Voya Financial Inc (VOYA) Receives Consensus Rating of “Buy” from Analysts
Shares of Voya Financial Inc (NYSE:VOYA) have been assigned a consensus recommendation of “Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $59.31.
Several brokerages have commented on VOYA. Wells Fargo & Co set a $62.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Deutsche Bank boosted their price target on shares of Voya Financial from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. ValuEngine cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Bank of America began coverage on shares of Voya Financial in a research report on Monday, March 26th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of Voya Financial in a research report on Wednesday, April 25th. They set an “outperform” rating and a $60.00 price target on the stock.
In other news, insider Charles P. Nelson acquired 13,900 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were bought at an average cost of $50.25 per share, for a total transaction of $698,475.00. Following the purchase, the insider now directly owns 45,382 shares of the company’s stock, valued at $2,280,445.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by insiders.
VOYA traded down $0.74 during trading on Friday, hitting $47.63. The company had a trading volume of 1,580,416 shares, compared to its average volume of 2,173,447. The stock has a market capitalization of $8.25 billion, a P/E ratio of 15.85, a P/E/G ratio of 0.65 and a beta of 1.51. Voya Financial has a one year low of $35.82 and a one year high of $55.27. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.50.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 1st. The asset manager reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). Voya Financial had a negative net margin of 25.86% and a positive return on equity of 4.01%. During the same quarter in the prior year, the firm earned $0.51 earnings per share. equities research analysts predict that Voya Financial will post 4.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Tuesday, May 29th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, May 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. Voya Financial’s dividend payout ratio is presently 1.33%.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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