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

Shares of Voya Financial, Inc. (NYSE:VOYAGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $83.73.

A number of brokerages have recently issued reports on VOYA. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $76.00 target price (down from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. 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 research note on Wednesday, December 18th. Bank of America restated a “neutral” rating and issued a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Barclays reduced their price objective on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, December 10th.

Check Out Our Latest Report on VOYA

Insider Buying and Selling

In other news, insider Tony D. Oh sold 715 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Voya Financial

A number of large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at approximately $29,000. UMB Bank n.a. lifted its stake in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Voya Financial in the 4th quarter valued at $41,000. Blue Trust Inc. increased its stake in shares of Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Voya Financial during the 2nd quarter worth $61,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Up 0.1 %

NYSE:VOYA opened at $71.84 on Thursday. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $72.44 and its two-hundred day moving average price is $74.18.

Voya Financial (NYSE:VOYAGet Free Report) last issued its earnings results 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. Equities research analysts expect that Voya Financial will post 7.25 earnings per share for the current fiscal year.

Voya Financial Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Voya Financial (NYSE:VOYA)

Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.