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

Voya Financial, Inc. (NYSE:VOYA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $85.08.

Several equities research analysts have commented on VOYA shares. Evercore ISI cut their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Barclays decreased their price target on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Bank of America restated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Voya Financial from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th.

Voya Financial Stock Performance

Shares of VOYA opened at $69.24 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.66 billion, a PE ratio of 11.03, a P/E/G ratio of 0.54 and a beta of 1.05. The stock has a fifty day moving average price of $76.54 and a 200-day moving average price of $74.47. Voya Financial has a 12 month low of $63.11 and a 12 month high of $84.30.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 earnings per share. Equities research analysts predict that Voya Financial will post 8.09 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.60%. Voya Financial’s dividend payout ratio is presently 28.66%.

Insider Buying and Selling

In other news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Voya Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE grew its holdings in Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 202 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Voya Financial by 6.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after buying an additional 210 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Voya Financial by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Voya Financial by 8.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager’s stock worth $285,000 after buying an additional 270 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Company Profile

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.