Voya Financial (NYSE:VOYA) Announces Quarterly Earnings Results, Misses Estimates By $0.65 EPS

Voya Financial (NYSE:VOYA) posted its earnings results on Tuesday. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65), Zacks reports. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%.

Voya Financial Trading Down 0.9 %

Shares of NYSE VOYA traded down $0.64 during mid-day trading on Tuesday, reaching $68.28. 1,444,155 shares of the company’s stock were exchanged, compared to its average volume of 750,920. The company’s 50-day moving average is $71.74 and its 200-day moving average is $74.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial has a 52-week low of $63.11 and a 52-week high of $84.30.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.64%. Voya Financial’s payout ratio is 28.66%.

Wall Street Analyst Weigh In

VOYA has been the subject of a number of analyst reports. Piper Sandler reduced their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada dropped their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays dropped their target price on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Bank of America reaffirmed a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods reduced their target price on Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.27.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

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.