Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Voya Financial has a “Moderate Buy” consensus rating from 13 analysts, with eight buy ratings and one strong-buy rating. The average 12-month price target is approximately $100.15.
• Voya reported quarterly EPS of $2.26, exceeding the $2.02 analyst estimate, while revenue reached $1.93 billion and rose 3.1% year over year.
• The company declared a quarterly dividend of $0.47 per share, equivalent to an annualized $1.88 payout and a 1.9% yield; institutional investors own 96.1% of its shares.

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $100.1538.

A number of equities analysts have recently weighed in on VOYA shares. Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a research report on Wednesday, July 15th. Jefferies Financial Group raised their target price on shares of Voya Financial from $80.00 to $85.00 and gave the stock a "hold" rating in a research report on Friday, July 10th. Barclays lifted their target price on shares of Voya Financial from $98.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Royal Bank Of Canada boosted their price target on Voya Financial from $100.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on Voya Financial from $88.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st.

Voya Financial Stock Up 0.1%

Shares of NYSE:VOYA opened at $99.53 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $9.02 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.92 and a beta of 0.89. Voya Financial has a 52-week low of $64.50 and a 52-week high of $103.85. The stock's fifty day simple moving average is $92.21 and its 200-day simple moving average is $80.26.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $2.00 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Voya Financial will post 9.32 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 annualized dividend and a yield of 1.9%. Voya Financial's dividend payout ratio is 28.40%.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares in the company, valued at $259,830. The trade was a 58.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its position in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Four Tree Island Advisory LLC boosted its holdings in shares of Voya Financial by 0.5% in the 4th quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager's stock valued at $2,423,000 after purchasing an additional 174 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager's stock valued at $39,000 after purchasing an additional 214 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Voya Financial by 56.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager's stock valued at $46,000 after buying an additional 222 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager's stock valued at $49,000 after buying an additional 223 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

About Voya Financial

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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