Voya Financial, Inc. (VOYA) To Go Ex-Dividend on November 26th

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Thursday, October 31st,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 26th will be given a dividend of 0.45 per share by the asset manager on Thursday, December 26th. This represents a $1.80 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, November 26th.

Voya Financial has raised its dividend payment by an average of 26.0% per year over the last three years. Voya Financial has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Voya Financial to earn $9.91 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 18.2%.

Voya Financial Trading Up 1.2 %

VOYA opened at $81.68 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $7.86 billion, a PE ratio of 13.01, a PEG ratio of 0.58 and a beta of 1.03. Voya Financial has a 1-year low of $63.11 and a 1-year high of $84.30. The firm has a 50-day moving average price of $80.06 and a two-hundred day moving average price of $74.49.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 EPS. As a group, equities analysts anticipate that Voya Financial will post 8.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VOYA shares. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research note on Thursday, October 3rd. Barclays raised their target price on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Evercore ISI raised their target price on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company raised their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.00.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.