Q4 2022 EPS Estimates for Voya Financial, Inc. Reduced by Jefferies Financial Group (NYSE:VOYA)

Voya Financial, Inc. (NYSE:VOYAGet Rating) – Investment analysts at Jefferies Financial Group cut their Q4 2022 earnings per share (EPS) estimates for shares of Voya Financial in a report issued on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now expects that the asset manager will post earnings of $1.67 per share for the quarter, down from their prior estimate of $1.68. The consensus estimate for Voya Financial’s current full-year earnings is $6.65 per share.

VOYA has been the subject of a number of other reports. Piper Sandler boosted their price target on Voya Financial to $74.00 in a report on Thursday, October 13th. Wells Fargo & Company upped their price objective on Voya Financial from $75.00 to $86.00 in a research note on Thursday, November 3rd. Evercore ISI upped their price objective on Voya Financial to $81.00 in a research note on Tuesday, August 9th. Royal Bank of Canada lowered their price objective on Voya Financial from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. Finally, Credit Suisse Group upped their price objective on Voya Financial from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.42.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $64.53 on Wednesday. Voya Financial has a twelve month low of $56.20 and a twelve month high of $74.97. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 3.62 and a beta of 1.18. The business has a 50 day simple moving average of $64.40 and a 200-day simple moving average of $62.79.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Monday, November 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. Voya Financial’s payout ratio is 13.36%.

Insider Activity

In other news, insider Michael Robert Katz sold 1,472 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $66.18, for a total value of $97,416.96. Following the completion of the sale, the insider now owns 13,520 shares in the company, valued at $894,753.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Michael S. Smith sold 8,342 shares of the company’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $62.89, for a total transaction of $524,628.38. Following the transaction, the insider now directly owns 196,752 shares of the company’s stock, valued at $12,373,733.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Robert Katz sold 1,472 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $66.18, for a total value of $97,416.96. Following the transaction, the insider now directly owns 13,520 shares in the company, valued at $894,753.60. The disclosure for this sale can be found here. Insiders sold a total of 19,814 shares of company stock worth $1,302,045 over the last 90 days. 1.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its position in Voya Financial by 60.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 471 shares of the asset manager’s stock worth $28,000 after purchasing an additional 178 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Voya Financial by 284.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 457 shares of the asset manager’s stock worth $28,000 after purchasing an additional 338 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Voya Financial during the 1st quarter valued at about $33,000. SeaCrest Wealth Management LLC acquired a new position in shares of Voya Financial during the 2nd quarter valued at about $36,000. Finally, Guardian Wealth Advisors LLC acquired a new position in shares of Voya Financial during the 3rd quarter valued at about $36,000.

Voya Financial Company Profile

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Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.

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Earnings History and Estimates for Voya Financial (NYSE:VOYA)

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