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

Voya Financial, Inc. (NYSE:VOYA) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $91.7273.

Several research firms recently weighed in on VOYA. Wells Fargo & Company lifted their price target on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. UBS Group lifted their price target on Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. dropped their price target on Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the sale, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On Voya Financial

Several hedge funds have recently added to or reduced their stakes in the stock. Amundi boosted its holdings in Voya Financial by 811.1% in the first quarter. Amundi now owns 44,983 shares of the asset manager’s stock worth $3,073,000 after acquiring an additional 40,046 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Voya Financial by 24.8% in the first quarter. California State Teachers Retirement System now owns 113,207 shares of the asset manager’s stock worth $7,734,000 after acquiring an additional 22,484 shares in the last quarter. Empowered Funds LLC boosted its holdings in Voya Financial by 12.8% in the first quarter. Empowered Funds LLC now owns 48,204 shares of the asset manager’s stock worth $3,293,000 after acquiring an additional 5,458 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Voya Financial by 6.8% in the first quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after acquiring an additional 15,186 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Voya Financial by 13.4% in the first quarter. Epoch Investment Partners Inc. now owns 189,949 shares of the asset manager’s stock worth $12,977,000 after acquiring an additional 22,439 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Trading Up 0.5%

NYSE VOYA opened at $91.39 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial has a twelve month low of $64.50 and a twelve month high of $92.00. The firm has a market capitalization of $8.29 billion, a PE ratio of 13.80, a P/E/G ratio of 0.83 and a beta of 0.92. The stock’s 50 day moving average is $79.36 and its 200 day moving average is $74.97.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $2.00 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Voya Financial will post 9.6 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s payout ratio is 28.40%.

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.