Last $36.93 USD
Change Today +0.04 / 0.11%
Volume 328.4K
As of 2:29 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

230 Park Avenue

New York, NY 10169

United States

Phone: 212-309-8200

Fax:

l Retirement Plans are distributed nationally through multiple unaffiliated channels or via affiliated distribution, including direct sales teams. The company offers localized support to these groups and their clients during and after the sales process, a selection of investment options and flexibility of choice and top-tier fiduciary solutions to help their clients meet or exceed plan guidelines and responsibilities. Unaffiliated Distribution Independent Representatives: The company is working with approximately 7,000 sales agents who primarily sell fixed annuity products from multiple vendors in the education market. Independent Producers: Approximately 12,000 wirehouse and independent producers (as of December 31, 2013) are the primary distributors of the company’s small-mid corporate market products, but they also distribute products to the education, healthcare and government markets. Third-Party Administrators (TPAs): As of December 31, 2013, approximately 1,300 TPAs are selling and/or service partners for the company’s small-mid corporate markets business, working with various vendors. Affiliated Distribution Affiliated Representatives: As of December 31, 2013, the company had approximately 2,400 affiliated representatives. These representatives support sales of products for the Retirement segment, as well as other segments, with a subset that are primarily focused on driving new and existing sales in education, healthcare and government market plans (full service) through increasing enrollments for existing plans, educating existing participants and selling new plans. Direct Sold by Field Force: While the company typically relies on third-party distribution partners for the majority of sales for its Institutional Retirement Plans business, its wholesale team also interacts directly with plan sponsors in the education, healthcare and government markets. Direct Sold by Large Corporate Market or Stable Value Sales Teams: The company has sales teams that work directly with large plan corporate market and stable value clients. In the large corporate market and for its stable value products, the majority of its direct interaction occurs with approximately 20 different consulting firms as of December 31, 2013. Some of these firms are also utilized in the Tax Exempt Market. Seasonality The company typically experience seasonality in its Retirement segment results. The first quarters (year ended December 31, 2013) tend to have the highest level of recurring deposits in Corporate Markets as participant contributions increase from the receipt of annual bonus award payments or annual lump sum matches and profit sharing contributions made by many employers. The fourth quarters tend to have the highest level of single/transfer deposits due to new Corporate Market plan sales as sponsors transfer from other providers when contracts expire at the fiscal or calendar year-end. Individual Markets Products and Services The company’s investment solutions include advisory programs, mutual fund custodial IRAs, fixed annuities and brokerage accounts. The primary focus of its Retirement segment is to serve over five million defined contribution plan participants (as of December 31, 2013). Through its range of advisory programs, the company’s financial advisers have access to a set of solutions for its customers for building investment portfolios, including stocks, bonds and mutual funds, as well as managed accounts. Markets and Advisory Services Individual Markets advisory services and product solutions are primarily sold through the company’s affiliated distribution group of approximately 2,400 representatives, as well as online via Websites. The affiliated representatives help provide cohesiveness between its Institutional Retirement Plans and Individual Markets businesses and they are grouped into two primary categories: affiliated field-based representatives and home office phone-based representatives. Affiliated field-based representatives are registered sales and investment advisory representatives in the company’s retail broker dealer that drive both fee-based and commissioned sales. T

 

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Industry Analysis

VOYA

Industry Average

Valuation VOYA Industry Range
Price/Earnings 9.0x
Price/Sales 1.0x
Price/Book 0.7x
Price/Cash Flow 8.8x
TEV/Sales NM Not Meaningful
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