VOYA
TOMS Capital Investment Management wrote to Voya Financial's board criticising directors for what it...
Article Summary
SELL- TOMS Capital Investment Management wrote to Voya Financial's board criticising directors for what it described as a failure to oversee management and address Voya Financial's persistent underperformance' The investor, identified as one of Voya's largest shareholders, called on the board to begin a formal assessment of options including a possible sale of Voya Financial, with TOMS calling on board to act with urgency as Voya is at an inflection point, with retirement and investment management businesses together representing around 89% of 2025 adjusted operating earnings, excluding corporate.
- Voya's investment management arm has exceeded peers or benchmarks on 78% of assets over three-year period and 82% over ten years, with nearly ten million accounts across 45,000 employers and more than $1tn in client assets under administration, according to the letter.
- The company has provided less detail on Benefitfocus purchase since $570m purchase at start of Heather Lavallee's period as CEO, while other companies in sector have taken write-downs on comparable assets.
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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.