Stock of the Day

December 9, 2020

Equitable (EQH)

$49.08
+$0.08 (+0.2%)
Market Cap: $13.37B

About Equitable

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.

Today's Trend

Equitable Holdings, Inc. (NYSE: EQH) appears to be getting a mixed-but-overall supportive analyst readout, which can help explain why the stock has been moving higher. Several firms lifted their price targets or reiterated bullish views, including UBS raising its target to $68, Mizuho increasing its target to $62, Wells Fargo boosting its target to $60 and keeping an overweight rating, and Barclays maintaining a Buy rating.

Overall, EQH is seeing more bullish than bearish analyst action, and the cluster of higher price targets suggests Wall Street sees room for further upside despite one downgrade.

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