DOWLING & PARTN Comments on Voya Financial FY2027 Earnings

Voya Financial, Inc. (NYSE:VOYA) – Equities research analysts at DOWLING & PARTN issued their FY2027 earnings per share estimates for shares of Voya Financial in a research note issued on Wednesday, May 20th. DOWLING & PARTN analyst J. Hurwitz forecasts that the asset manager will post earnings of $10.50 per share for the year. The consensus estimate for Voya Financial’s current full-year earnings is $9.62 per share. DOWLING & PARTN also issued estimates for Voya Financial’s FY2028 earnings at $12.00 EPS.

Several other equities research analysts also recently issued reports on the company. UBS Group lifted their price objective on Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Morgan Stanley lifted their price objective on Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Company lifted their price objective on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. TD Cowen started coverage on Voya Financial in a report on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Barclays lifted their price objective on Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average target price of $88.30.

Voya Financial Price Performance

VOYA stock opened at $81.11 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial has a 52-week low of $64.50 and a 52-week high of $84.00. The stock’s 50 day moving average is $75.06 and its two-hundred day moving average is $73.71. The company has a market capitalization of $7.35 billion, a PE ratio of 12.25, a P/E/G ratio of 0.74 and a beta of 0.94.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $2.00 EPS. Voya Financial’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in Voya Financial during the 3rd quarter valued at approximately $26,000. Allworth Financial LP boosted its position in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Voya Financial during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Voya Financial during the 4th quarter valued at approximately $33,000. Finally, Systematic Financial Management LP acquired a new position in Voya Financial during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Voya Financial’s payout ratio is currently 28.40%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.