Voya Financial (NYSE:VOYA) Announces Earnings Results

Voya Financial (NYSE:VOYA) announced its quarterly earnings results on Tuesday. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65), Zacks reports. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $68.28 on Wednesday. The company’s fifty day moving average price is $71.46 and its 200 day moving average price is $74.11. Voya Financial has a 1 year low of $63.11 and a 1 year high of $84.30. The company has a market capitalization of $6.57 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VOYA. Bank of America restated a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Piper Sandler lowered their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Royal Bank of Canada lowered their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.27.

Voya Financial Company Profile

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.