Voya Financial, Inc. (NYSE:VOYA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $83.73.

VOYA has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. UBS Group raised Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Royal Bank of Canada cut their price target on Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Piper Sandler cut their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th.

Voya Financial Stock Up 0.1 %

NYSE VOYA opened at $71.84 on Thursday. The stock’s 50 day simple moving average is $72.44 and its 200 day simple moving average is $74.18. Voya Financial has a one year low of $63.11 and a one year high of $84.30. The firm has a market cap of $6.91 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. As a group, sell-side analysts forecast that Voya Financial will post 7.25 earnings per share for the current fiscal year.

Insider Activity

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Voya Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Voya Financial by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after buying an additional 38,438 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Voya Financial during the fourth quarter worth about $47,155,000. Victory Capital Management Inc. grew its holdings in shares of Voya Financial by 12.2% during the third quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager’s stock worth $25,069,000 after buying an additional 34,413 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in Voya Financial by 8.2% in the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock valued at $21,575,000 after buying an additional 20,750 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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.