Voya Financial (VOYA) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Voya Financial in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VOYA shares.
View VOYA analyst ratings or view top-rated stocks.

8 brokerages have issued 1-year price targets for Voya Financial's shares. Their VOYA share price forecasts range from $75.00 to $91.00. On average, they anticipate the company's stock price to reach $82.75 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
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Voya Financial's stock was trading at $61.49 on January 1st, 2023. Since then, VOYA shares have increased by 7.3% and is now trading at $65.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our VOYA earnings forecast.

Voya Financial, Inc. (NYSE:VOYA) announced its quarterly earnings results on Tuesday, August, 1st. The asset manager reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.26. The asset manager had revenue of $347 million for the quarter, compared to analysts' expectations of $319.09 million. Voya Financial had a net margin of 10.53% and a trailing twelve-month return on equity of 16.61%.

Voya Financial announced a quarterly dividend on Thursday, July 27th. Investors of record on Monday, August 28th will be given a dividend of $0.40 per share on Wednesday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, August 25th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for VOYA.

ETFs with the largest weight of Voya Financial (NYSE:VOYA) stock in their portfolio include SPDR S&P Bank ETF (KBE), iShares U.S. Insurance ETF (IAK), iShares Factors US Value Style ETF (STLV), SPDR S&P 400 Mid Cap Value ETF (MDYV), iShares S&P Mid-Cap 400 Value ETF (IJJ), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), T. Rowe Price Small-Mid Cap ETF (TMSL) and FlexShares Quality Dividend Dynamic Index Fund (QDYN).

Voya Financial (NYSE:VOYA) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VOYA will have a dividend payout ratio of 17.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VOYA.

196 employees have rated Voya Financial Chief Executive Officer Rodney O. Martin Jr. on Glassdoor.com. Rodney O. Martin Jr. has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Voya Financial investors own include Broadcom (AVGO), Walt Disney (DIS), PayPal (PYPL), AT&T (T), Exxon Mobil (XOM), AbbVie (ABBV), Chevron (CVX), Wells Fargo & Company (WFC), Alibaba Group (BABA) and Enterprise Products Partners (EPD).

Voya Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "VOYA."

Voya Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.36%), Bank of New York Mellon Corp (6.50%), Franklin Resources Inc. (5.65%), Pzena Investment Management LLC (3.88%), State Street Corp (3.00%) and Dimensional Fund Advisors LP (2.25%). Insiders that own company stock include Christine Hurtsellers, Clyde Landon Jr Cobb, Heather H Lavallee, Michael Robert Katz, Michael S Smith, Nancy Ferrara, Robert L Grubka, Rodney O Martin Jr, Santhosh Keshavan and Yvette S Butler.
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Shares of VOYA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VOYA stock can currently be purchased for approximately $65.99.

Voya Financial (NYSE:VOYA) has a market capitalization of $6.98 billion and generates $6.54 billion in revenue each year. The asset manager earns $510 million in net income (profit) each year or $5.63 on an earnings per share basis.

The company employs 6,100 workers across the globe.

Voya Financial's mailing address is 230 Park Avenue, New York NY, 10169. The official website for the company is www.voya.com. The asset manager can be reached via phone at (212) 309-8200 or via email at ir@voya.com.