Voya Financial (NYSE:VOYA) Posts Quarterly Earnings Results, Misses Expectations By $0.65 EPS

Voya Financial (NYSE:VOYA) posted its earnings results on Tuesday. The asset manager reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.65), Zacks reports. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%.

Voya Financial Trading Down 0.9 %

NYSE VOYA traded down $0.64 during mid-day trading on Tuesday, reaching $68.28. 1,444,155 shares of the stock were exchanged, compared to its average volume of 750,920. The stock has a market capitalization of $6.57 billion, a PE ratio of 10.87, a PEG ratio of 0.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial has a 1-year low of $63.11 and a 1-year high of $84.30. The business’s fifty day simple moving average is $71.74 and its 200 day simple moving average is $74.13.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 28.66%.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction 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 the SEC website. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VOYA. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Evercore ISI reduced their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Piper Sandler reduced their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.27.

About Voya Financial

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.