Voya Financial (NYSE:VOYA) Reaches New 52-Week Low on Analyst Downgrade

Voya Financial, Inc. (NYSE:VOYA - Get Free Report)'s share price reached a new 52-week low on Thursday after UBS Group lowered their price target on the stock from $94.00 to $89.00. UBS Group currently has a buy rating on the stock. Voya Financial traded as low as $63.17 and last traded at $63.28, with a volume of 189385 shares changing hands. The stock had previously closed at $69.01.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Piper Sandler decreased their target price on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. Finally, Evercore ISI lowered their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Voya Financial presently has an average rating of "Hold" and an average target price of $82.83.

Hedge Funds Weigh In On Voya Financial

Several large investors have recently bought and sold shares of VOYA. GAMMA Investing LLC grew its position in shares of Voya Financial by 8,582.2% during the first quarter. GAMMA Investing LLC now owns 104,621 shares of the asset manager's stock worth $7,089,000 after acquiring an additional 103,416 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after buying an additional 773 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Voya Financial during the fourth quarter worth about $415,000. Worldquant Millennium Advisors LLC grew its holdings in shares of Voya Financial by 37.3% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 8,006 shares of the asset manager's stock worth $551,000 after buying an additional 2,177 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Voya Financial during the fourth quarter worth about $250,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Price Performance

The company has a 50-day moving average of $69.62 and a 200-day moving average of $73.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is 29.41%.

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.