Voya Financial Inc. (VOYA) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, VOYA scores 78 out of 100 (grade B+, labeled "Roarable Buy — Very Good Cash & Smart-Money Inflow"). The five pillars are:

• Fundamental Cash Engine (18 / 20): Per the Roarable RQD rating, ROIC is 85% and FCF yield is 13.31%. For an investor, these are the strongest inputs in the score, suggesting the business converts capital into cash at a high rate relative to its equity base. Upside drivers would be sustained cash generation; the tradeoff is that high FCF yield figures depend on the source's calculation and should be verified against filings.
• Whale 13F Flow (14 / 20): Per the Roarable RQD rating, this pillar reflects institutional accumulation and options positioning. The score is moderate. Source data for holder-level detail is not available, so the basis for this pillar cannot be independently traced in this dossier.
• Insider Conviction (18 / 20): Per the Roarable RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow. The score is high, but the underlying trade-level records are not included in the source data.
• Macro Regime Fit (13 / 20): Per the Roarable RQD rating, beta is 0.91 and the score reflects sector sensitivity. A beta below 1 implies lower-than-market price sensitivity historically, which may appeal to investors seeking lower volatility, though it does not guarantee future behavior.
• Forensic Balance Sheet (15 / 20): Per the Roarable RQD rating, Altman Z is 2.5, Piotroski F is 8 of 9, and Debt/Equity is 0.5. These point to a reasonably sound balance sheet on the reported metrics, with the Piotroski reading being a notable strength.

Investor implications: The composite suggests strong cash metrics and forensic health, with valuation (P/E TTM 13.6, forward P/E 12.6) appearing modest relative to the cash-based metrics. Valuation tradeoffs include the fact that low multiples can reflect market concerns that the source data does not explain. The news flow includes a proxy-fight headline, which introduces governance uncertainty not captured in the numeric pillars. This is an analytical framework, not personalized advice.

Per the SEC financials, revenue grew from $1939.0M (FY 2023) to $2255.0M (FY 2025), while net income moved from $625.0M to $654.0M, with FY 2024 at $667.0M. Per the market data, operating margin is 46%, net margin is 29%, and ROIC is 85%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 8 of 9. Reported debt moved from $1147.2M (FY 2023) to $2103.0M (FY 2024) and $1518.0M (FY 2025); Debt/Equity is 0.5 per the RQD forensic pillar. Cash figures and EPS for the periods are not available in source data.

Per the recent news section, six headlines were captured:

• Proxy-fight and governance: Two headlines reference a TOMS Capital proxy fight and a board "no confidence" push, both flagged YELLOW (market wire). These are governance risk watch items; the source does not detail outcomes.
• Analyst sentiment: A Benzinga headline references an analyst no longer being bullish, flagged GREEN (catalyst) in the feed. The source does not identify the firm or the rating change.
• Retirement/AI product: A Stock Titan headline describes AI tools helping customers move from retirement guidance to action (YELLOW, market wire).
• Valuation commentary: A Yahoo Finance headline references a "2 Reasons to Sell" argument (YELLOW).
• Dividend action: A Yahoo Finance headline reports an increase in the common dividend and a preferred stock dividend declaration (YELLOW).

Per the Butterfly Supply-Chain Graph, sector is Financials, industry is Life Insurance, supply chain is NONE, with no butterfly links and no proprietary signals.

• What is the outcome and timing of the TOMS Capital proxy fight, and how would board changes affect strategy and capital allocation?
• Why did reported debt rise from $1147.2M (FY 2023) to $2103.0M (FY 2024) before falling to $1518.0M (FY 2025), and what drove the swings?
• What are the cash balance and EPS for each reported period, which the source lists as N/A?
• Which institutions and insiders drove the 13F and Form 4 pillar scores, and at what sizes and dates?
• What business lines generate the revenue and operating income, and how sensitive are they to interest rates and retirement-market flows?