Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services. This segment serves corporate, education, healthcare, and other non-profit and government entities, as well as institutional and individual customers through third-party administrators, wirehouse affiliated brokers, registered investment advisors, independent sales agents, and consulting firms. The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual and institutional customers directly, as well as through consultant channel, banks, broker-dealers, and independent financial advisers. The Individual Life segment provides wealth protection and transfer opportunities through universal, variable, and term life products. The Employee Benefits segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was incorporated in 1999 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Life insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:VOYA
Previous Symbol
CUSIPN/A
Phone212-309-8200
Debt
Debt-to-Equity Ratio0.60
Current Ratio0.17
Quick Ratio0.17
Price-To-Earnings
Trailing P/E Ratio13.84
Forward P/E Ratio9.51
P/E Growth0.55
Sales & Book Value
Annual Sales$8.62 billion
Price / Sales0.75
Cash Flow$5.8423 per share
Price / Cash Flow7.10
Book Value$61.41 per share
Price / Book0.68
Profitability
EPS (Most Recent Fiscal Year)$3.01
Net Income$-2,992,000,000.00
Net Margins-28.31%
Return on Equity7.01%
Return on Assets0.36%
Miscellaneous
Employees6,300
Outstanding Shares155,520,000
Market Cap$6.67 billion
OptionableOptionable
Voya Financial (NYSE:VOYA) Frequently Asked Questions
What is Voya Financial's stock symbol?
Voya Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "VOYA."
How often does Voya Financial pay dividends? What is the dividend yield for Voya Financial?
Voya Financial announced a quarterly dividend on Friday, October 26th. Investors of record on Friday, November 30th will be paid a dividend of $0.01 per share on Thursday, December 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Thursday, November 29th. View Voya Financial's Dividend History.
How will Voya Financial's stock buyback program work?
Voya Financial declared that its board has initiated a stock repurchase program on Thursday, February 15th 2018, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.
How were Voya Financial's earnings last quarter?
Voya Financial Inc (NYSE:VOYA) released its quarterly earnings results on Tuesday, October, 30th. The asset manager reported $1.34 EPS for the quarter, topping the consensus estimate of $1.19 by $0.15. The asset manager earned $163 million during the quarter, compared to analyst estimates of $297.80 million. Voya Financial had a positive return on equity of 7.01% and a negative net margin of 28.31%. During the same quarter in the previous year, the firm earned $0.51 earnings per share. View Voya Financial's Earnings History.
When is Voya Financial's next earnings date?
What price target have analysts set for VOYA?
13 equities research analysts have issued 1 year target prices for Voya Financial's stock. Their forecasts range from $53.00 to $66.00. On average, they expect Voya Financial's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 42.2% from the stock's current price. View Analyst Price Targets for Voya Financial.
What is the consensus analysts' recommendation for Voya Financial?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Voya Financial in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Voya Financial.
What are Wall Street analysts saying about Voya Financial stock?
Here are some recent quotes from research analysts about Voya Financial stock:
- 1. Wells Fargo & Co analysts commented, "We expect VOYA shares to react favorably to the normalized beat and the guided Q2 run-rate." (5/1/2018)
- 2. BTIG Research analysts commented, "CBVA and Removal of Tail Risk = Much Higher Multiple We are reiterating our Buy recommendation on Voya Financial (VOYA) while raising our price target to $59 (from $50) based on 1.1x the company’s FY18E book value ex. accumulated other cumulative income (AOCI) of $53.27. We view VOYA’s agreement to sell its closed block variable annuity (CBVA) unit to Venerable, a newly-formed firm backed by a group of private equity firms led by Apollo, and to have its fixed annuity book reinsured by Athene Holding (ATH, Not Rated), as a game-changer for the company." (1/2/2018)
Has Voya Financial been receiving favorable news coverage?
Media coverage about VOYA stock has trended positive this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Voya Financial earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the stock's share price in the next several days.
Who are some of Voya Financial's key competitors?
Some companies that are related to Voya Financial include Sun Life Financial (SLF), AVIVA PLC/ADR (AVVIY), HANNOVER RUECK/S (HVRRY), Lincoln National (LNC), AEGON (AEG), Torchmark (TMK), SONY Finl HOLDI/ADR (SNYFY), Scor (SCRYY), Reinsurance Group of America (RGA), Athene (ATH), Primerica (PRI), Brighthouse Financial (BHF), American National Insurance (ANAT), American Equity Investment Life (AEL) and Genworth Financial (GNW).
Who are Voya Financial's key executives?
Voya Financial's management team includes the folowing people:
- Mr. Rodney Owen Martin Jr., Chairman & CEO (Age 66)
- Mr. Michael Scott Smith FSA, MAAA, CFA, CFO & Exec. VP (Age 55)
- Mr. Charles Patrick Nelson, Chief Exec. Officer of Retirement & Employee Benefits (Age 57)
- Ms. Christine Lynn Hurtsellers CFA, Chief Exec. Officer of Investment Management Bus. (Age 54)
- Mr. Clyde Landon Cobb Jr., Sr. MD, Chief Accounting Officer & Controller (Age 47)
Who are Voya Financial's major shareholders?
Voya Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (10.49%), Vanguard Group Inc. (9.06%), Pzena Investment Management LLC (6.48%), BlackRock Inc. (5.99%), Bank of New York Mellon Corp (3.21%) and TIAA CREF Investment Management LLC (2.39%). Company insiders that own Voya Financial stock include Alain M Karaoglan, Charles P Nelson, Christine Hurtsellers, Kevin D Silva, Michael S Smith, Nancy Ferrara and Rodney O Martin Jr. View Institutional Ownership Trends for Voya Financial.
Which institutional investors are selling Voya Financial stock?
VOYA stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Acadian Asset Management LLC, Vanguard Group Inc., FMR LLC, Bank of New York Mellon Corp, Point72 Asset Management L.P. and Zweig DiMenna Associates LLC. View Insider Buying and Selling for Voya Financial.
Which institutional investors are buying Voya Financial stock?
VOYA stock was purchased by a variety of institutional investors in the last quarter, including TIAA CREF Investment Management LLC, Clearbridge Investments LLC, Marshall Wace LLP, Dimensional Fund Advisors LP, Artemis Investment Management LLP, Prudential Financial Inc., Assenagon Asset Management S.A. and Robeco Institutional Asset Management B.V.. Company insiders that have bought Voya Financial stock in the last two years include Alain M Karaoglan, Charles P Nelson, Michael S Smith and Rodney O Martin Jr. View Insider Buying and Selling for Voya Financial.
How do I buy shares of Voya Financial?
Shares of VOYA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Voya Financial's stock price today?
One share of VOYA stock can currently be purchased for approximately $41.48.
How big of a company is Voya Financial?
Voya Financial has a market capitalization of $6.67 billion and generates $8.62 billion in revenue each year. The asset manager earns $-2,992,000,000.00 in net income (profit) each year or $3.01 on an earnings per share basis. Voya Financial employs 6,300 workers across the globe.
What is Voya Financial's official website?
How can I contact Voya Financial?
Voya Financial's mailing address is 230 Park Avenue, New York NY, 10169. The asset manager can be reached via phone at 212-309-8200 or via email at [email protected]
MarketBeat Community Rating for Voya Financial (NYSE VOYA)
MarketBeat's community ratings are surveys of what our community members think about Voya Financial and other stocks. Vote "Outperform" if you believe VOYA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VOYA will underperform the S&P 500 over the long term. You may vote once every thirty days.
