Voya Financial, Inc. (NYSE:VOYA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $86.00.

VOYA has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Voya Financial from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Morgan Stanley lowered their price target on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. UBS Group raised Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Finally, Evercore ISI upped their target price on Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th.

Voya Financial Stock Performance

Shares of VOYA stock traded up $0.08 during trading hours on Friday, reaching $81.43. 719,942 shares of the company's stock were exchanged, compared to its average volume of 901,862. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The company's 50 day moving average is $79.32 and its two-hundred day moving average is $74.18. The company has a market cap of $7.84 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. Voya Financial has a 1 year low of $63.11 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 earnings per share. Equities research analysts anticipate that Voya Financial will post 8.2 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.21%. Voya Financial's dividend payout ratio is currently 28.66%.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at approximately $29,000. UMB Bank n.a. raised its holdings in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after acquiring an additional 239 shares in the last quarter. Blue Trust Inc. raised its holdings in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock valued at $65,000 after acquiring an additional 801 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock valued at $62,000 after acquiring an additional 822 shares during the last quarter. Finally, Quarry LP acquired a new position in Voya Financial during the 2nd quarter worth $61,000. Institutional investors and hedge funds own 96.10% of the company's stock.

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.