VOYA
Voya Financial (NYSE: VOYA) is under fresh activist pressure as Toms Capital Investment Management pushes...
Article Summary
BUY- Voya Financial (NYSE: VOYA) is under fresh activist pressure as Toms Capital Investment Management pushes the insurer to consider strategic options, including a possible sale.
- The activist argued that Voya Financial is a strong franchise trading at a discount that it described as historically unusual and self-inflicted, with Voya at an inflection point and criticized the board for not taking action sooner.
- Voya reported a 23% year-over-year increase in net income to $165 million for the quarter ended March 31, with shares rising 0.7% to $81.81 in New York trading Monday, giving the company a market value of about $7.4 billion while the stock has gained 24% over the past year.
- Toms pointed to Voya's retirement and investment management businesses as bright spots, saying both have grown net assets and outperformed peers, but the activist also took aim at Voya's Benefitfocus acquisition calling it ill-fated, while saying multiple asset managers with active M&A appetite may fit naturally as potential buyers.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 3.6% | 25% | 20.0 ptsMinimal (3.6%) - Very weak |
| EPS Growth Next 5Y ? | 12.2% | 25% | 35.0 ptsBelow Screener (12.2%) - Modest outlook |
| Target Price Upside ? | 9.4% | 20% | 35.0 ptsBelow Screener (9.4%) - Target: $89.27 vs Current: $81.57 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -2.9% | 15% | 20.0 ptsBarely a Dip (-2.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About VOYA
- Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally.
- The company operates through three segments: Retirement, Investment Management and Employee Benefits.
- The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.
- This segment also provides wealth management services, such as individual retirement, managed, and brokerage accounts, as well as financial guidance and advisory services.
- This segment serves corporate, public and private school systems, higher education institutions, hospitals and healthcare facilities, other non-profit organizations, and state and local governments, as well as institutional clients and individual customers.
- The Employee Benefits segment offers various insurance products comprising stop loss, group life, group disability, whole and term life, critical illness, accident, and hospital indemnity insurance.
- This segment also provides worksite employee benefits, health account solutions, leave management, benefits administration, health plan enrollment, financial wellness, and decision support products and services to mid-size and large corporate employers and professional associations.
- The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors, financial intermediaries, and institutional clients through its direct sales force, consultant channel, intermediary partners, banks, broker-dealers, and independent financial advisers.
- The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014.
- Voya Financial, Inc. was founded in 1975 and is based in New York, New York.