Voya Financial Inc. (NYSE:VOYA) has received an average recommendation of “Buy” from the fourteen research firms that are presently covering the firm. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.60.
Several equities analysts recently weighed in on the stock. Wells Fargo & Co. assumed coverage on shares of Voya Financial in a research report on Thursday, September 22nd. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Goldman Sachs Group Inc. cut shares of Voya Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $39.00 to $29.00 in a research report on Friday, July 15th. Deutsche Bank AG dropped their price target on shares of Voya Financial from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, TheStreet cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in Voya Financial by 8.0% in the second quarter. Pacer Advisors Inc. now owns 4,127 shares of the company’s stock worth $102,000 after buying an additional 306 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Voya Financial during the second quarter worth $132,000. Zweig DiMenna Associates LLC acquired a new position in Voya Financial during the second quarter worth $208,000. Loews Corp raised its position in Voya Financial by 32.0% in the second quarter. Loews Corp now owns 9,175 shares of the company’s stock worth $227,000 after buying an additional 2,225 shares in the last quarter. Finally, Advance Capital I Inc. acquired a new position in Voya Financial during the second quarter worth $228,000. Institutional investors and hedge funds own 96.83% of the company’s stock.
Shares of Voya Financial (NYSE:VOYA) opened at 28.82 on Wednesday. The company has a market cap of $5.77 billion, a PE ratio of 21.40 and a beta of 1.55. Voya Financial has a one year low of $22.75 and a one year high of $42.45. The stock’s 50 day moving average price is $28.71 and its 200-day moving average price is $29.11.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Voya Financial had a net margin of 2.88% and a return on equity of 3.44%. During the same period in the previous year, the business posted $0.78 EPS. On average, analysts expect that Voya Financial will post $3.02 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.01 per share. The ex-dividend date was Monday, August 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. Voya Financial’s payout ratio is currently 2.86%.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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