TheStreet Upgrades Voya Financial (NYSE:VOYA) to “B”
Voya Financial (NYSE:VOYA) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.
VOYA has been the subject of a number of other reports. SunTrust Banks boosted their target price on shares of Voya Financial to $58.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Morgan Stanley set a $63.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a report on Friday, September 13th. Citigroup reduced their price target on shares of Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. ValuEngine upgraded shares of Voya Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, UBS Group boosted their price objective on shares of Voya Financial from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Voya Financial has a consensus rating of “Hold” and a consensus price target of $59.88.
Shares of VOYA stock opened at $57.76 on Friday. Voya Financial has a 52-week low of $36.66 and a 52-week high of $59.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $7.86 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.53 and a beta of 1.51. The stock has a 50 day moving average price of $56.00 and a 200 day moving average price of $54.06.
In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 129,684 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $57.86, for a total value of $7,503,516.24. Following the completion of the sale, the chief executive officer now directly owns 159,373 shares in the company, valued at approximately $9,221,321.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.69% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in shares of Voya Financial by 3.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,622 shares of the asset manager’s stock valued at $1,085,000 after acquiring an additional 679 shares during the period. Strs Ohio boosted its position in Voya Financial by 18.7% during the second quarter. Strs Ohio now owns 11,180 shares of the asset manager’s stock valued at $618,000 after purchasing an additional 1,759 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Voya Financial by 6.0% in the second quarter. Wetherby Asset Management Inc. now owns 7,091 shares of the asset manager’s stock valued at $392,000 after purchasing an additional 400 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in Voya Financial by 0.3% in the second quarter. Virginia Retirement Systems ET AL now owns 116,900 shares of the asset manager’s stock valued at $6,465,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Voya Financial by 477.6% in the second quarter. SG Americas Securities LLC now owns 52,229 shares of the asset manager’s stock worth $2,888,000 after purchasing an additional 43,187 shares in the last quarter.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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