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Keeley Funds Comment on Air Lease Corp

Voya Financial ( VOYA ) also had a difficult quarter, dropping over 17% and detracting 53 basis points from the FundAAAs performance. The companyAAAs stock was hit hard by a significant earnings miss from lower-than-expected alternative investment income in the first quarter. Looking ahead, Voya expects continued improvement in ongoing operations, good capital management, and appropriate management of its closed block of business. While the 10-year Treasury yield falling below 1.50% is perceived to be a headwind for life insurance firms, the company is somewhat shielded from the pernicious effects of a low interest rate environment due to its fee-heavy retirement and asset management segments. We continue to believe that VOYA is inexpensive, trading at more than a 50% discount to intrinsic value.

VIAB 15-Year Financial Data

The intrinsic value of VIAB

Peter Lynch Chart of VIAB

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LAZ 15-Year Financial Data

The intrinsic value of LAZ

Peter Lynch Chart of LAZ

Warning! GuruFocus has detected 6 Warning Sign with SLCA. Click here to check it out.

SLCA 15-Year Financial Data

The intrinsic value of SLCA

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Warning! GuruFocus has detected 6 Warning Signs with NRG. Click here to check it out.

NRG 15-Year Financial Data

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Warning! GuruFocus has detected 3 Warning Sign with VOYA. Click here to check it out.

VOYA 15-Year Financial Data

The intrinsic value of VOYA

Peter Lynch Chart of VOYA

From Keeley Funds' All Cap Value Fund second quarter commentary .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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