Voya Financial, Inc. (VOYA) Given Consensus Rating of “Buy” by Analysts
Voya Financial, Inc. (NYSE:VOYA) has earned an average rating of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.89.
A number of equities analysts recently commented on the stock. BidaskClub upgraded shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $46.00 target price (up previously from $44.00) on shares of Voya Financial 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. Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Voya Financial in a research report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective on the stock.
In related news, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the sale, the insider now owns 5,379 shares of the company’s stock, valued at $216,666.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.
A number of institutional investors have recently modified their holdings of VOYA. Teachers Advisors LLC raised its holdings in Voya Financial by 33.1% in the first quarter. Teachers Advisors LLC now owns 327,195 shares of the asset manager’s stock worth $12,420,000 after buying an additional 81,327 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Voya Financial in the first quarter worth about $423,000. Marshall Wace North America L.P. purchased a new position in Voya Financial in the first quarter worth about $423,000. Dimensional Fund Advisors LP raised its holdings in Voya Financial by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,019,396 shares of the asset manager’s stock worth $38,695,000 after buying an additional 59,580 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Voya Financial by 7.1% in the first quarter. Renaissance Technologies LLC now owns 490,800 shares of the asset manager’s stock worth $18,631,000 after buying an additional 32,500 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.
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Voya Financial (NYSE VOYA) opened at 40.68 on Friday. The stock’s 50 day moving average is $39.46 and its 200 day moving average is $37.75. Voya Financial has a one year low of $28.96 and a one year high of $42.96. The firm’s market capitalization is $7.31 billion.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.18). The business had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same quarter in the previous year, the business earned $0.79 EPS. On average, equities research analysts predict that Voya Financial will post $3.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s payout ratio is -1.04%.
Voya Financial Company Profile
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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