Voya Financial, Inc. (NYSE:VOYA) Receives $86.00 Average Price Target from Analysts

Voya Financial, Inc. (NYSE:VOYA) has earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $86.00.

VOYA has been the topic of a number of research reports. Citigroup upped their price objective on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research note on Thursday, October 3rd. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Bank of America lifted their price target on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Evercore ISI increased their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th.

Voya Financial Stock Down 0.1 %

Shares of VOYA opened at $81.33 on Friday. The firm’s 50-day simple moving average is $79.54 and its 200 day simple moving average is $74.28. 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 cap of $7.83 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. Voya Financial has a 52 week low of $63.11 and a 52 week high of $84.30.

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, topping analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.07 earnings per share. On average, analysts forecast that Voya Financial will post 8.2 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio is presently 28.66%.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm’s 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 link. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VOYA. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the third quarter valued at approximately $29,000. UMB Bank n.a. increased its position in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the period. Blue Trust Inc. raised its stake in shares of Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after purchasing an additional 822 shares during the period. Finally, Quarry LP bought a new stake in shares of Voya Financial in the second quarter worth $61,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Company Profile

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.