Analysts Set Voya Financial, Inc. (NYSE:VOYA) PT at $86.50

Shares of Voya Financial, Inc. (NYSE:VOYA) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $85.67.

VOYA has been the topic of several recent research reports. Royal Bank of Canada dropped their target price on Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Bank of America reaffirmed a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Evercore ISI dropped their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their target price on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Finally, Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th.

Insider Buying and Selling

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Voya Financial

Institutional investors have recently modified their holdings of the stock. M&G Plc raised its stake in shares of Voya Financial by 18.6% during the 2nd quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after buying an additional 18,471 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after buying an additional 248,795 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock valued at $212,152,000 after buying an additional 38,438 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after acquiring an additional 20,788 shares during the period. Finally, FMR LLC grew its position in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after acquiring an additional 592,523 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.5 %

Shares of NYSE:VOYA opened at $69.83 on Wednesday. Voya Financial has a 52-week low of $63.11 and a 52-week high of $84.30. The stock has a market cap of $6.72 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.54 and a beta of 1.02. The business’s 50 day moving average is $80.41 and its 200 day moving average is $75.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 EPS. Sell-side analysts predict that Voya Financial will post 8.09 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.