EQH

Equitable Holdings' Tender Offer: Equitable Holdings, Inc. announced the completion of its cash tender offer to purchase up to 46 million units of AllianceBernstein Holding L.P. at $38.50 per unit, resulting in the acceptance of approximately 19.7 million units for a total cost of about $757.8 million.

Ownership Increase: Following this purchase, Equitable will hold an estimated 68.6% economic interest in AllianceBernstein L.P., enhancing its position within the financial services sector.

Fastest News Alerts: Benzinga Pro offers real-time intelligence and alerts for traders to stay updated on stock market movements.

Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories from Benzinga reporters.

Equitable Holdings Tender Offer: Equitable Holdings, Inc. announced a cash tender offer to purchase up to 46 million units of AllianceBernstein Holding L.P. at $38.50 per unit, totaling approximately $1.8 billion, with a preliminary count showing nearly 19.8 million units tendered before the April 1, 2025 deadline.

Ownership Increase: Following the tender offer, Equitable expects to acquire about 17.9% of the outstanding units, resulting in an approximate 68.6% economic interest in AllianceBernstein L.P., pending final confirmation of the tendered units.

JPMorgan's Upgrade on Reinsurance Group of America: Analyst Jimmy Bhullar upgraded Reinsurance Group of America (RGA) to overweight, raising the price target by $5 to $237, citing improved earnings projections and a more attractive valuation amidst a challenging economic backdrop.

Market Sentiment and Company Performance: Despite the upgrade, RGA shares fell 0.7% before the market opened, reflecting ongoing struggles since a weak fourth-quarter earnings report, while JPMorgan downgraded the broader life insurance sector to neutral due to a balanced risk-reward ratio.

Performance Overview: EQH.PRA shares of Equitable Holdings Inc. are down about 1.5% in Thursday trading, while the common shares (EQH) have decreased by approximately 7.5%.

Dividend History: The article includes a chart detailing the historical dividend payments for Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A.

Insider Trading Activity: Mark Pearson, CEO of $EQH, sold 26,292 shares for approximately $1.34 million, representing about 3.4% of his holdings, with no insider purchases reported in the last six months despite 42 sales.

Institutional and Analyst Insights: In the latest quarter, 249 institutional investors increased their positions in $EQH while 278 decreased theirs; analysts have issued 5 buy ratings and no sell ratings on the stock recently.

Analyst Ratings and Price Targets: Suneet Kamath from Jefferies maintains a Buy rating on Equitable Holdings (EQH) with a price target of $70.00, while the analyst consensus suggests a Strong Buy with an average target of $63.33, indicating a potential upside from current levels.

Company Performance and Insider Activity: Equitable Holdings reported significant revenue growth in its latest earnings, but insider sentiment is negative as many insiders have sold shares recently, including a notable sale by Director Arlene Isaacs-Lowe.

Jim Cramer's Insights: On CNBC's "Mad Money," Jim Cramer praised Arthur J. Gallagher & Co. as a solid company and expressed bullish sentiments about Waste Management, while advising caution on Occidental Petroleum due to its debt issues.

Company Updates: Arthur J. Gallagher acquired Philpacific Insurance Brokers, Nu Holdings reported significant customer growth, and Applied Materials announced a dividend increase and share repurchase plan amidst mixed stock performances across various companies.

Tender Offer Announcement: Equitable Holdings, Inc. has announced a tender offer for its Series B Depositary Shares at a price of $1,000 per share, with the offer set to expire on April 9, 2025, unless extended or terminated.

Funding and Conditions: The company plans to use proceeds from a junior subordinated debt securities offering to finance the tender offer, which is subject to certain conditions including a financing condition.

Stock Performance Overview: KBE's share price is currently at $54.17, with a 52-week low of $42.77 and a high of $63.74; analyzing the price against the 200-day moving average can provide insights into its performance.

ETFs Trading Dynamics: Exchange traded funds (ETFs) operate like stocks but involve trading "units" that can be created or destroyed based on investor demand, affecting the underlying assets held within the ETFs.

Dividend Predictability: Dividend amounts are generally unpredictable and fluctuate with a company's profitability, as illustrated by Equitable Holdings Inc's historical performance.

Investment Expectations: Analyzing EQH's history can help assess the likelihood of maintaining a 2% annual yield on dividends.

Analyst Ratings: Suneet Kamath from Jefferies has maintained a Buy rating on Equitable Holdings (EQH) with a price target of $70.00, while the stock currently has an analyst consensus of Strong Buy and a price target consensus of $63.11.

Insider Activity: Recent insider activity shows a negative sentiment towards EQH, with an increase in insiders selling shares, including a notable sale by Director Arlene Isaacs-Lowe.

Analyst Ratings Overview: In the latest quarter, 13 analysts provided a mix of ratings for Equitable Holdings, with an average price target increase to $61.31, reflecting a positive sentiment shift compared to previous months.

Financial Performance Insights: Equitable Holdings demonstrated strong revenue growth of 66.87% but faces challenges with net margin and debt management, while showcasing exceptional return on equity at 100.58%.

Real-time Intelligence: Benzinga Pro offers traders the fastest news alerts and exclusive stories to enhance their market strategies.

Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from accurate stock market intelligence.

Real-time Intelligence: Benzinga Pro offers traders the fastest news alerts and exclusive stories to enhance their market strategies.

Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from accurate stock market intelligence.

Equitable Holdings Inc. Tender Offer: Equitable Holdings has announced a cash tender offer to acquire up to 46 million units of AllianceBernstein at $38.50 per unit, representing a 7.8% premium over its recent closing price, aiming to increase its stake from 61.9% to 77.5%.

Market Reaction and Details: Following the announcement, EQH shares rose by 4.1% to $53.49, with the tender offer set to expire on March 24, 2025, unless extended, and any unaccepted units will be returned to investors.

Television & Radio Stocks Performance: Television and radio shares have shown relative strength, increasing by approximately 0.8%, with Gray Media rising by 4.6% and Entravision Communications by 4.1% on Monday.

Market Commentary Disclaimer: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

RGA's Agreement with Equitable Holdings: Reinsurance Group of America (RGA) has entered into a deal to reinsure 75% of Equitable Holdings' life insurance liabilities, involving approximately $18 billion in general account reserves and $14 billion in separate account reserves. This partnership is expected to enhance RGA's earnings and operating income significantly over the next few years.

Financial Impact and Future Plans: The transaction, which will close in mid-2025 pending regulatory approval, is projected to generate around $70 million in adjusted operating income before taxes in 2025, increasing to between $160 million and $170 million in 2026, and stabilizing at about $200 million annually thereafter. Equitable also plans to repurchase $500 million in shares following the deal's completion.

RGA and Equitable Holdings Agreement: Reinsurance Group of America (RGA) has agreed to reinsure 75% of Equitable Holdings' in-force life insurance liabilities, involving approximately $18 billion in general account reserves and $14 billion in separate account reserves.

Financial Impact: RGA anticipates the transaction will generate about $70 million in adjusted operating income before taxes in 2025, increasing to an estimated $160 - $170 million in 2026.

Equitable Holdings' Tender Offer: Equitable Holdings, Inc. has initiated a cash tender offer to purchase up to 46 million units of AllianceBernstein Holding L.P. at $38.50 per unit, totaling approximately $1.8 billion, representing a 7.8% premium over the market price as of February 21, 2025.

Purpose and Conditions of the Offer: The offer aims to increase Equitable's stake in AllianceBernstein while providing liquidity to unitholders. It is set to expire on March 24, 2025, unless extended, and is not contingent on financing or a minimum number of units being tendered.