Voya Financial, Inc. (NYSE:VOYA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $86.00.

Several equities research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler raised their target price on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI lifted their price target on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a report on Thursday, October 3rd. Finally, UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th.

Voya Financial Stock Up 0.1 %

Shares of NYSE VOYA opened at $81.42 on Friday. Voya Financial has a 12-month low of $63.11 and a 12-month high of $84.30. The firm’s 50-day simple moving average is $79.32 and its 200 day simple moving average is $74.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. Voya Financial’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that Voya Financial will post 8.2 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.21%. Voya Financial’s dividend payout ratio is presently 28.66%.

Insiders Place Their Bets

In related news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Voya Financial

A number of institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Voya Financial in the 3rd quarter valued at $29,000. UMB Bank n.a. increased its position in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the last quarter. Quarry LP bought a new stake in Voya Financial during the second quarter worth about $61,000. Allspring Global Investments Holdings LLC boosted its position in Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 822 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

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.