Voya Financial (NYSE:VOYA) Shares Gap Down After Earnings Miss

Voya Financial, Inc. (NYSE:VOYA)’s share price gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $75.52, but opened at $68.75. Voya Financial shares last traded at $69.7150, with a volume of 162,337 shares.

The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s payout ratio is 29.89%.

Key Stories Impacting Voya Financial

Here are the key news stories impacting Voya Financial this week:

• Positive Sentiment: Management flagged record cash generation, additional margin expansion and a $150 million share buyback program for 2026 — supportive for earnings per share and capital returns. Voya signals further margin expansion and $150M buybacks
• Positive Sentiment: Voya reported a revenue beat for Q4 (helping top-line momentum) as fee and investment income improved, which offsets some concerns from the EPS miss. Voya Financial’s (NYSE:VOYA) Q4 CY2025: Beats On Revenue
• Positive Sentiment: Industry survey results show target-date funds (a key Voya product) are boosting retirement confidence — an encouraging signal for future flows into workplace retirement products. Target-Date Funds Help Boost Retirement Confidence, Voya Survey Shows
• Positive Sentiment: PlanAdviser coverage similarly highlights that TDFs are increasing participant confidence — positive for Voya’s retirement asset base and fee revenue over time. TDFs Increase Retirement Confidence
• Neutral Sentiment: Full Q4 earnings call transcript is available — useful for investors who want management’s detailed commentary on capital deployment, expenses and assumptions behind guidance. Voya Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Management presentation/slides for the Q4 results posted — contains segment detail, capital framework and analytics for investors doing deeper modeling. Voya 2025 Q4 Results Presentation
• Neutral Sentiment: Benzinga and other earn‑out overviews summarize the quarter and highlight areas management emphasized; useful quick reads but not new facts beyond the release. Voya Financial Earnings Report: Q4 Overview
• Neutral Sentiment: Zacks provides a metrics comparison vs. estimates and prior year — shows revenue growth but highlights expense pressures that matter for margin modeling. Voya Q4 Earnings Miss Estimates, Revenues Rise Y/Y
• Negative Sentiment: Market reaction emphasized an EPS miss for Q4 (actual EPS below consensus), which pressured the stock despite the revenue beat and buyback plan. Voya falls as Q4 earnings miss overshadows revenue beat
• Negative Sentiment: Analysts and commentary flagged uncertainty from stop‑loss and certain insurance exposures that could limit near-term margin visibility — a driver of investor caution. Voya Q4 deep dive: Margin gains and stop-loss uncertainty
• Negative Sentiment: Headline aggregators flagged the stock among several financial names that plunged on the day — amplifying downside through momentum and sector risk. Voya Financial, NerdWallet, SoFi, Sezzle, and Dave Shares Plummet
• Negative Sentiment: Early coverage emphasized that rising expenses and some lower premiums weighed on fourth‑quarter net income and EPS comparisons. Voya Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Voya Financial from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Morgan Stanley reissued an “overweight” rating on shares of Voya Financial in a research note on Thursday, January 22nd. Evercore ISI decreased their price objective on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $86.56.

Hedge Funds Weigh In On Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in Voya Financial by 3.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock worth $199,140,000 after acquiring an additional 88,151 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Voya Financial by 10.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 230,930 shares of the asset manager’s stock valued at $16,396,000 after purchasing an additional 21,186 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Voya Financial in the 3rd quarter valued at $1,310,000. Davis Capital Management purchased a new stake in Voya Financial during the third quarter worth $1,484,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Voya Financial by 148.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,883 shares of the asset manager’s stock worth $11,361,000 after buying an additional 90,764 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Trading Down 0.7%

The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $74.83 and its 200 day moving average is $73.88. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.46 and a beta of 0.89.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.