Voya Financial Inc (NYSE:VOYA) Receives $59.20 Average Price Target from Analysts

Shares of Voya Financial Inc (NYSE:VOYA) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $59.20.

A number of brokerages have recently weighed in on VOYA. ValuEngine cut shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Morgan Stanley set a $64.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada set a $60.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

In other news, insider Patricia J. Walsh sold 1,870 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the completion of the sale, the insider now directly owns 27,488 shares of the company’s stock, valued at approximately $1,475,830.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Byron H. Pollitt, Jr. acquired 1,000 shares of the stock in a transaction dated Friday, May 31st. The shares were bought at an average cost of $51.26 per share, with a total value of $51,260.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,500 shares of company stock valued at $125,555. Corporate insiders own 1.69% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. US Bancorp DE increased its position in shares of Voya Financial by 18.5% in the 2nd quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock worth $79,000 after purchasing an additional 224 shares during the last quarter. Grove Bank & Trust boosted its holdings in Voya Financial by 2.6% in the 2nd quarter. Grove Bank & Trust now owns 10,775 shares of the asset manager’s stock valued at $596,000 after purchasing an additional 270 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in Voya Financial by 0.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 116,900 shares of the asset manager’s stock valued at $6,465,000 after purchasing an additional 300 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Voya Financial by 2.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,487 shares of the asset manager’s stock valued at $746,000 after purchasing an additional 329 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in Voya Financial by 7.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,923 shares of the asset manager’s stock valued at $328,000 after purchasing an additional 393 shares during the period.

NYSE:VOYA traded up $0.12 during mid-day trading on Friday, reaching $48.50. The stock had a trading volume of 40,108 shares, compared to its average volume of 1,338,175. The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. Voya Financial has a twelve month low of $36.66 and a twelve month high of $57.57. The firm’s 50 day moving average price is $54.88.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 6th. The asset manager reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The firm had revenue of $278.00 million during the quarter, compared to the consensus estimate of $314.19 million. During the same quarter last year, the firm earned $1.13 earnings per share. On average, equities research analysts forecast that Voya Financial will post 5.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, August 28th. Voya Financial’s dividend payout ratio (DPR) is 0.99%.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.

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Analyst Recommendations for Voya Financial (NYSE:VOYA)

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