Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Recommendation of "Hold" from Analysts

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has earned an average rating of "Hold" from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $82.08.

Several research firms recently issued reports on VOYA. Barclays set a $70.00 target price on shares of Voya Financial in a research report on Wednesday, May 7th. UBS Group decreased their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley reissued an "overweight" rating and issued a $88.00 target price (up from $86.00) on shares of Voya Financial in a research report on Tuesday, June 24th. Finally, Bank of America reaffirmed an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th.

Voya Financial Price Performance

VOYA opened at $70.78 on Friday. The company's 50 day simple moving average is $65.46 and its 200 day simple moving average is $67.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial has a 1 year low of $52.43 and a 1 year high of $84.30. The stock has a market capitalization of $6.81 billion, a PE ratio of 13.36, a P/E/G ratio of 0.59 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the company earned $1.77 earnings per share. The company's quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. Voya Financial's payout ratio is currently 33.96%.

Insider Transactions at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the transaction, the director now directly owns 355 shares of the company's stock, valued at approximately $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.99% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 183 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager's stock worth $105,000 after purchasing an additional 184 shares in the last quarter. Greenleaf Trust lifted its position in shares of Voya Financial by 3.1% during the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager's stock worth $427,000 after purchasing an additional 190 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Voya Financial by 0.9% in the first quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager's stock worth $1,560,000 after buying an additional 200 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Voya Financial by 13.7% in the first quarter. Fifth Third Bancorp now owns 1,747 shares of the asset manager's stock valued at $118,000 after acquiring an additional 211 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

About Voya Financial

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.

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