Voya Financial, Inc. (NYSE:VOYA – Get Rating) – Analysts at Jefferies Financial Group dropped their Q2 2022 EPS estimates for Voya Financial in a research report issued to clients and investors on Sunday, April 10th. Jefferies Financial Group analyst S. Kamath now forecasts that the asset manager will post earnings per share of $1.60 for the quarter, down from their prior estimate of $1.72. Jefferies Financial Group has a “Hold” rating and a $75.00 price objective on the stock. Jefferies Financial Group also issued estimates for Voya Financial’s Q4 2022 earnings at $1.74 EPS, FY2022 earnings at $6.25 EPS, Q1 2023 earnings at $1.53 EPS, FY2023 earnings at $7.45 EPS, FY2024 earnings at $8.40 EPS, FY2025 earnings at $9.50 EPS and FY2026 earnings at $10.70 EPS.
Voya Financial (NYSE:VOYA – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The asset manager reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.42. The business had revenue of $333.00 million during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share.
VOYA stock opened at $66.37 on Tuesday. Voya Financial has a 1-year low of $58.97 and a 1-year high of $74.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 4.06, a PEG ratio of 2.80 and a beta of 1.36. The business has a 50 day simple moving average of $66.88 and a two-hundred day simple moving average of $66.89.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 30th. Shareholders of record on Friday, February 25th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. Voya Financial’s payout ratio is 4.90%.
In other Voya Financial news, insider Robert L. Grubka sold 2,500 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $68.50, for a total value of $171,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nancy Ferrara sold 21,480 shares of the stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $72.74, for a total value of $1,562,455.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,345 shares of company stock worth $3,127,985. Insiders own 1.47% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of VOYA. NuWave Investment Management LLC bought a new stake in Voya Financial during the fourth quarter valued at about $30,000. First Manhattan Co. bought a new stake in Voya Financial during the third quarter valued at about $31,000. Eaton Vance Management boosted its position in Voya Financial by 45.9% during the third quarter. Eaton Vance Management now owns 636 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. CWM LLC bought a new stake in Voya Financial during the fourth quarter valued at about $33,000. Finally, Glassman Wealth Services boosted its position in Voya Financial by 247.5% during the third quarter. Glassman Wealth Services now owns 556 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 396 shares in the last quarter.
Voya Financial Company Profile (Get Rating)
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.
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