Voya Financial
Today it was announced that TIAA was buying Everbank (EVER) for $19.50 per share.  Everbank is a very average bank with lower returns on equity than the big banks.  As of the 2nd quarter 2016, Everbank’s tangible book value per share was $13.24 meaning that TIAA is paying right around 1.5 times tangible book.  Because...
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Here is Tim Travis’ research report on Voya Financial (VOYA) on Jul 10th 2013.   http://seekingalpha.com/article/1542132-ing-us-unloved-underappreciated-and-undervalued
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