Several other brokerages have also recently issued reports on VOYA. Deutsche Bank AG cut their price target on Voya Financial from $41.00 to $37.00 and set a buy rating for the company in a research note on Thursday, July 7th. Citigroup Inc. cut their price target on Voya Financial from $34.00 to $29.00 and set a neutral rating for the company in a research note on Thursday, July 7th. Evercore ISI assumed coverage on Voya Financial in a research note on Wednesday, July 6th. They issued a hold rating and a $31.00 price target for the company. Zacks Investment Research cut Voya Financial from a hold rating to a sell rating in a research note on Wednesday, July 20th. Finally, JPMorgan Chase & Co. reiterated a hold rating and issued a $38.00 price target on shares of Voya Financial in a research note on Wednesday, July 6th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $38.73.
Shares of Voya Financial (NYSE:VOYA) opened at 28.33 on Thursday. The company’s 50-day moving average price is $28.61 and its 200-day moving average price is $29.16. The firm has a market capitalization of $5.67 billion, a PE ratio of 21.03 and a beta of 1.55. Voya Financial has a 12-month low of $22.75 and a 12-month high of $42.45.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Analysts anticipate that Voya Financial will post $3.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.01 per share. The ex-dividend date is Monday, August 29th. This represents a $0.04 annualized dividend and a yield of 0.14%. Voya Financial’s dividend payout ratio is currently 2.86%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Voya Financial by 7.6% in the first quarter. Legal & General Group Plc now owns 1,027,747 shares of the company’s stock valued at $30,599,000 after buying an additional 72,230 shares during the period. Renaissance Technologies LLC increased its position in shares of Voya Financial by 107.7% in the first quarter. Renaissance Technologies LLC now owns 1,251,200 shares of the company’s stock valued at $37,248,000 after buying an additional 648,800 shares during the period. Geode Capital Management LLC increased its position in shares of Voya Financial by 1.5% in the first quarter. Geode Capital Management LLC now owns 1,317,011 shares of the company’s stock valued at $39,183,000 after buying an additional 19,668 shares during the period. Credit Agricole S A increased its position in shares of Voya Financial by 22.0% in the first quarter. Credit Agricole S A now owns 197,977 shares of the company’s stock valued at $5,894,000 after buying an additional 35,711 shares during the period. Finally, Zurich Insurance Group Ltd FI increased its position in shares of Voya Financial by 74.1% in the first quarter. Zurich Insurance Group Ltd FI now owns 54,831 shares of the company’s stock valued at $1,632,000 after buying an additional 23,340 shares during the period. Institutional investors and hedge funds own 96.83% of the company’s stock.
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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