Voya Financial, Inc. (VOYA) To Go Ex-Dividend on February 25th

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Tuesday, February 25th will be given a dividend of 0.45 per share by the asset manager on Thursday, March 27th. This represents a $1.80 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 25th.

Voya Financial has raised its dividend payment by an average of 34.7% annually over the last three years. Voya Financial has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Voya Financial to earn $9.01 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 20.0%.

Voya Financial Stock Performance

VOYA opened at $70.95 on Friday. The business has a fifty day simple moving average of $72.02 and a 200 day simple moving average of $74.14. The company has a market capitalization of $6.83 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. Voya Financial has a 1 year low of $63.11 and a 1 year high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.07 EPS. Research analysts expect that Voya Financial will post 7.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VOYA shares. Bank of America reiterated a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Evercore ISI lowered their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Wells Fargo & Company reissued an “equal weight” rating and set a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price target on Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.73.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

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.