Voya Financial, Inc. (VOYA) Receives Average Recommendation of “Buy” from Analysts
Voya Financial, Inc. (NYSE:VOYA) has received an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.11.
A number of research firms have commented on VOYA. BidaskClub raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. ValuEngine cut shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Voya Financial in a research report on Wednesday. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st.
In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the transaction, the insider now owns 5,379 shares of the company’s stock, valued at $216,666.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of VOYA. Toronto Dominion Bank raised its stake in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after acquiring an additional 199 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Voya Financial during the first quarter worth about $119,000. US Bancorp DE raised its stake in Voya Financial by 135.7% during the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock worth $176,000 after acquiring an additional 2,663 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in Voya Financial during the second quarter worth about $239,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Voya Financial during the second quarter worth about $254,000. 97.61% of the stock is owned by hedge funds and other institutional investors.
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Shares of Voya Financial (VOYA) opened at 36.52 on Friday. The firm has a 50-day moving average of $38.45 and a 200-day moving average of $37.77. Voya Financial has a one year low of $27.73 and a one year high of $42.96. The company’s market capitalization is $6.56 billion.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $318.84 million. During the same period last year, the firm earned $0.79 earnings per share. Equities research analysts expect that Voya Financial will post $3.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s payout ratio is -1.04%.
About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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