Equitable Holdings, Inc. - EQH STOCK NEWS

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share on common stock, payable on August 20, 2021, to shareholders on record by August 13, 2021. Additionally, the Board announced dividends for Series A and Series C preferred stock, set at $328.125 and $268.750 per share respectively, each payable on September 15, 2021, to holders of record on September 3, 2021. As of March 31, 2021, Equitable manages approximately $822 billion in assets with over 5 million client relationships worldwide.

Equitable Holdings, Inc. (NYSE: EQH) announced its commitment to responsible investing by becoming a signatory to the UN-supported Principles for Responsible Investment (PRI). This affiliation aims to enhance ESG incorporation in investment strategies. Equitable's investment management firm, AllianceBernstein, has been a PRI signatory since 2011. This move aligns with Equitable’s recent $500 million sustainable financing offering and reinforces its dedication to stakeholders. PRI CEO Fiona Reynolds welcomed Equitable's commitment, highlighting the importance of insurance sector engagement in sustainable investing.

Equitable Holdings, Inc. (NYSE: EQH) plans to release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call to discuss these results is scheduled for August 5, 2021, at 8:00 a.m. ET. Investors can access the earnings materials on the company's investor relations website. Equitable Holdings, founded in 1859, is a financial services holding company with approximately 12,000 employees, $822 billion in assets under management, and over 5 million client relationships worldwide.

Equitable Holdings, Inc. (NYSE:EQH) has successfully completed a $500 million sustainable financing issuance through funding agreement-backed notes (FABN). The strong participation from sustainable bond investors, with approximately 50% allocation to ESG-focused investors, highlights the demand for such financing. Proceeds will support green and social projects aligning with the company’s sustainability goals, including climate action and affordable energy. The issuance adheres to Green Bond and Social Bond Principles and received a Second Party Opinion verifying its environmental and social benefits.

Equitable, a top financial services provider and part of Equitable Holdings, Inc. (NYSE: EQH), has appointed Hector Martinez as the new Head of its Life Insurance business. Reporting to President Nick Lane, Martinez will manage the strategy and operations of the life insurance product line. With over 20 years of experience, including leadership roles in business restructuring, he aims to enhance sales and distribution processes. The life insurance portfolio targets small to medium enterprises and includes products like Variable Universal Life and Indexed Universal Life.

Equitable (NYSE: EQH) has enhanced its group retirement plans for small-to-medium sized businesses by introducing customized managed accounts and cash balance plans. These additions aim to support business owners and their employees in tailoring investment portfolios and accelerating retirement savings. Despite the challenges posed by the COVID-19 pandemic, research indicates that most small business owners prioritize retirement savings. The new managed accounts are facilitated by Stadion Money Management, aiming to deliver personalized investment strategies.

Equitable announced the 2021 recipients of the Equitable Excellence Scholarship, recognizing 369 students from across the U.S., D.C., and Puerto Rico for their academic excellence and community leadership. The initiative awarded over $1.8 million, bringing the total to more than $30 million since its inception in 2003, benefiting over 7,000 students. The program aligns with Equitable's mission to enhance social mobility and financial success through education, reflecting the resilience of students during challenging times.

Equitable Holdings (NYSE: EQH) announced that CFO Robin Raju will participate in a fireside chat at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on June 15, 2021, at 8:45 a.m. ET. Investors can listen to the live audio webcast on the Equitable Holdings Investor Relations website, available 15 minutes before the event. A replay will be posted shortly after the session concludes. Established in 1859, Equitable Holdings manages $822 billion in assets and serves over 5 million clients globally.

Venerable Holdings has successfully acquired Corporate Solutions Life Reinsurance Company from Equitable Holdings (NYSE: EQH), enhancing its assets under management to approximately $70 billion. The deal includes reinsurance of a legacy variable annuity block worth $36.5 billion, effectively doubling Venerable's general account assets from $9 billion to $19 billion. Equitable Holdings will hold a 9.09% equity stake in Venerable's parent company, VA Capital Company LLC. This acquisition aims to optimize liquidity and operational efficiencies, showcasing Venerable's capability in managing variable annuity liabilities.