Voya Financial, Inc. (NYSE:VOYA) Receives $85.08 Average Target Price from Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $84.73.

A number of brokerages have issued reports on VOYA. Barclays decreased their price target on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. UBS Group raised Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their price target on Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods cut their price objective on Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Voya Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in Voya Financial during the 3rd quarter worth approximately $29,000. UMB Bank n.a. increased its holdings in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the last quarter. Blue Trust Inc. increased its holdings in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the last quarter. Quarry LP purchased a new stake in Voya Financial during the 2nd quarter worth approximately $61,000. Finally, Brooklyn Investment Group purchased a new stake in Voya Financial during the 3rd quarter worth approximately $79,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Trading Down 2.9 %

Shares of VOYA stock opened at $66.39 on Friday. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The stock has a market cap of $6.39 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.54 and a beta of 1.05. The business has a fifty day simple moving average of $75.31 and a 200-day simple moving average of $74.29. 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 issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $2.07 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Voya Financial will post 8.09 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. Voya Financial’s payout ratio is currently 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.