News headlines about Voya Financial (NYSE:VOYA) have trended positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Voya Financial earned a news impact score of 0.32 on Alpha One’s scale. Alpha One also assigned media headlines about the asset manager an impact score of 48 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several brokerages have commented on VOYA. BidaskClub upgraded Voya Financial from a “sell” rating to a “hold” rating in a research note on Friday. Barclays PLC restated a “hold” rating and set a $41.00 price target on shares of Voya Financial in a research note on Sunday, February 19th. Citigroup Inc. reaffirmed a “focus list” rating on shares of Voya Financial in a research report on Tuesday, February 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $51.00 target price on shares of Voya Financial in a research report on Thursday, March 16th. Finally, J P Morgan Chase & Co decreased their target price on Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.36.
Voya Financial (VOYA) traded up 1.43% on Monday, reaching $37.48. The company’s stock had a trading volume of 1,160,993 shares. The stock’s 50 day moving average is $36.07 and its 200-day moving average is $38.71. The firm’s market capitalization is $6.97 billion. Voya Financial has a 52 week low of $22.75 and a 52 week high of $42.96.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Voya Financial had a negative net margin of 7.64% and a positive return on equity of 3.78%. The company had revenue of $303.20 million for the quarter, compared to analysts’ expectations of $293.84 million. During the same period last year, the firm earned $0.55 earnings per share. Analysts predict that Voya Financial will post $3.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. Voya Financial’s dividend payout ratio is presently -1.02%.
In other news, insider Michael S. Smith purchased 5,000 shares of Voya Financial stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average price of $35.24 per share, for a total transaction of $176,200.00. Following the transaction, the insider now owns 69,142 shares of the company’s stock, valued at approximately $2,436,564.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin D. Silva sold 4,039 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $37.29, for a total transaction of $150,614.31. Following the sale, the insider now owns 23,825 shares in the company, valued at approximately $888,434.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 14,299 shares of company stock worth $505,087 and have sold 41,497 shares worth $1,553,492. 0.24% of the stock is currently owned by company insiders.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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