-03-26Material Agreement, Other Material Event…read
2026-02-04Earnings Release, Reg FD Disclosure…read
2025-11-04Earnings Release, Reg FD Disclosure…read
2025-10-22Reg FD Disclosure, Exhibitsread
2025-09-09Other Material Event, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders9
Top-5 share93.1%
HHI3,321 (concentrated)

Top Holders

HolderValueShares
State Street Corp$411.96M9.39M
Fidelity / FMR LLC$133.46M3.04M
Capital Research / Capital World$78.61M1.79M
Citadel Advisors$61.91M1.41M
Renaissance Technologies$35.98M819.90K
Millennium Management$26.82M611.23K
AQR Capital Management$14.80M337.28K
Bridgewater Associates$11.45M261.02K
T. Rowe Price Group$798.04K18.19M

As of 2026-06-30

Dividends

Yield (TTM)1.00%
$ / share (TTM)$0.54
5y CAGR+9.7%

Annual dividend per share

2021$0.71
2022$0.78
2023$0.86
2024$0.94
2025$1.05
2026$0.27

SEC Filings

DateFormDoc
2026-08-114view
2026-08-114view
2026-08-114view
2026-08-114view
2026-08-114view
2026-08-114view
2026-08-114view
2026-08-114view
2026-08-10DEFA14Aview
2026-08-10DEF 14Aview
2026-08-104view
2026-08-104view
2026-08-104view
2026-08-10ARSview
2026-08-0610-Qview

The Long Run

FY 2018–2025 · 8 years

LineLatestCAGRTrend
Revenue$11.66B-0.5%
Net income-$1.38B-39.3%
Cash from ops-$208.00M—

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$53.03$53.97$52.62$53.841.99M
Sep 24$52.27$52.75$51.78$52.612.96M
Sep 23$52.02$53.06$52.02$52.272.80M
Sep 22$54.06$54.13$52.17$52.203.29M
Sep 21$54.50$54.95$53.78$53.872.66M

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