Brokerages Set Voya Financial, Inc. (NYSE:VOYA) PT at $86.50

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $85.67.

Several research firms have weighed in on VOYA. Royal Bank of Canada cut their target price on Voya Financial from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday. Raymond James cut shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. Morgan Stanley decreased their price objective on shares of Voya Financial from $76.00 to $75.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Wells Fargo & Company cut their target price on shares of Voya Financial from $92.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target for the company. in a report on Thursday, October 3rd.

Insider Buying and Selling at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.37% of the company's stock.

Institutional Trading of Voya Financial

Several hedge funds have recently bought and sold shares of the stock. M&G Plc lifted its holdings in shares of Voya Financial by 18.6% in the second quarter. M&G Plc now owns 117,706 shares of the asset manager's stock valued at $8,357,000 after purchasing an additional 18,471 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock valued at $146,234,000 after buying an additional 248,795 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock valued at $212,152,000 after acquiring an additional 38,438 shares in the last quarter. International Assets Investment Management LLC boosted its position in Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager's stock worth $1,657,000 after acquiring an additional 20,788 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after acquiring an additional 592,523 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Down 1.2 %

Shares of VOYA stock traded down $0.90 during trading on Wednesday, hitting $71.31. 1,788,921 shares of the company were exchanged, compared to its average volume of 820,396. The business's 50-day simple moving average is $80.77 and its 200 day simple moving average is $75.10. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. As a group, analysts forecast that Voya Financial will post 8.4 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, November 26th. Voya Financial's payout ratio is 28.66%.

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.