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.

Several institutional investors have recently added to or reduced their stakes in VOYA. Ladenburg Thalmann Financial Services Inc. grew its stake in Voya Financial by 92.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock valued at $103,000 after buying an additional 1,008 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Voya Financial by 66.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after buying an additional 1,007 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Voya Financial in the 1st quarter valued at about $203,000. Gideon Capital Advisors Inc. acquired a new position in Voya Financial in the 1st quarter valued at about $213,000. Finally, Advisor Group Inc. grew its stake in Voya Financial by 171.6% in the 4th quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock valued at $226,000 after buying an additional 2,891 shares during the last quarter.

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.

Analyst Recommendations for Voya Financial (NYSE:VOYA)

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