Shares of Voya Financial Inc (NYSE:VOYA) have earned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $55.42.
VOYA has been the topic of a number of recent research reports. SunTrust Banks lifted their price target on shares of Voya Financial to $54.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. BTIG Research reaffirmed a “buy” rating and set a $59.00 price target on shares of Voya Financial in a research report on Tuesday, January 2nd. Wells Fargo reaffirmed a “buy” rating on shares of Voya Financial in a research report on Wednesday, February 21st. Bank of America initiated coverage on shares of Voya Financial in a research report on Monday, March 26th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price target on shares of Voya Financial in a research report on Friday, December 22nd.
Voya Financial stock traded down $1.69 during trading on Wednesday, reaching $48.81. The company had a trading volume of 1,289,756 shares, compared to its average volume of 2,456,717. Voya Financial has a 12-month low of $33.53 and a 12-month high of $54.87. The company has a market cap of $8,686.19, a price-to-earnings ratio of 16.22, a PEG ratio of 0.75 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.18 and a current ratio of 0.18.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%. The firm had revenue of $2.19 billion during the quarter. sell-side analysts predict that Voya Financial will post 4.28 EPS for the current year.
Voya Financial declared that its board has approved a share repurchase program on Tuesday, February 13th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s payout ratio is currently 1.33%.
In other news, insider Kevin D. Silva sold 5,480 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total transaction of $283,316.00. Following the transaction, the insider now directly owns 14,577 shares of the company’s stock, valued at $753,630.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin D. Silva sold 895 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.77, for a total transaction of $45,439.15. Following the transaction, the insider now directly owns 9,299 shares in the company, valued at $472,110.23. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of VOYA. TIAA CREF Investment Management LLC lifted its position in shares of Voya Financial by 470.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock worth $98,946,000 after purchasing an additional 1,649,729 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Voya Financial by 214.6% in the fourth quarter. Teachers Advisors LLC now owns 781,195 shares of the asset manager’s stock worth $38,646,000 after buying an additional 532,904 shares during the last quarter. Lomas Capital Management LLC bought a new stake in shares of Voya Financial in the fourth quarter worth $24,717,000. Prana Capital Management LP bought a new stake in shares of Voya Financial in the fourth quarter worth $24,064,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Voya Financial in the fourth quarter worth $20,560,000.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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