Voya Financial, Inc. (NYSE:VOYA – Get Rating) has earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $77.09.
Several research analysts have commented on the company. TheStreet downgraded Voya Financial from a “b” rating to a “c” rating in a research note on Monday, April 4th. StockNews.com assumed coverage on Voya Financial in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Jefferies Financial Group assumed coverage on Voya Financial in a report on Tuesday, January 25th. They issued a “hold” rating and a $75.00 price target on the stock. Wolfe Research initiated coverage on Voya Financial in a report on Friday, January 21st. They issued a “market perform” rating and a $80.00 price target on the stock. Finally, Piper Sandler reduced their price target on Voya Financial from $74.00 to $72.00 in a research report on Wednesday, April 6th.
VOYA stock opened at $64.03 on Friday. 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 company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 6.33 and a beta of 1.31. Voya Financial has a fifty-two week low of $58.97 and a fifty-two week high of $74.97. The stock has a fifty day moving average of $65.65 and a 200-day moving average of $67.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, May 25th will be given a $0.20 dividend. The ex-dividend date is Tuesday, May 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. Voya Financial’s dividend payout ratio is currently 9.66%.
In other news, insider Robert L. Grubka sold 2,500 shares of Voya Financial stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $68.50, for a total value of $171,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nancy Ferrara sold 21,480 shares of Voya Financial stock in a transaction that occurred on Thursday, February 10th. The shares were 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. Over the last quarter, insiders sold 43,345 shares of company stock worth $3,127,985. Corporate insiders own 1.44% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its stake in shares of Voya Financial by 3.4% in the first quarter. Advisor Group Holdings Inc. now owns 5,621 shares of the asset manager’s stock worth $4,698,000 after purchasing an additional 187 shares during the last quarter. Hohimer Wealth Management LLC grew its holdings in Voya Financial by 4.3% during the first quarter. Hohimer Wealth Management LLC now owns 39,369 shares of the asset manager’s stock valued at $2,612,000 after purchasing an additional 1,634 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Voya Financial by 8.2% in the first quarter. State of New Jersey Common Pension Fund D now owns 61,257 shares of the asset manager’s stock worth $4,064,000 after acquiring an additional 4,618 shares during the period. SG Americas Securities LLC boosted its stake in shares of Voya Financial by 161.8% in the first quarter. SG Americas Securities LLC now owns 34,924 shares of the asset manager’s stock worth $2,317,000 after acquiring an additional 21,584 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Voya Financial by 26.4% in the first quarter. Park Avenue Securities LLC now owns 9,430 shares of the asset manager’s stock worth $626,000 after acquiring an additional 1,967 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.
- Get a free copy of the StockNews.com research report on Voya Financial (VOYA)
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