Voya Financial (NYSE:VOYA) Earning Somewhat Positive News Coverage, Study Finds
Media stories about Voya Financial (NYSE:VOYA) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Voya Financial earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.1987279730254 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Voya Financial Inc (finance.yahoo.com)
- IHS Markit Score downgrades Voya Financial Inc to 23 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Voya Financial, Inc. (VOYA) Position Up in Latest Report from Norges Bank Last Quarter (highlightpress.com)
- Voya Financial, Inc. (NYSE:VOYA) Stock Traded 4.6% Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Voya Investment Management Reduces Fees on its Large-Cap Growth Fund (finance.yahoo.com)
Voya Financial (NYSE VOYA) traded down 0.28% during mid-day trading on Friday, hitting $38.56. 1,041,571 shares of the stock traded hands. Voya Financial has a 52 week low of $27.47 and a 52 week high of $42.96. The firm’s market cap is $6.93 billion. The firm’s 50-day moving average price is $38.09 and its 200-day moving average price is $38.20.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. The company had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, equities analysts forecast that Voya Financial will post $3.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s dividend payout ratio is -1.04%.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 price target (up previously from $44.00) on shares of Voya Financial in a research report on Wednesday. ValuEngine lowered shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Citigroup Inc. set a $51.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.11.
In related news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the transaction, the insider now directly owns 5,379 shares in the company, valued at approximately $216,666.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael S. Smith acquired 5,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average price of $35.24 per share, with a total value of $176,200.00. Following the completion of the transaction, the insider now owns 69,142 shares in the company, valued at $2,436,564.08. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Voya Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.