Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Rating of “Moderate Buy” from Analysts

Voya Financial, Inc. (NYSE:VOYA) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $102.1538.

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Evercore reaffirmed an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a report on Friday. Royal Bank Of Canada upped their price objective on shares of Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley increased their target price on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Atlantic Securities set a $79.00 target price on Voya Financial in a research report on Wednesday, July 15th.

Voya Financial Stock Down 0.0%

Shares of VOYA stock opened at $101.37 on Monday. Voya Financial has a twelve month low of $64.50 and a twelve month high of $103.85. The stock has a market cap of $9.18 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.96 and a beta of 0.89. The stock has a 50 day moving average of $94.14 and a 200 day moving average of $81.12. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.Voya Financial’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS. As a group, sell-side analysts expect that Voya Financial will post 9.37 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be given a $0.47 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. Voya Financial’s payout ratio is 31.70%.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the transaction, the insider directly owned 2,887 shares in the company, valued at approximately $259,830. This represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Voya Financial in the 2nd quarter worth about $850,187,000. Bank of New York Mellon Corp acquired a new position in shares of Voya Financial during the second quarter valued at approximately $520,280,000. Pzena Investment Management LLC acquired a new position in shares of Voya Financial during the second quarter valued at approximately $319,539,000. Verdad Advisers LP purchased a new position in shares of Voya Financial in the fourth quarter valued at approximately $148,980,000. Finally, Norges Bank purchased a new position in shares of Voya Financial in the fourth quarter valued at approximately $83,106,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

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.