Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Rating of “Moderate Buy” from Analysts

Voya Financial, Inc. (NYSE:VOYA) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $86.50.

VOYA has been the subject of several recent research reports. Morgan Stanley reduced their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. downgraded Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research report on Thursday, October 3rd. Piper Sandler increased their price target on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group raised Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Bank of America increased their price objective on Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 10th.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after purchasing an additional 592,523 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Voya Financial by 13.8% in the second 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 in the last quarter. Leeward Investments LLC MA bought a new position in Voya Financial in the third quarter valued at about $19,269,000. Renaissance Technologies LLC acquired a new position in Voya Financial during the second quarter worth about $13,013,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after acquiring an additional 148,810 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $72.22 on Wednesday. Voya Financial has a 12 month low of $63.11 and a 12 month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $6.95 billion, a PE ratio of 11.50, a PEG ratio of 0.56 and a beta of 1.02. The stock’s fifty day simple moving average is $80.94 and its 200 day simple moving average is $75.13.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data 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. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $2.07 EPS. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts predict that Voya Financial will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.49%. Voya Financial’s payout ratio 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.