Analysts Set Voya Financial Inc (VOYA) Target Price at $59.00

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Voya Financial Inc (NYSE:VOYA) has received a consensus recommendation of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $59.00.

A number of research analysts recently commented on the company. ValuEngine lowered Voya Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Royal Bank of Canada cut their target price on Voya Financial to $55.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. Credit Suisse Group cut their target price on Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Morgan Stanley cut their target price on Voya Financial from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC grew its position in Voya Financial by 25.8% in the third quarter. TIAA CREF Investment Management LLC now owns 3,715,088 shares of the asset manager’s stock valued at $184,528,000 after acquiring an additional 762,178 shares during the period. LSV Asset Management grew its position in Voya Financial by 3.4% in the third quarter. LSV Asset Management now owns 2,687,262 shares of the asset manager’s stock valued at $133,476,000 after acquiring an additional 89,162 shares during the period. O Shaughnessy Asset Management LLC grew its position in Voya Financial by 3.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,072,668 shares of the asset manager’s stock valued at $102,585,000 after acquiring an additional 62,876 shares during the period. Clearbridge Investments LLC grew its position in Voya Financial by 50.3% in the third quarter. Clearbridge Investments LLC now owns 1,862,112 shares of the asset manager’s stock valued at $92,491,000 after acquiring an additional 622,863 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Voya Financial by 23.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,680,858 shares of the asset manager’s stock valued at $83,485,000 after acquiring an additional 318,661 shares during the period.

Shares of VOYA stock traded down $0.63 during trading hours on Monday, reaching $42.87. 1,673,749 shares of the company’s stock were exchanged, compared to its average volume of 1,586,494. Voya Financial has a fifty-two week low of $40.49 and a fifty-two week high of $55.27. The firm has a market cap of $6.76 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.41. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. Voya Financial had a positive return on equity of 7.01% and a negative net margin of 28.31%. The company had revenue of $163.00 million during the quarter, compared to analyst estimates of $297.80 million. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, equities analysts predict that Voya Financial will post 4.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, November 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. Voya Financial’s payout ratio is 1.33%.

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.

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Analyst Recommendations for Voya Financial (NYSE:VOYA)

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