Voya Financial (NYSE:VOYA – Get Rating) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other equities analysts have also recently commented on VOYA. Morgan Stanley lifted their price target on Voya Financial from $78.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. JPMorgan Chase & Co. boosted their target price on Voya Financial from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Truist Financial boosted their target price on Voya Financial from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, February 9th. Royal Bank of Canada boosted their target price on Voya Financial from $79.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Finally, Piper Sandler upped their price target on Voya Financial from $78.00 to $84.00 in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.92.
Voya Financial Stock Up 0.9 %
Shares of NYSE VOYA opened at $77.55 on Thursday. Voya Financial has a 52 week low of $56.20 and a 52 week high of $78.11. The business has a 50-day simple moving average of $72.16 and a two-hundred day simple moving average of $67.58. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.61 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.66 and a beta of 1.15.
Voya Financial (NYSE:VOYA – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The asset manager reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.65. The firm had revenue of $880.00 million during the quarter, compared to the consensus estimate of $259.86 million. Voya Financial had a return on equity of 13.09% and a net margin of 9.37%. During the same quarter last year, the company posted $1.90 EPS. Research analysts anticipate that Voya Financial will post 8.09 earnings per share for the current fiscal year.
Insider Activity at Voya Financial
In other Voya Financial news, insider Santhosh Keshavan sold 3,564 shares of Voya Financial stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $74.06, for a total transaction of $263,949.84. Following the completion of the sale, the insider now directly owns 18,312 shares of the company’s stock, valued at approximately $1,356,186.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Rodney O. Martin, Jr. sold 39,724 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $75.24, for a total transaction of $2,988,833.76. Following the transaction, the director now directly owns 149,671 shares of the company’s stock, valued at approximately $11,261,246.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Santhosh Keshavan sold 3,564 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $74.06, for a total value of $263,949.84. Following the transaction, the insider now directly owns 18,312 shares in the company, valued at $1,356,186.72. The disclosure for this sale can be found here. Insiders sold a total of 223,650 shares of company stock worth $16,595,760 in the last quarter. 1.44% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VOYA. American Century Companies Inc. grew its holdings in Voya Financial by 73.0% in the first quarter. American Century Companies Inc. now owns 32,836 shares of the asset manager’s stock valued at $2,179,000 after purchasing an additional 13,861 shares during the period. HighTower Advisors LLC raised its position in Voya Financial by 6.5% in the first quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock valued at $262,000 after purchasing an additional 243 shares during the period. PNC Financial Services Group Inc. raised its position in Voya Financial by 41.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,368 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 1,270 shares during the period. Natixis Advisors L.P. grew its stake in shares of Voya Financial by 18.9% in the first quarter. Natixis Advisors L.P. now owns 28,056 shares of the asset manager’s stock valued at $1,862,000 after buying an additional 4,469 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Voya Financial in the first quarter valued at $226,000.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.