Brokerages Set Voya Financial, Inc. (NYSE:VOYA) Target Price at $85.08

Voya Financial, Inc. (NYSE:VOYA) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given 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 $84.91.

A number of analysts have commented on the company. Royal Bank of Canada lowered their price target on Voya Financial from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Piper Sandler cut their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Evercore ISI dropped their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Voya Financial

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial during the 3rd quarter worth about $29,000. UMB Bank n.a. boosted its stake in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the second quarter valued at about $61,000. Blue Trust Inc. raised its stake in shares of Voya Financial by 3,640.9% in the 3rd 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 period. Finally, Brooklyn Investment Group purchased a new stake in shares of Voya Financial in the 3rd quarter valued at approximately $79,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Up 0.1 %

NYSE VOYA opened at $68.63 on Friday. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.05. Voya Financial has a one year low of $63.11 and a one year high of $84.30. 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 company’s 50-day simple moving average is $76.07 and its two-hundred day simple moving average is $74.43.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The firm 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 EPS. Equities analysts forecast that Voya Financial will post 8.09 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.62%. Voya Financial’s dividend payout ratio (DPR) is currently 28.66%.

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.