Shares of Voya Financial, Inc. (NYSE:VOYA) have been given an average rating of “Buy” by the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.11.
Several equities research analysts recently issued reports on the company. BidaskClub raised Voya Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price target (up previously from $44.00) on shares of Voya Financial in a research note on Wednesday. ValuEngine lowered Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Citigroup Inc. set a $51.00 price target on Voya Financial and gave the stock a “buy” rating in a research note on Monday, May 8th.
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In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the transaction, the insider now owns 5,379 shares in the company, valued at approximately $216,666.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Rodney O. Martin, Jr. bought 8,475 shares of Voya Financial stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $35.29 per share, for a total transaction of $299,082.75. Following the acquisition, the chairman now directly owns 114,221 shares in the company, valued at approximately $4,030,859.09. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in VOYA. Mckinley Capital Management LLC Delaware bought a new stake in shares of Voya Financial during the first quarter worth $119,000. Advisory Services Network LLC bought a new stake in shares of Voya Financial during the first quarter worth $152,000. Coconut Grove Bank raised its stake in shares of Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock worth $161,000 after buying an additional 1,960 shares in the last quarter. US Bancorp DE raised its stake in shares of Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock worth $176,000 after buying an additional 2,663 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Voya Financial during the fourth quarter worth $235,000.
Voya Financial (NYSE:VOYA) traded down 0.44% on Friday, hitting $38.50. The company had a trading volume of 729,580 shares. The stock’s market capitalization is $6.92 billion. The stock has a 50 day moving average of $37.99 and a 200-day moving average of $38.21. Voya Financial has a one year low of $27.08 and a one year high of $42.96.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. The company had revenue of $272.90 million during the quarter, compared to the consensus estimate of $318.84 million. During the same period in the previous year, the business earned $0.79 earnings per share. Equities analysts anticipate that Voya Financial will post $3.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. Voya Financial’s dividend payout ratio is presently -1.04%.
About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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