ValuEngine Upgrades Voya Financial, Inc. (NYSE:VOYA) to “Strong-Buy”
Voya Financial, Inc. (NYSE:VOYA) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, July 11th.
A number of other brokerages have also issued reports on VOYA. Citigroup Inc. set a $51.00 target price on Voya Financial and gave the stock a “buy” rating in a research report on Monday, May 8th. J P Morgan Chase & Co lowered their price objective on Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Monday, April 3rd. BidaskClub raised Voya Financial from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a report on Monday, April 10th. Finally, Morgan Stanley boosted their price objective on Voya Financial from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.11.
Voya Financial (VOYA) remained flat at $40.73 during midday trading on Tuesday. 1,616,142 shares of the company’s stock traded hands. The stock’s market capitalization is $7.57 billion. Voya Financial has a 52-week low of $27.08 and a 52-week high of $42.96. The company’s 50-day moving average is $37.63 and its 200 day moving average is $38.19.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data 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. The company had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same quarter in the prior year, the firm earned $0.79 EPS. Analysts predict that Voya Financial will post $3.38 EPS for the current fiscal year.
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In other news, insider Michael S. Smith bought 5,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were bought at an average cost of $35.24 per share, with a total value of $176,200.00. Following the purchase, the insider now directly owns 69,142 shares in the company, valued at $2,436,564.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the sale, the insider now directly owns 5,379 shares in the company, valued at $216,666.12. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
A number of hedge funds have recently made changes to their positions in VOYA. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Voya Financial during the first quarter valued at about $119,000. Advisory Services Network LLC purchased a new stake in shares of Voya Financial during the first quarter valued at about $152,000. Coconut Grove Bank increased 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 valued at $161,000 after buying an additional 1,960 shares during the period. US Bancorp DE increased 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 valued at $176,000 after buying an additional 2,663 shares during the period. Finally, Barings LLC purchased a new stake in shares of Voya Financial during the fourth quarter valued at about $204,000.
Voya Financial Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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