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    Mick Anita

    Vice President and Equity Research Analyst at Wells Fargo

    Mick Anita is a Vice President and Equity Research Analyst at Wells Fargo, specializing in coverage of software and financial technology companies. He provides investment insights and analysis on firms such as PayPal, Square, and Intuit, with a consistent record of high conviction calls that have outperformed sector benchmarks on platforms like TipRanks, where he holds a success rate of over 60% and an average annualized return near 13%. Mick began his professional career in financial analysis in 2012, previously serving in analytical roles at Citigroup and Raymond James before joining Wells Fargo in 2018. He holds FINRA Series 7 and 63 licenses and is recognized for his rigorous sector research and thoughtful investment recommendations.

    Mick Anita's questions to Equitable Holdings (EQH) leadership

    Mick Anita's questions to Equitable Holdings (EQH) leadership • Q3 2024

    Question

    Mick Anita questioned the company's plan for its strong capital buffer, which has been elevated for two years, asking what would trigger a reduction. He also asked about the pickup in total surrenders within the Individual Retirement segment during the quarter.

    Answer

    CFO Robin Raju explained that the strong capital position supports growth initiatives while maintaining the 60-70% payout ratio. He noted the current $2 billion cash balance is temporarily elevated and will be reduced toward target levels over time in a disciplined manner. Regarding surrenders, he stated that a modest increase is normal in the current rate environment and not a cause for concern, highlighting the segment's positive $1.9 billion net flows.

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