BidaskClub upgraded shares of Voya Financial, Inc. (NYSE:VOYA) from a buy rating to a strong-buy rating in a report released on Wednesday, August 9th.
Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Voya Financial from a strong-buy rating to a buy rating in a report on Monday, August 7th. Wells Fargo & Company reaffirmed a buy rating on shares of Voya Financial in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a buy rating and set a $44.00 price target on shares of Voya Financial in a report on Wednesday, July 12th. Finally, Citigroup Inc. set a $51.00 price target on Voya Financial and gave the company a buy rating in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Voya Financial presently has a consensus rating of Buy and a consensus target price of $46.11.
Shares of Voya Financial (NYSE VOYA) traded down 0.72% during mid-day trading on Wednesday, hitting $37.33. 1,384,566 shares of the stock were exchanged. The firm has a 50-day moving average price of $38.37 and a 200 day moving average price of $38.11. Voya Financial has a 12-month low of $27.73 and a 12-month high of $42.96. The company’s market capitalization is $6.71 billion.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the consensus estimate of $0.85 by $0.18. The company had revenue of $272.90 million during the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period in the previous year, the company posted $0.79 EPS. On average, equities research analysts expect that Voya Financial will post $3.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s dividend payout ratio is currently -1.04%.
In other news, insider Kevin D. Silva sold 8,500 shares of Voya Financial stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the sale, the insider now owns 5,379 shares of the company’s stock, valued at $216,666.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Rodney O. Martin, Jr. bought 8,475 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were purchased at an average cost of $35.29 per share, with a total value of $299,082.75. Following the acquisition, the chairman now directly owns 114,221 shares of the company’s stock, valued at approximately $4,030,859.09. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Meritage Portfolio Management boosted its position in shares of Voya Financial by 2.6% in the first quarter. Meritage Portfolio Management now owns 177,953 shares of the asset manager’s stock worth $6,755,000 after buying an additional 4,526 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Voya Financial by 14.3% in the first quarter. Acadian Asset Management LLC now owns 6,065,725 shares of the asset manager’s stock worth $230,257,000 after buying an additional 759,147 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Voya Financial by 4.0% in the first quarter. ProShare Advisors LLC now owns 28,185 shares of the asset manager’s stock worth $1,070,000 after buying an additional 1,078 shares during the last quarter. Korea Investment CORP bought a new position in shares of Voya Financial during the first quarter worth approximately $596,000. Finally, Nationwide Fund Advisors boosted its position in shares of Voya Financial by 58.0% in the first quarter. Nationwide Fund Advisors now owns 508,096 shares of the asset manager’s stock worth $19,287,000 after buying an additional 186,615 shares during the last quarter.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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