DOWLING & PARTN Raises Earnings Estimates for Voya Financial

Key Points

• DOWLING & PARTN raised Voya Financial’s FY2027 EPS estimate to $11.45 from $11.25 and introduced a FY2028 estimate of $12.85, above the current-year consensus of $9.21.
• Voya’s latest quarterly results fell short of expectations, with EPS of $1.51 versus the $1.98 consensus and revenue of $1.88 billion versus $1.90 billion; revenue declined 4.3% year over year.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus rating and an average price target of $103.85. Shares opened at $94.32, while institutional investors own 96.1% of the stock and the company pays a quarterly dividend of $0.47.

Voya Financial, Inc. (NYSE:VOYA - Free Report) - Stock analysts at DOWLING & PARTN upped their FY2027 earnings per share (EPS) estimates for Voya Financial in a report released on Tuesday, September 29th. DOWLING & PARTN analyst J. Hurwitz now expects that the asset manager will post earnings of $11.45 per share for the year, up from their prior forecast of $11.25. The consensus estimate for Voya Financial's current full-year earnings is $9.21 per share. DOWLING & PARTN also issued estimates for Voya Financial's FY2028 earnings at $12.85 EPS.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 earnings per share.

Several other equities research analysts have also recently issued reports on the stock. Evercore reaffirmed an "outperform" rating and set a $111.00 price target on shares of Voya Financial in a research note on Friday, August 7th. Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $105.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods raised their target price on shares of Voya Financial from $109.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley lifted their target price on shares of Voya Financial from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of "Moderate Buy" and an average target price of $103.85.

Voya Financial Trading Down 0.8%

Shares of VOYA stock opened at $94.32 on Thursday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.92 and a beta of 0.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $100.14 and a 200 day moving average price of $88.49. Voya Financial has a twelve month low of $64.50 and a twelve month high of $105.64.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors have recently bought and sold shares of VOYA. Sequoia Financial Advisors LLC grew its stake in shares of Voya Financial by 9.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,078 shares of the asset manager's stock valued at $641,000 after buying an additional 632 shares during the period. Tidal Investments LLC increased its holdings in shares of Voya Financial by 172.7% during the 2nd quarter. Tidal Investments LLC now owns 21,487 shares of the asset manager's stock worth $1,945,000 after buying an additional 13,608 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Voya Financial by 940.5% in the 2nd quarter. Engineers Gate Manager LP now owns 180,505 shares of the asset manager's stock worth $16,341,000 after buying an additional 163,157 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Voya Financial in the 2nd quarter worth $84,000. Finally, NewEdge Advisors LLC boosted its holdings in Voya Financial by 3.3% in the second quarter. NewEdge Advisors LLC now owns 9,478 shares of the asset manager's stock valued at $858,000 after acquiring an additional 305 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, August 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.0%. Voya Financial's dividend payout ratio (DPR) is currently 31.70%.

Voya Financial Company Profile

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya's retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.

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