Analysts Set Voya Financial, Inc. (NYSE:VOYA) Price Target at $83.73

Shares of Voya Financial, Inc. (NYSE:VOYA) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.27.

VOYA has been the topic of several research reports. Barclays dropped their target price on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada dropped their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th.

Insider Activity at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently bought and sold shares of VOYA. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial in the 3rd quarter worth about $29,000. UMB Bank n.a. boosted its position in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after buying an additional 239 shares during the period. R Squared Ltd purchased a new stake in Voya Financial in the 4th quarter valued at about $41,000. Venturi Wealth Management LLC boosted its position in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Trading Down 3.0 %

Shares of VOYA stock opened at $68.89 on Thursday. Voya Financial has a 12-month low of $63.11 and a 12-month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $71.74 and its 200 day moving average is $74.13. The stock has a market capitalization of $6.63 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.49 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company posted $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts expect that Voya Financial will post 7.11 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.