Voya Financial Inc (NYSE:VOYA) – Research analysts at Keefe, Bruyette & Woods lowered their Q3 2018 earnings per share (EPS) estimates for Voya Financial in a note issued to investors on Thursday, April 12th. Keefe, Bruyette & Woods analyst R. Krueger now expects that the asset manager will post earnings per share of $1.13 for the quarter, down from their prior forecast of $1.15. Keefe, Bruyette & Woods currently has a “Buy” rating and a $55.00 target price on the stock. Keefe, Bruyette & Woods also issued estimates for Voya Financial’s Q4 2018 earnings at $1.23 EPS, Q1 2019 earnings at $1.09 EPS, Q2 2019 earnings at $1.28 EPS, Q4 2019 earnings at $1.45 EPS and FY2019 earnings at $5.15 EPS.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 13th. The asset manager reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.17. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. The company had revenue of $2.19 billion for the quarter.
A number of other equities analysts have also recently commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $59.00 target price on shares of Voya Financial in a report on Tuesday, January 2nd. Evercore ISI raised Voya Financial from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $47.00 to $60.00 in a report on Thursday, December 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $55.00 target price on shares of Voya Financial in a report on Friday, December 22nd. Wells Fargo reaffirmed a “buy” rating on shares of Voya Financial in a report on Wednesday, February 21st. Finally, Deutsche Bank initiated coverage on Voya Financial in a report on Tuesday, January 2nd. They issued a “buy” rating and a $59.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.17.
Shares of Voya Financial stock opened at $52.00 on Monday. Voya Financial has a one year low of $33.53 and a one year high of $54.87. The firm has a market capitalization of $8,803.15, a P/E ratio of 17.28, a P/E/G ratio of 0.77 and a beta of 1.53. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. Voya Financial’s dividend payout ratio is presently 1.33%.
Voya Financial announced that its board has approved a share buyback plan on Tuesday, February 13th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Voya Financial news, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $51.70, for a total transaction of $283,316.00. Following the sale, the insider now directly owns 14,577 shares of the company’s stock, valued at $753,630.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin D. Silva sold 895 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.77, for a total value of $45,439.15. Following the sale, the insider now directly owns 9,299 shares in the company, valued at $472,110.23. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of VOYA. Ladenburg Thalmann Financial Services Inc. raised its holdings in Voya Financial by 92.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 1,008 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Voya Financial during the fourth quarter valued at about $133,000. Advisor Group Inc. raised its holdings in Voya Financial by 171.6% during the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock valued at $226,000 after acquiring an additional 2,891 shares during the period. Eagle Global Advisors LLC bought a new stake in Voya Financial during the fourth quarter valued at about $247,000. Finally, IFM Investors Pty Ltd bought a new stake in Voya Financial during the third quarter valued at about $254,000.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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