Voya Financial (NYSE:VOYA) PT Raised to $79.00 at Jefferies Financial Group

Voya Financial (NYSE:VOYA) had its target price raised by investment analysts at Jefferies Financial Group from $76.00 to $79.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the asset manager’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 11.03% from the stock’s previous close.

Several other equities analysts have also recently commented on VOYA. Morgan Stanley reduced their price target on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Piper Sandler raised their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Evercore ISI raised their price target on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company raised their price target on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average price target of $83.89.

Voya Financial Trading Down 0.2 %

Shares of Voya Financial stock opened at $71.15 on Friday. Voya Financial has a fifty-two week low of $63.02 and a fifty-two week high of $77.00. The firm has a market cap of $7.16 billion, a PE ratio of 10.11, a P/E/G ratio of 0.50 and a beta of 1.07. The business’s fifty day moving average is $72.66 and its two-hundred day moving average is $71.52. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $1.69 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts anticipate that Voya Financial will post 8.53 earnings per share for the current year.

Insider Activity

In other news, Director Yvette S. Butler sold 2,165 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $73.78, for a total transaction of $159,733.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VOYA. Chilton Capital Management LLC bought a new position in shares of Voya Financial during the 4th quarter worth about $26,000. SYSTM Wealth Solutions LLC increased its holdings in shares of Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after purchasing an additional 149 shares during the period. FinTrust Capital Advisors LLC bought a new position in shares of Voya Financial during the 1st quarter worth about $43,000. Venturi Wealth Management LLC increased its holdings in shares of Voya Financial by 213.2% during the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after purchasing an additional 405 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Voya Financial during the 4th quarter valued at about $49,000. 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.