Voya Financial (VOYA) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of Voya Financial (NYSE:VOYA) from a buy rating to a hold rating in a research report report published on Thursday morning.

Several other research firms have also weighed in on VOYA. Goldman Sachs Group initiated coverage on shares of Voya Financial in a report on Wednesday, June 20th. They set a neutral rating and a $60.00 target price on the stock. Morgan Stanley lifted their target price on shares of Voya Financial from $59.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, May 2nd. Barclays initiated coverage on shares of Voya Financial in a report on Friday, June 8th. They set an equal weight rating and a $55.00 target price on the stock. UBS Group initiated coverage on shares of Voya Financial in a report on Friday, March 2nd. They set a buy rating and a $65.00 target price on the stock. Finally, Wells Fargo & Co set a $62.00 target price on shares of Voya Financial and gave the company a buy rating in a report on Tuesday, May 1st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $59.46.

Voya Financial opened at $47.00 on Thursday, Marketbeat.com reports. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.96 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 0.63 and a beta of 1.52. Voya Financial has a twelve month low of $35.82 and a twelve month high of $55.27.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 1st. The asset manager reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). Voya Financial had a negative net margin of 25.86% and a positive return on equity of 4.01%. During the same quarter last year, the business posted $0.51 EPS. sell-side analysts forecast that Voya Financial will post 4.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Tuesday, May 29th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday, May 25th. Voya Financial’s payout ratio is currently 1.33%.

In related news, insider Charles P. Nelson bought 13,900 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The stock was bought at an average price of $50.25 per share, with a total value of $698,475.00. Following the transaction, the insider now owns 45,382 shares of the company’s stock, valued at $2,280,445.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Castleark Management LLC bought a new stake in shares of Voya Financial in the 4th quarter worth about $5,362,000. Quantitative Investment Management LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at about $326,000. Two Sigma Investments LP boosted its holdings in shares of Voya Financial by 19.1% in the 4th quarter. Two Sigma Investments LP now owns 308,322 shares of the asset manager’s stock valued at $15,253,000 after buying an additional 49,529 shares during the period. Advisor Group Inc. boosted its holdings in shares of Voya Financial by 171.6% in the 4th quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock valued at $226,000 after buying an additional 2,891 shares during the period. Finally, Eagle Global Advisors LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at about $247,000.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Voya Financial (NYSE:VOYA)

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