Voya Financial, Inc. (NYSE:VOYA) Given Average Rating of “Hold” by Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $83.40.

VOYA has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley set a $89.00 target price on Voya Financial and gave the company an “overweight” rating in a report on Monday, July 14th. UBS Group raised their target price on Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Evercore ISI raised their target price on Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Finally, Barclays raised their target price on Voya Financial from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, July 7th.

Insider Activity at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Voya Financial by 23.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock valued at $384,849,000 after acquiring an additional 1,095,190 shares during the period. Bank of New York Mellon Corp raised its holdings in Voya Financial by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager’s stock valued at $393,270,000 after acquiring an additional 407,426 shares during the period. Wellington Management Group LLP raised its holdings in Voya Financial by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock valued at $373,505,000 after acquiring an additional 280,316 shares during the period. Kelly Financial Group LLC bought a new position in Voya Financial in the 1st quarter valued at about $270,680,000. Finally, Pzena Investment Management LLC raised its holdings in Voya Financial by 1.7% in the 2nd quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock valued at $259,949,000 after acquiring an additional 62,093 shares during the period. 96.10% of the stock is owned by institutional investors.

Voya Financial Stock Down 1.3%

Shares of VOYA stock opened at $74.01 on Monday. The stock has a market cap of $7.14 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. The business’s fifty day moving average is $70.65 and its 200-day moving average is $67.70. Voya Financial has a 1 year low of $52.43 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.31. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $2.18 EPS. Equities analysts expect that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 26th. Voya Financial’s dividend payout ratio is currently 36.00%.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.