Voya Financial, Inc. (VOYA) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a “Moderate Buy” consensus on Voya Financial, based on 13 ratings, with an average 12-month price target of $103.69.
• Voya reported quarterly EPS of $2.60, slightly above estimates, while revenue fell 4.8% year over year to $1.94 billion, below consensus.
• Voya raised its quarterly dividend from $0.47 to $0.57 per share, equivalent to an annualized $2.28 and a 2.2% yield.

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $103.69.

Several brokerages have issued reports on VOYA. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $109.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, October 15th. Evercore reiterated an "outperform" rating and issued a $111.00 target price on shares of Voya Financial in a research note on Friday, August 7th. TD Cowen increased their price target on shares of Voya Financial from $112.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Atlantic Securities set a $79.00 price target on shares of Voya Financial in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Voya Financial from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Monday, October 12th.

Insider Activity at Voya Financial

In other news, insider Trevor Ogle sold 2,093 shares of the business's stock in a transaction on Monday, October 26th. The stock was sold at an average price of $95.81, for a total value of $200,530.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company's stock.

Institutional Investors Weigh In On Voya Financial

Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Voya Financial in the 2nd quarter worth about $850,187,000. Bank of New York Mellon Corp purchased a new stake in shares of Voya Financial during the 2nd quarter valued at about $520,280,000. Pzena Investment Management LLC bought a new stake in shares of Voya Financial in the second quarter worth approximately $319,539,000. Dimensional Fund Advisors LP grew its stake in shares of Voya Financial by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager's stock worth $184,436,000 after acquiring an additional 248,935 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Voya Financial in the second quarter worth approximately $38,757,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Down 0.2%

Shares of Voya Financial stock opened at $104.43 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.61. The company's fifty day simple moving average is $98.71 and its two-hundred day simple moving average is $87.11. The company has a market cap of $9.33 billion, a P/E ratio of 16.79, a PEG ratio of 1.05 and a beta of 0.85. Voya Financial has a 12-month low of $64.50 and a 12-month high of $106.79.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. Voya Financial had a net margin of 7.75% and a return on equity of 12.67%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. Voya Financial's revenue was down 4.8% on a year-over-year basis. Research analysts anticipate that Voya Financial will post 9.16 EPS for the current year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, November 24th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, November 24th. This is a positive change from Voya Financial's previous quarterly dividend of $0.47. Voya Financial's dividend payout ratio is 36.66%.

About Voya Financial

Voya Financial, Inc. is a U.S.-based financial services company focused on workplace benefits, retirement plans and investment management. It serves employers, plan sponsors, institutions and individuals, primarily in the United States. The company provides workplace retirement savings plans and related services, along with employee benefits such as group life, disability and supplemental health coverage. Through its investment management business, Voya offers investment strategies and services to institutional and individual clients.

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