Voya Financial (NYSE:VOYA – Get Rating) had its price objective boosted by investment analysts at Wells Fargo & Company from $86.00 to $88.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 33.37% from the stock’s current price.
VOYA has been the topic of a number of other research reports. Citigroup lowered their price objective on Voya Financial from $83.00 to $82.00 in a research report on Wednesday, November 16th. Piper Sandler increased their price objective on Voya Financial to $74.00 in a research report on Thursday, October 13th. Raymond James initiated coverage on Voya Financial in a research report on Wednesday, September 21st. They issued a “strong-buy” rating and a $84.00 price objective on the stock. TheStreet upgraded Voya Financial from a “c” rating to a “b-” rating in a research report on Monday, October 24th. Finally, JPMorgan Chase & Co. upgraded Voya Financial from a “neutral” rating to an “overweight” rating and raised their price target for the company from $75.00 to $77.00 in a research report on Friday, January 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.58.
Voya Financial Price Performance
Voya Financial stock opened at $65.98 on Wednesday. Voya Financial has a one year low of $56.20 and a one year high of $73.43. The business has a fifty day moving average price of $63.67 and a 200-day moving average price of $62.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $6.41 billion, a P/E ratio of 11.02, a PEG ratio of 3.29 and a beta of 1.15.
Insider Transactions at Voya Financial
In other news, insider Nancy Ferrara sold 10,000 shares of Voya Financial stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $68.00, for a total value of $680,000.00. Following the transaction, the insider now owns 9,878 shares in the company, valued at $671,704. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Michael Robert Katz sold 1,472 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $66.18, for a total value of $97,416.96. Following the sale, the insider now directly owns 13,520 shares of the company’s stock, valued at $894,753.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nancy Ferrara sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $68.00, for a total value of $680,000.00. Following the completion of the sale, the insider now directly owns 9,878 shares in the company, valued at $671,704. The disclosure for this sale can be found here. Company insiders own 1.44% of the company’s stock.
Institutional Trading of Voya Financial
Large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of Voya Financial by 12.0% in the second quarter. Victory Capital Management Inc. now owns 224,115 shares of the asset manager’s stock worth $13,341,000 after purchasing an additional 24,054 shares during the last quarter. Synovus Financial Corp boosted its position in Voya Financial by 1.8% during the 3rd quarter. Synovus Financial Corp now owns 18,358 shares of the asset manager’s stock valued at $1,111,000 after acquiring an additional 327 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Voya Financial during the 2nd quarter valued at approximately $1,127,000. Prana Capital Management LP boosted its position in Voya Financial by 126.8% during the 2nd quarter. Prana Capital Management LP now owns 397,159 shares of the asset manager’s stock valued at $23,643,000 after acquiring an additional 222,043 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Voya Financial by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 294,048 shares of the asset manager’s stock valued at $17,505,000 after acquiring an additional 7,622 shares in the last quarter.
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.
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