Analysts Set Voya Financial, Inc. (VOYA) PT at $36.55
Voya Financial, Inc. (NYSE:VOYA) has received an average rating of “Hold” from the fourteen research firms that are covering the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.55.
A number of analysts have weighed in on the stock. TheStreet downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. J P Morgan Chase & Co downgraded shares of Voya Financial from a “neutral” rating to an “underweight” rating and increased their target price for the company from $38.00 to $39.00 in a research report on Tuesday, January 3rd. RBC Capital Markets downgraded shares of Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 target price for the company. in a research report on Wednesday, November 9th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on shares of Voya Financial in a research report on Friday, October 7th. They set an “outperform” rating and a $39.00 target price for the company. Finally, BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of Voya Financial in a research report on Wednesday, October 26th.
Voya Financial (NYSE:VOYA) opened at 40.54 on Monday. Voya Financial has a 52 week low of $22.75 and a 52 week high of $41.17. The firm has a 50-day moving average of $39.75 and a 200-day moving average of $31.66. The company’s market cap is $7.89 billion.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.29. Voya Financial had a positive return on equity of 3.37% and a negative net margin of 0.02%. The company earned $160.40 million during the quarter, compared to the consensus estimate of $306.80 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Equities analysts forecast that Voya Financial will post $2.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Wednesday, November 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Monday, November 28th. Voya Financial’s dividend payout ratio is currently -400.00%.
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In other Voya Financial news, insider Nancy Ferrara sold 1,395 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $35.67, for a total transaction of $49,759.65. Following the transaction, the insider now directly owns 17,915 shares in the company, valued at approximately $639,028.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of VOYA. Pacer Advisors Inc. boosted its position in shares of 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 during the period. MU Investments Co. Ltd. acquired a new stake in shares of Voya Financial during the third quarter valued at about $105,000. FNY Managed Accounts LLC raised its stake in shares of Voya Financial by 362.4% in the third quarter. FNY Managed Accounts LLC now owns 3,750 shares of the company’s stock valued at $108,000 after buying an additional 2,939 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Voya Financial during the second quarter valued at about $132,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Voya Financial by 728.5% in the third quarter. Tower Research Capital LLC TRC now owns 5,261 shares of the company’s stock valued at $152,000 after buying an additional 4,626 shares in the last quarter. Institutional investors and hedge funds own 97.49% of the company’s stock.
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.
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