Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $83.73.

VOYA has been the topic of several research analyst reports. Bank of America reissued a "neutral" rating and issued a $83.00 price objective (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Barclays cut their price objective on shares of Voya Financial from $85.00 to $81.00 and set an "overweight" rating for the company in a report on Tuesday, December 10th. Royal Bank of Canada lowered their price target on shares of Voya Financial from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Finally, Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the firm'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Voya Financial

Large investors have recently made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Voya Financial by 420.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock worth $4,812,000 after buying an additional 52,032 shares during the last quarter. Four Tree Island Advisory LLC acquired a new position in Voya Financial during the fourth quarter worth about $4,243,000. Empowered Funds LLC lifted its holdings in shares of Voya Financial by 20.7% in the fourth quarter. Empowered Funds LLC now owns 33,346 shares of the asset manager's stock valued at $2,295,000 after purchasing an additional 5,712 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Voya Financial by 23.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 35,334 shares of the asset manager's stock valued at $2,432,000 after purchasing an additional 6,725 shares during the last quarter. Finally, Vest Financial LLC increased its stake in shares of Voya Financial by 85.2% during the 4th quarter. Vest Financial LLC now owns 36,331 shares of the asset manager's stock worth $2,501,000 after purchasing an additional 16,719 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

Voya Financial stock traded down $1.85 during mid-day trading on Thursday, reaching $69.98. 204,705 shares of the company traded hands, compared to its average volume of 645,111. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The firm's fifty day moving average is $72.44 and its two-hundred day moving average is $74.18. 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 has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Voya Financial will post 7.25 earnings per share for the current fiscal year.

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.