Q1 2022 EPS Estimates for Voya Financial, Inc. (NYSE:VOYA) Boosted by Jefferies Financial Group

Voya Financial, Inc. (NYSE:VOYAGet Rating) – Equities research analysts at Jefferies Financial Group increased their Q1 2022 earnings per share estimates for shares of Voya Financial in a note issued to investors on Sunday, April 10th. Jefferies Financial Group analyst S. Kamath now expects that the asset manager will earn $1.32 per share for the quarter, up from their prior estimate of $1.27. Jefferies Financial Group currently has a “Hold” rating and a $75.00 target price on the stock. Jefferies Financial Group also issued estimates for Voya Financial’s Q3 2022 earnings at $1.61 EPS, Q2 2023 earnings at $1.94 EPS, Q3 2023 earnings at $1.93 EPS and Q4 2023 earnings at $2.05 EPS.

Voya Financial (NYSE:VOYAGet Rating) last released its earnings results on Tuesday, February 8th. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.42. The firm had revenue of $333.00 million during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned $1.44 EPS.

Several other research firms have also issued reports on VOYA. Evercore ISI upgraded shares of Voya Financial from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $66.00 to $82.00 in a report on Wednesday, January 5th. StockNews.com began coverage on shares of Voya Financial in a report on Thursday, March 31st. They set a “sell” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $74.00 to $77.00 in a report on Tuesday, January 4th. Wells Fargo & Company upped their price objective on shares of Voya Financial from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, January 4th. Finally, TheStreet lowered shares of Voya Financial from a “b” rating to a “c” rating in a report on Monday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.09.

VOYA stock opened at $65.75 on Wednesday. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 4.03, a PEG ratio of 2.80 and a beta of 1.36. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.38. Voya Financial has a 12-month low of $58.97 and a 12-month high of $74.97. The company’s fifty day simple moving average is $66.79 and its 200 day simple moving average is $66.88.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Friday, February 25th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 24th. Voya Financial’s payout ratio is presently 4.90%.

In other Voya Financial news, insider Robert L. Grubka sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $68.50, for a total value of $171,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rodney O. Martin, Jr. sold 19,365 shares of the company’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $72.00, for a total transaction of $1,394,280.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,345 shares of company stock valued at $3,127,985. 1.47% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its position in Voya Financial by 3.1% in the 3rd quarter. Signaturefd LLC now owns 4,971 shares of the asset manager’s stock worth $305,000 after purchasing an additional 149 shares in the last quarter. People s United Financial Inc. grew its position in Voya Financial by 0.7% in the 3rd quarter. People s United Financial Inc. now owns 24,198 shares of the asset manager’s stock worth $1,486,000 after purchasing an additional 157 shares in the last quarter. Mariner LLC grew its position in shares of Voya Financial by 1.7% during the 3rd quarter. Mariner LLC now owns 11,774 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 193 shares during the period. Eaton Vance Management grew its position in shares of Voya Financial by 45.9% during the 3rd quarter. Eaton Vance Management now owns 636 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Finally, Commerce Bank grew its position in shares of Voya Financial by 5.0% during the 4th quarter. Commerce Bank now owns 4,576 shares of the asset manager’s stock valued at $303,000 after acquiring an additional 216 shares during the period.

About Voya Financial (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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Earnings History and Estimates for Voya Financial (NYSE:VOYA)

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