Voya Financial, Inc. (NYSE:VOYA) Receives $81.92 Average Target Price from Analysts

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has earned an average rating of "Hold" from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $81.92.

VOYA has been the subject of a number of research reports. Morgan Stanley boosted their price target on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods upped their target price on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company raised their price target on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, Barclays set a $70.00 price objective on shares of Voya Financial in a research note on Wednesday, May 7th.

Voya Financial Trading Up 0.1%

Shares of VOYA stock traded up $0.05 on Wednesday, reaching $65.67. 507,534 shares of the company's stock were exchanged, compared to its average volume of 980,370. The company's fifty day simple moving average is $62.57 and its 200 day simple moving average is $68.62. Voya Financial has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.32 billion, a PE ratio of 10.73, a P/E/G ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. As a group, analysts forecast that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is currently 33.96%.

Insider Transactions at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director now owns 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.99% of the company's stock.

Institutional Investors Weigh In On Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its stake in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares in the last quarter. Quarry LP purchased a new stake in Voya Financial during the 4th quarter worth approximately $37,000. Venturi Wealth Management LLC increased its stake in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Voya Financial in the first quarter worth $47,000. 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.