Stock analysts at Wells Fargo & Co. assumed coverage on shares of Voya Financial Inc. (NYSE:VOYA) in a research note issued on Thursday. The brokerage set a “market perform” rating on the stock.

A number of other brokerages have also recently weighed in on VOYA. Zacks Investment Research raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Goldman Sachs Group Inc. cut shares of Voya Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $39.00 to $29.00 in a research report on Friday, July 15th. Deutsche Bank AG reduced their price target on shares of Voya Financial from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. TheStreet cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Citigroup Inc. reduced their price target on shares of Voya Financial from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.73.

Voya Financial (NYSE:VOYA) traded down 0.27% during midday trading on Thursday, hitting $29.04. The stock had a trading volume of 1,136,479 shares. The stock has a 50 day moving average of $28.51 and a 200 day moving average of $29.19. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 21.56 and a beta of 1.55. Voya Financial has a 12 month low of $22.75 and a 12 month high of $42.45.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Voya Financial had a net margin of 2.88% and a return on equity of 3.44%. During the same period in the previous year, the firm earned $0.78 earnings per share. Analysts expect that Voya Financial will post $3.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.04 annualized dividend and a yield of 0.14%. Voya Financial’s dividend payout ratio is currently 2.86%.

A number of hedge funds and other institutional investors have recently bought and sold shares of VOYA. Pacer Advisors Inc. boosted its position in Voya Financial by 8.0% in the second quarter. Pacer Advisors Inc. now owns 4,127 shares of the company’s stock valued at $102,000 after buying an additional 306 shares in the last quarter. M&T Bank Corp boosted its position in Voya Financial by 3.8% in the second quarter. M&T Bank Corp now owns 11,026 shares of the company’s stock valued at $273,000 after buying an additional 406 shares in the last quarter. Aviva PLC boosted its position in Voya Financial by 0.4% in the first quarter. Aviva PLC now owns 109,817 shares of the company’s stock valued at $3,269,000 after buying an additional 443 shares in the last quarter. Howard Hughes Medical Institute boosted its position in Voya Financial by 3.7% in the first quarter. Howard Hughes Medical Institute now owns 23,264 shares of the company’s stock valued at $693,000 after buying an additional 823 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Voya Financial by 3.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 27,900 shares of the company’s stock valued at $691,000 after buying an additional 900 shares in the last quarter. 96.83% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Company Profile

Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.

5 Day Chart for NYSE:VOYA

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