VOYA Stock Trading at a Discount to Industry at 1.11X: Time to Buy?

Key Takeaways Voya's AllianzGI deal expanded asset management reach across diverse classes and markets.Core segments show high growth potential with capital-light business models.Higher policyholder benefits and operating costs pushed total expenses up 2.1% in Q2.Shares of  Voya Financial, Inc. (VOYA) are trading at a discount compared to the Zacks Life Insurance industry. Its price-to-book value of 1.11X is lower than the industry average of 1.63X, the Finance sector’s 4.23X and the Zacks S&P 500 Composite ...