J.P. Morgan analyst Jimmy Bhullar maintains $Equitable (EQH.US)$ with a hold rating, and adjusts the target price from $45 to $53.
According to TipRanks data, the analyst has a success rate of 57.7% and a total average return of 7.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Equitable (EQH.US)$'s main analysts recently are as follows:
The long-term fundamental outlook for the life insurance sector is generally negative, yet there's a bullish outlook in the near-term context. The favorable macro environment, robust balance sheets of insurers, and the potential for share buybacks, coupled with current valuations, should enable life insurance stocks to continue outperforming. The primary risk to this positive stance is seen in the potential deterioration of corporate credit.
Looking into the future of the insurance industry towards 2025, there is a stronger expectation for life insurers due to improved free cash flow, the advantages of higher interest rates, considerable excess capital positions, robust group benefits earnings, and opportunities for further reinsurance and merger activities. Conversely, while the property and casualty segment has shown to be of high quality over the long term, current challenges in the underwriting cycle for property coverage and ongoing risks in casualty loss costs could hinder more positive developments, leading to a cautious approach in stock selection.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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