LowIQinvestor Posted September 19, 2013 Share Posted September 19, 2013 Ok, so I stole this idea from Tim Mcelvaine and wanted to see if anyone has any additional insight? Company Overview: ING U.S., which plans to rebrand in the future as Voya Financial, is a premier retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. Our vision is to be America’s Retirement Company and our guiding principle is centered on solving the most daunting financial challenge facing Americans today — retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, ING U.S. provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 7,000 employees, ING U.S. is grounded in a clear mission to make a secure financial future possible — one person, one family and one institution at a time. Key facts about ING U.S.: A top-ranked retirement plan provider More than $460 billion of assets under management and administration 75 percent of mutual fund assets beat their five-year Morningstar average A top 10 independent broker-dealer Top 5 term life insurance and stop-loss insurance provider in the industry ING U.S. serves approximately 13 million customers ING U.S. employs approximately 7,000 people Spinoff from ING Group, valued at a 40% discount to book value, just announced a potential public offering of ING U.S. (VOYA) common stock currently held by ING Group. Stock has recently fallen after announced offering. See Tim's brief comments on VOYA: http://mcelvaine.com/wp-content/uploads/2010/03/2013-We-are-here-30Jun2013.pdf Link to comment Share on other sites More sharing options...
oddballstocks Posted September 19, 2013 Share Posted September 19, 2013 Didn't this happen a while back? It looks like it's up about 50% since the spin, I remember it being written up in Barrons at the time. Link to comment Share on other sites More sharing options...
Guest Dazel Posted September 19, 2013 Share Posted September 19, 2013 David Einhorn has made a lot of money here as well. Link to comment Share on other sites More sharing options...
LowIQinvestor Posted September 19, 2013 Author Share Posted September 19, 2013 Yes, it is up around 38% since the spinoff around 5 months ago. But is is still trading at a significant discount to book value. Could still be a good opportunity... Link to comment Share on other sites More sharing options...
LowIQinvestor Posted November 6, 2013 Author Share Posted November 6, 2013 http://finance.yahoo.com/news/ing-u-announces-third-quarter-105000378.html Book value per share (excluding AOCI) of $41.49 Link to comment Share on other sites More sharing options...
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