Voya Financial, Inc. (NYSE:VOYA) Receives $85.08 Average PT from Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $84.73.

A number of equities analysts recently commented on the company. Royal Bank of Canada lowered their target price on Voya Financial from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Bank of America reaffirmed a “neutral” rating and issued a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Evercore ISI reduced their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price target on Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Barclays reduced their price target on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $66.39 on Friday. The business has a 50-day moving average of $75.31 and a 200 day moving average of $74.29. Voya Financial has a 12 month low of $63.11 and a 12 month high of $84.30. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.05. 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 announced its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business posted $2.07 EPS. Voya Financial’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that Voya Financial will post 8.09 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Insiders Place Their Bets

In other news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction that occurred on 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 accessible through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Voya Financial

Several large investors have recently modified their holdings of VOYA. FMR LLC raised its stake in shares of Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after acquiring an additional 248,795 shares in the last quarter. Leeward Investments LLC MA purchased a new position in Voya Financial in the third quarter worth $19,269,000. Renaissance Technologies LLC purchased a new position in Voya Financial in the second quarter worth $13,013,000. Finally, AQR Capital Management LLC raised its position in Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after acquiring an additional 148,810 shares in the last quarter. Hedge funds and other institutional investors own 96.10% 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.