Axa Equitable Holdings Inc

Axa Equitable Holdings Inc

EQH · NYSE · Financial Services / Asset Management

56.10USD+0.47 (+0.84%)

Price History

Full chart

Market Stats

Previous Close55.63
Open56.11
Day Range55.22 – 56.22
52-Week Range34.72 – 55.06
Volume1.76M
Market Cap14.69B
P/E (TTM)0.00
Forward P/E5.82
EPS-3.29
Dividend Yield2.17%
Beta1.09
50-Day Avg50.81
200-Day Avg45.16

About

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.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Mark Pearson FCCA
  • Employees8.00K
  • Headquarters1345 Avenue Of The Americas, New York, NY, United States, 10105, USA
  • Websitehttps://ir.equitableholdings.com

Leadership

  • Mr. Mark Pearson FCCAPresident, CEO & Director · b. 1958
  • Mr. Robin Matthew RajuSenior Executive VP & CFO · b. 1982
  • Mr. Jeffrey Joy Hurd J.D.Senior Executive VP & COO · b. 1967
  • Mr. Seth Perry BernsteinHead of Asset Management · b. 1961
  • Mr. Nicholas Burritt LanePresident of Equitable, Senior EVP & Head of Retirement, Wealth Management & Protection Solutions · b. 1974

Financials

Income Statement

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue13.06B10.08B11.76B12.46B12.07B9.62B12.41B7.61B12.64B10.53B12.44B11.66B
Growth (%)--22.84%+16.71%+5.93%-3.14%-20.30%+29.07%-38.67%+66.06%-16.74%+18.13%-6.21%
Cost of Revenue6.54B5.75B6.09B6.95B5.46B7.49B9.51B291.00M5.07B4.23B5.84B2.43B
Gross Profit6.52B4.33B5.67B5.51B6.61B2.13B2.90B7.32B7.58B6.30B6.60B9.23B
Gross Margin49.90%42.93%48.24%44.26%54.77%22.16%23.38%96.18%59.94%59.86%53.07%79.14%
Operating Expense4.09B3.89B3.65B4.21B4.12B4.19B4.00B4.71B4.59B4.09B4.49B10.43B
Operating Income2.43B441.00M2.03B1.31B2.49B-2.06B-1.09B2.61B2.99B2.21B2.11B-1.19B
Operating Margin18.58%4.38%17.23%10.48%20.63%-21.42%-8.80%34.27%23.66%20.96%16.97%-10.23%
EBITDA3.17B586.00M2.96B1.86B3.02B-1.16B864.00M3.37B3.83B2.21B3.20B-97.00M
EBITDA Margin24.26%5.81%25.16%14.97%25.00%-12.10%6.96%44.29%30.28%20.96%25.71%-0.83%
Net Income1.63B333.00M1.25B834.00M1.85B-1.76B-648.00M1.75B2.15B1.30B1.31B-1.38B
Net Income Margin12.48%3.30%10.66%6.69%15.37%-18.34%-5.22%23.05%17.03%12.37%10.51%-11.83%
R&D----0-------
R&D as % of Total Revenue----0.00%-------
Interest Expense389.00M136.00M174.00M160.00M231.00M221.00M200.00M244.00M201.00M228.00M226.00M224.00M
Interest Expense % of Total Revenue2.98%1.35%1.48%1.28%1.91%2.30%1.61%3.20%1.59%2.17%1.82%1.92%

Balance Sheet

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-205.57B216.59B235.65B220.80B249.87B282.27B292.26B252.70B276.81B295.72B317.99B
Total Liabilities-191.99B201.68B218.44B205.18B234.38B264.95B278.70B249.11B271.66B292.17B316.20B
Total Equity-13.58B14.90B17.21B15.62B15.49B17.32B11.52B1.40B2.65B1.58B-74.00M
Cash-6.56B5.65B4.81B4.47B4.41B6.18B5.19B4.28B8.24B6.96B12.46B
Total Debt-7.13B6.25B12.62B7.46B10.51B4.12B5.89B5.85B5.63B5.95B6.56B
Net Debt--106.00M-1.15B1.22B486.00M-294.00M-2.06B702.00M1.57B-2.61B-1.01B-5.90B

Cash Flow

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-628.00M-192.00M-236.00M-243.00M61.00M-216.00M-61.00M-756.00M-851.00M-208.00M1.64B713.00M
Investing Cash Flow-1.62B-2.14B-5.77B-9.69B-2.05B-8.50B-7.82B-12.69B-7.49B-4.85B-15.36B-10.75B
Financing Cash Flow4.09B2.90B5.11B9.07B1.66B8.71B9.67B12.51B7.65B9.00B12.10B15.50B
Capital Expenditure92.00M83.00M97.00M102.00M123.00M93.00M107.00M120.00M167.00M117.00M153.00M34.00M
Free Cash Flow-720.00M-275.00M-333.00M-345.00M-62.00M-309.00M-168.00M-876.00M-1.02B-325.00M1.49B679.00M
Dividends Paid-157.00M157.00M157.00M157.00M285.00M350.00M375.00M374.00M381.00M382.00M375.00M
FCF to OCF114.65%143.23%141.10%141.98%-101.64%143.06%275.41%115.87%119.62%156.25%90.66%95.23%
Dividend Paid to FCF--57.09%-47.15%-45.51%-253.23%-92.23%-208.33%-42.81%-36.74%-117.23%25.72%55.23%

Earnings

Report DateAug 4, 2017Feb 14, 2018Jun 19, 2018Aug 13, 2018Nov 12, 2018Feb 28, 2019May 9, 2019Aug 8, 2019Nov 6, 2019Feb 26, 2020May 7, 2020Aug 4, 2020Nov 4, 2020Feb 23, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 10, 2022May 9, 2022Aug 3, 2022Nov 2, 2022Feb 8, 2023May 3, 2023Aug 2, 2023Oct 31, 2023Feb 6, 2024Apr 30, 2024Jul 30, 2024Nov 4, 2024Feb 5, 2025Apr 29, 2025Aug 5, 2025Nov 4, 2025Feb 4, 2026May 4, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.000.810.860.910.890.931.041.061.181.110.871.181.211.271.371.391.511.511.281.101.251.191.201.321.161.321.401.531.621.481.301.611.751.611.661.89
EPS Actual0.36-0.020.830.901.230.930.981.141.381.371.081.001.241.651.351.711.941.541.361.311.281.110.961.171.151.331.431.431.531.571.301.101.481.731.621.70-
Surprise--2.47%4.65%35.16%4.49%5.38%9.62%30.19%16.10%-2.70%14.94%5.08%36.36%6.30%24.82%39.57%1.99%-9.93%2.34%16.36%-11.20%-19.33%-2.50%-12.88%14.66%8.33%2.14%0.00%-3.09%-12.16%-15.38%-8.07%-1.14%0.62%2.41%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap14.69B
Enterprise Value5.31B
Trailing P/E0.00
Forward P/E5.82
Price / Sales1.38
Price / Book164.14
EPS-3.29
Book Value-6.79
Revenue (TTM)10.62B
Gross Profit (TTM)1.36B
EBITDA488.00M
Profit Margin-8.72%
Operating Margin-26.36%
Return on Equity-25.13%
Return on Assets-0.07%
Shares Outstanding272.77M
Shares Float252.96M
Beta1.09
Dividend Yield2.17%
Dividend Rate1.14
Payout Ratio17.46%

Analyst Ratings

Buy
Based on 10 analystsTarget 62.09
  • Strong Buy
    6
  • Buy
    2
  • Hold
    2

Ownership Breakdown

Institutions
100.68%
Insiders
0.60%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    27.32M10.02%
  • NORGES BANK
    18.33M6.72%
  • T. Rowe Price Associates, Inc.
    17.53M6.43%
  • Vanguard Portfolio Management, LLC
    14.63M5.36%
  • Vanguard Capital Management, LLC
    12.63M4.63%
  • State Street Corp
    11.98M4.39%
  • Harris Associates L.P.
    9.49M3.48%
  • Canada Pension Plan Investment Board
    9.11M3.34%
  • Wellington Management Company LLP
    8.78M3.22%
  • Capital Research & Mgmt Co - Division 3
    8.42M3.09%
  • Geode Capital Management, LLC
    5.85M2.15%
  • Thornburg Investment Management Inc
    4.99M1.83%
  • BMO Capital Markets Corp.
    4.91M1.80%
  • Bank of Montreal
    4.84M1.78%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    9.84M3.61%
  • Vanguard MStar Total Stk Mkt Idx Invest
    8.96M3.28%
  • Vanguard Small Cap Index
    6.48M2.38%
  • T. Rowe Price Equity Income
    5.00M1.83%
  • Thornburg Investment Income Builder A
    4.81M1.76%
  • Oakmark Investor
    4.75M1.74%

Dividends

20263×
0.30Aug 3, 20260.30Jun 1, 20260.27Mar 4, 2026
20254×
0.27Nov 24, 20250.27Aug 5, 20250.27Jun 2, 20250.24Mar 5, 2025
20244×
0.24Nov 26, 20240.24Aug 6, 20240.24Jun 3, 20240.22Feb 23, 2024
20234×
0.22Nov 24, 20230.22Aug 4, 20230.22Jun 2, 20230.20Feb 24, 2023
20224×
0.20Nov 25, 20220.20Aug 5, 20220.20May 26, 20220.18Feb 25, 2022
20214×
0.18Nov 26, 20210.18Aug 12, 20210.18May 27, 20210.17Mar 3, 2021
20201×
0.17Nov 20, 2020