Voya Financial, Inc. (NYSE:VOYA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Voya Financial, Inc. (NYSE:VOYA) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $84.91.

VOYA has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday. Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their price target on shares of Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Finally, Raymond James cut shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th.

Insiders Place Their Bets

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Voya Financial

Several hedge funds have recently made changes to their positions in VOYA. V Square Quantitative Management LLC acquired a new position in Voya Financial during the third quarter worth $29,000. UMB Bank n.a. lifted its position in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares in the last quarter. Quarry LP acquired a new position in shares of Voya Financial during the 2nd quarter worth about $61,000. Blue Trust Inc. grew its holdings in shares of Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Voya Financial in the third quarter valued at about $79,000. 96.10% of the stock is owned by institutional investors.

Voya Financial Stock Down 0.3 %

Shares of NYSE:VOYA opened at $68.35 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.58 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.54 and a beta of 1.05. Voya Financial has a 12 month low of $63.11 and a 12 month high of $84.30. The company’s 50-day moving average price is $75.82 and its two-hundred day moving average price is $74.39.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. Voya Financial’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Voya Financial will post 8.09 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.63%. Voya Financial’s dividend payout ratio is presently 28.66%.

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.