Goldman Sachs Says Buy Voya Financial, Assurant

In a report published Friday, Goldman Sachs analysts initiated coverage of American Life Insurance with a Neutral rating. Against the backdrop volatility from interest rates, currency headwinds and regulation limiting ROE growth, the analysts "favor capital deployment and diversification." The analysts advise to "buy capital returns stories," like Voya Financial Inc

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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(NYSE: VOYA) and Assurant, Inc. (NYSE: AIZ), both of which have been initiated with a Buy rating. In the report Goldman Sachs noted, "With the sector trading at 10x P/E and 1.0x BV (1.2x ex AOCI), we favor capital generation and less-restricted deployment to support earnings and valuation. We favor insurers growing earnings in capital-light businesses and using FCF to buy back stock."The analysts expect Voya Financial and Assurant to repurchase shares worth 20 percent of their market cap by 2017. "VOYA is in the midst of a multi-year turnaround that provides levers to improve ROE, while the firm still trades at 80% of book value (ex-AOCI). AIZ is down 5% over the past year despite limited macro exposure, due to concerns around losses in its ACA-related health business and slowing growth in its lender-placed insurance; our sum-of-the-parts analysis suggests 12% upside," the analysts added.The price target for Voya Financial is at $50 and the price target for Assurant is at $72.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: Analyst ColorInitiationAnalyst RatingsGoldman Sachs