Brokerages Set Voya Financial, Inc. (NYSE:VOYA) Price Target at $77.09

Shares of Voya Financial, Inc. (NYSE:VOYAGet Rating) have received a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $77.09.

Several research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Voya Financial in a report on Thursday, March 31st. They set a “sell” rating for the company. Wells Fargo & Company raised their target price on shares of Voya Financial from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, January 4th. Jefferies Financial Group assumed coverage on shares of Voya Financial in a report on Tuesday, January 25th. They set a “hold” rating and a $75.00 target price for the company. Piper Sandler reduced their target price on shares of Voya Financial from $74.00 to $72.00 in a report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Voya Financial from $74.00 to $77.00 in a report on Tuesday, January 4th.

NYSE VOYA traded up $0.18 during trading hours on Monday, reaching $67.56. The stock had a trading volume of 881,521 shares, compared to its average volume of 1,013,200. Voya Financial has a 52-week low of $58.97 and a 52-week high of $74.97. The stock has a fifty day moving average of $66.71 and a 200 day moving average of $66.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $7.16 billion, a P/E ratio of 4.14, a price-to-earnings-growth ratio of 5.99 and a beta of 1.36.

Voya Financial (NYSE:VOYAGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The asset manager reported $1.90 EPS for the quarter, beating the consensus estimate of $1.48 by $0.42. The business had revenue of $333.00 million for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. On average, equities research analysts forecast that Voya Financial will post 6.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Shareholders of record on Friday, February 25th were issued 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 1.18%. Voya Financial’s payout ratio is 4.90%.

In other news, insider Nancy Ferrara sold 21,480 shares of the business’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $72.74, for a total transaction of $1,562,455.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert L. Grubka sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $68.50, for a total transaction of $171,250.00. The disclosure for this sale can be found here. Insiders have sold 43,345 shares of company stock valued at $3,127,985 in the last three months. Corporate insiders own 1.47% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Voya Financial by 63.9% during the third quarter. Wellington Management Group LLP now owns 6,488,289 shares of the asset manager’s stock worth $398,315,000 after buying an additional 2,529,604 shares during the last quarter. Norges Bank acquired a new stake in shares of Voya Financial in the 4th quarter worth $74,473,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Voya Financial in the fourth quarter valued at about $61,153,000. Adage Capital Partners GP L.L.C. acquired a new stake in Voya Financial during the fourth quarter worth about $46,417,000. Finally, BlackRock Inc. raised its stake in Voya Financial by 4.4% during the fourth quarter. BlackRock Inc. now owns 12,134,287 shares of the asset manager’s stock worth $804,624,000 after purchasing an additional 505,986 shares during the period.

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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