Voya Financial (NYSE:VOYA)‘s stock had its “buy” rating restated by equities research analysts at Wells Fargo & Company in a research report issued on Friday.

The analysts wrote, “We believe Athene could potentially reinsure the portion of fixed annuities that could be acquired by Apollo, structured in a manner that keeps the current Bermuda tax carveĀ­out post tax reform.””

Several other research firms also recently commented on VOYA. Sandler O’Neill upgraded Voya Financial from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and set a $50.00 price target on shares of Voya Financial in a research note on Thursday, November 2nd. BidaskClub downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group assumed coverage on Voya Financial in a research note on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Voya Financial currently has an average rating of “Buy” and an average target price of $47.70.

Voya Financial (NYSE:VOYA) traded down $0.41 during midday trading on Friday, reaching $44.16. The company had a trading volume of 1,678,400 shares, compared to its average volume of 1,516,391. Voya Financial has a 52 week low of $33.53 and a 52 week high of $45.75. The company has a market cap of $8,011.32, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The business had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. During the same quarter in the previous year, the business posted ($1.24) earnings per share. equities research analysts anticipate that Voya Financial will post 3 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of Voya Financial by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 20,110 shares of the asset manager’s stock valued at $742,000 after buying an additional 63 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Voya Financial by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 20,291 shares of the asset manager’s stock valued at $748,000 after buying an additional 176 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Voya Financial by 7.9% during the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after buying an additional 199 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Voya Financial by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after buying an additional 321 shares in the last quarter. Finally, BKS Advisors LLC lifted its position in shares of Voya Financial by 2.9% during the 2nd quarter. BKS Advisors LLC now owns 14,265 shares of the asset manager’s stock valued at $526,000 after buying an additional 400 shares in the last quarter. 96.91% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Voya Financial (NYSE:VOYA)

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