Shares of Voya Financial Inc (NYSE:VOYA) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $59.20.
Several brokerages have recently commented on VOYA. Royal Bank of Canada set a $60.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of Voya Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley set a $64.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, August 7th.
In related news, insider Patricia J. Walsh sold 1,870 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the transaction, the insider now directly owns 27,488 shares in the company, valued at $1,475,830.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Byron H. Pollitt, Jr. bought 1,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $49.30 per share, for a total transaction of $49,300.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,500 shares of company stock worth $125,555 in the last three months. 1.69% of the stock is owned by insiders.
Shares of NYSE:VOYA traded up $0.12 during trading on Friday, hitting $48.50. 40,108 shares of the company’s stock were exchanged, compared to its average volume of 1,338,175. Voya Financial has a 1-year low of $36.66 and a 1-year high of $57.57. The company’s 50-day moving average is $54.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.17 and a current ratio of 0.16. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 0.42 and a beta of 1.46.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 6th. The asset manager reported $1.52 EPS for the quarter, topping the consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The company had revenue of $278.00 million during the quarter, compared to analysts’ expectations of $314.19 million. During the same quarter in the previous year, the company earned $1.13 EPS. On average, research analysts predict that Voya Financial will post 5.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be paid a dividend of $0.15 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.60 annualized dividend and a yield of 1.24%. Voya Financial’s dividend payout ratio (DPR) is presently 0.99%.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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