Voya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, 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. Its Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors and institutional clients through its direct sales force, consultant channel, banks, broker-dealers, and independent financial advisers. The company's Health Solutions segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners to mid-sized and large businesses. 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.
Voya Financial Stock Up 0.3 %
VOYA Stock opened at $60.43 on Monday. Voya Financial has a twelve month low of $56.20 and a twelve month high of $74.97. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.58. The stock has a market cap of $6.17 billion, a P/E ratio of 11.36, a PEG ratio of 2.18 and a beta of 1.26. The business's 50-day moving average price is $60.80 and its 200-day moving average price is $64.46.
Voya Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, August 26th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, August 25th. Voya Financial's dividend payout ratio (DPR) is presently 9.02%.
Analyst Upgrades and Downgrades
VOYA has been the topic of several research reports. Evercore ISI dropped their target price on Voya Financial from $79.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 6th. Morgan Stanley raised their target price on Voya Financial from $73.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd. StockNews.com raised Voya Financial from a "sell" rating to a "hold" rating in a research report on Friday. TheStreet cut Voya Financial from a "b" rating to a "c" rating in a research report on Friday, June 10th. Finally, JPMorgan Chase & Co. dropped their target price on Voya Financial from $77.00 to $75.00 in a research report on Monday, July 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $76.90.