Analysts Set Voya Financial, Inc. (NYSE:VOYA) Price Target at $91.73

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $91.7273.

A number of research firms recently weighed in on VOYA. UBS Group upped their target price on shares of Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Keefe, Bruyette & Woods decreased their price objective on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. This represents a 58.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Institutional Trading of Voya Financial

Several large investors have recently added to or reduced their stakes in VOYA. Allworth Financial LP grew its stake in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Voya Financial during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in Voya Financial during the fourth quarter worth about $33,000. Systematic Financial Management LP acquired a new position in shares of Voya Financial during the fourth quarter worth approximately $37,000. Finally, Rothschild Investment LLC grew its stake in shares of Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Stock Performance

NYSE VOYA opened at $91.09 on Friday. The stock has a market cap of $8.26 billion, a P/E ratio of 13.76, a PEG ratio of 0.83 and a beta of 0.92. The company’s 50-day simple moving average is $80.32 and its 200 day simple moving average is $75.29. Voya Financial has a twelve month low of $64.50 and a twelve month high of $92.83. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, research analysts forecast that Voya Financial will post 9.6 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s dividend payout ratio is currently 28.40%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.