Voya Financial (NYSE:VOYA) Upgraded at UBS Group

Voya Financial (NYSE:VOYA) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Thursday, October 3rd. Piper Sandler raised their price objective on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Bank of America increased their target price on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Evercore ISI raised their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Voya Financial Stock Up 0.1 %

VOYA stock opened at $83.32 on Monday. The firm’s 50 day moving average price is $78.66 and its 200-day moving average price is $73.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $8.02 billion, a PE ratio of 13.27, a PEG ratio of 0.59 and a beta of 1.03. Voya Financial has a one year low of $63.11 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 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 business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that Voya Financial will post 8.21 EPS for the current year.

Insider Buying and Selling

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Voya Financial

A number of hedge funds have recently made changes to their positions in the company. Arjuna Capital increased its stake in Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock valued at $1,401,000 after buying an additional 161 shares during the period. US Bancorp DE increased its stake in shares of Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 202 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after purchasing an additional 210 shares in the last quarter. UMB Bank n.a. lifted its position in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

About Voya Financial

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.