ING. U.S. (VOYA +1.3%) is reiterated a Buy with $31 price target at BTIG following earnings....
ING. U.S. (VOYA +1.3%) is reiterated a Buy with $31 price target at BTIG following earnings. Analyst Mark Palmer holds that retirement services and asset management - not life insurance - are VOYA's dominant businesses (they command a higher multiple) and he's impressed 76% (vs. his modeled 70%) of adjusted operating earnings came from those units. ROE was up 120 bps to 9.5%, ahead of a 110 bp management goal.
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