Voya Financial, Inc. (NYSE:VOYA) Receives $83.73 Consensus Price Target from Analysts

Shares of Voya Financial, Inc. (NYSE:VOYA) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $83.73.

A number of brokerages have issued reports on VOYA. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Bank of America reiterated a “neutral” rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Barclays lowered their price objective on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Wells Fargo & Company reiterated an “equal weight” rating and set a $76.00 target price (down previously from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in Voya Financial in the third quarter valued at approximately $29,000. UMB Bank n.a. raised 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 worth $35,000 after acquiring an additional 239 shares during the period. R Squared Ltd purchased a new stake in Voya Financial in the 4th quarter worth $41,000. Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Price Performance

VOYA stock opened at $70.95 on Thursday. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.50 and a beta of 1.05. The firm’s 50-day moving average price is $72.02 and its two-hundred day moving average price is $74.15. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial has a 12-month low of $63.11 and a 12-month high of $84.30.

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 analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 EPS. As a group, equities analysts predict that Voya Financial will post 7.11 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Voya Financial Company Profile

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.