Voya Financial (VOYA) Cut to “Hold” at ValuEngine

Voya Financial (NYSE:VOYA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

VOYA has been the topic of several other reports. Bank of America started coverage on Voya Financial in a report on Monday, March 26th. They set a “buy” rating and a $60.00 target price on the stock. UBS Group started coverage on Voya Financial in a report on Friday, March 2nd. They set a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Co set a $63.00 target price on Voya Financial and gave the stock a “buy” rating in a report on Thursday, March 1st. Deutsche Bank increased their target price on Voya Financial from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, April 17th. Finally, Barclays started coverage on Voya Financial in a report on Friday, June 8th. They set an “equal weight” rating and a $55.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Voya Financial presently has an average rating of “Buy” and an average price target of $59.46.

NYSE VOYA traded down $0.52 on Thursday, reaching $47.15. The stock had a trading volume of 2,826,900 shares, compared to its average volume of 2,228,473. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.17 and a quick ratio of 0.17. Voya Financial has a 1-year low of $35.82 and a 1-year high of $55.27. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 0.65 and a beta of 1.52.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 1st. The asset manager reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). Voya Financial had a negative net margin of 25.86% and a positive return on equity of 4.01%. During the same period last year, the business earned $0.51 earnings per share. equities analysts anticipate that Voya Financial will post 4.23 earnings per share for the current fiscal year.

In other Voya Financial news, insider Charles P. Nelson acquired 13,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was acquired at an average cost of $50.25 per share, for a total transaction of $698,475.00. Following the transaction, the insider now directly owns 45,382 shares in the company, valued at $2,280,445.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Voya Financial by 92.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock worth $103,000 after buying an additional 1,008 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Voya Financial by 66.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock worth $128,000 after buying an additional 1,007 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Voya Financial during the 1st quarter worth $203,000. Gideon Capital Advisors Inc. bought a new stake in shares of Voya Financial during the 1st quarter worth $213,000. Finally, Advisor Group Inc. raised its position in Voya Financial by 171.6% in the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock valued at $226,000 after purchasing an additional 2,891 shares during the last quarter.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Voya Financial (NYSE:VOYA)

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