Analysts Set Voya Financial, Inc. (NYSE:VOYA) PT at $83.44

Voya Financial, Inc. (NYSE:VOYA) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $83.44.

VOYA has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Evercore ISI lifted their target price on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley lowered their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Finally, Piper Sandler lifted their price objective on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th.

Voya Financial Stock Down 0.1 %

Shares of VOYA opened at $72.85 on Wednesday. The company has a market capitalization of $7.34 billion, a PE ratio of 10.35, a PEG ratio of 0.51 and a beta of 1.07. Voya Financial has a 12 month low of $63.02 and a 12 month high of $77.00. The stock’s 50-day moving average price is $72.20 and its two-hundred day moving average price is $71.52. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, topping the consensus estimate of $1.58 by $0.30. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.80 billion. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 EPS. On average, analysts anticipate that Voya Financial will post 8.53 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, May 24th. Voya Financial’s payout ratio is 22.73%.

Insider Activity at Voya Financial

In related news, Director Yvette S. Butler sold 2,165 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOYA. Chilton Capital Management LLC bought a new stake in Voya Financial during the 4th quarter worth approximately $26,000. SYSTM Wealth Solutions LLC increased its holdings in Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after purchasing an additional 149 shares in the last quarter. Clearstead Advisors LLC bought a new stake in Voya Financial during the 3rd quarter worth approximately $33,000. FinTrust Capital Advisors LLC bought a new stake in Voya Financial during the 1st quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC increased its holdings in Voya Financial by 213.2% during the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after purchasing an additional 405 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

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.