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

Shares of Voya Financial, Inc. (NYSE:VOYA) have earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $91.7273.

A number of research analysts recently commented on VOYA shares. UBS Group upped their target price on Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. cut their target price on Voya Financial from $89.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research note on Monday, June 8th. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Finally, Barclays raised their target price on Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $90.32 on Friday. The business has a fifty day simple moving average of $81.21 and a 200 day simple moving average of $75.58. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.82 and a beta of 0.92. Voya Financial has a one year low of $64.50 and a one year high of $92.83.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.Voya Financial’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 earnings per share. Sell-side analysts expect that Voya Financial will post 9.6 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is 28.40%.

Insider Activity at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Voya Financial during the 4th quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial during the 4th quarter worth about $33,000. Systematic Financial Management LP bought a new stake in shares of Voya Financial in the 4th quarter valued at about $37,000. Finally, Rothschild Investment LLC raised its holdings in shares of Voya Financial by 5,180.0% in the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.