FY2022 Earnings Forecast for Voya Financial, Inc. (NYSE:VOYA) Issued By Jefferies Financial Group

Voya Financial, Inc. (NYSE:VOYAGet Rating) – Research analysts at Jefferies Financial Group dropped their FY2022 EPS estimates for Voya Financial in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now forecasts that the asset manager will post earnings of $6.95 per share for the year, down from their previous estimate of $7.10. The consensus estimate for Voya Financial’s current full-year earnings is $6.81 per share.

Voya Financial (NYSE:VOYAGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The asset manager reported $2.30 EPS for the quarter, beating the consensus estimate of $1.25 by $1.05. Voya Financial had a net margin of 11.73% and a return on equity of 11.30%. The firm had revenue of $356.00 million during the quarter, compared to the consensus estimate of $231.91 million.

VOYA has been the topic of a number of other research reports. Citigroup cut their price target on shares of Voya Financial from $83.00 to $82.00 in a report on Wednesday, November 16th. Piper Sandler raised their target price on shares of Voya Financial to $74.00 in a report on Thursday, October 13th. Wells Fargo & Company lifted their price target on shares of Voya Financial from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com cut shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 13th. Finally, TheStreet upgraded shares of Voya Financial from a “c” rating to a “b-” rating in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.58.

Voya Financial Price Performance

VOYA stock opened at $67.96 on Friday. Voya Financial has a 1 year low of $56.20 and a 1 year high of $73.43. The firm has a 50-day moving average of $63.66 and a 200 day moving average of $62.95. The company has a market cap of $6.60 billion, a P/E ratio of 11.35, a PEG ratio of 3.29 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.30 and a quick ratio of 0.30.

Hedge Funds Weigh In On Voya Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Voya Financial by 12.0% during the 2nd 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 in the last quarter. Synovus Financial Corp raised its stake in Voya Financial by 1.8% in the 3rd quarter. Synovus Financial Corp now owns 18,358 shares of the asset manager’s stock valued at $1,111,000 after purchasing an additional 327 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Voya Financial in the 2nd quarter valued at about $1,127,000. Prana Capital Management LP increased its stake in shares of 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 during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of 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 during the last quarter.

Insider Buying and Selling

In other news, insider Nancy Ferrara sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $68.00, for a total value of $680,000.00. Following the completion of the transaction, the insider now owns 9,878 shares of the company’s stock, valued at $671,704. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Nancy Ferrara sold 10,000 shares of Voya Financial stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $68.00, for a total value of $680,000.00. Following the completion of the transaction, the insider now owns 9,878 shares in the company, valued at $671,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Robert Katz sold 1,472 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $66.18, for a total transaction of $97,416.96. Following the sale, the insider now directly owns 13,520 shares in the company, valued at approximately $894,753.60. The disclosure for this sale can be found here. 1.44% of the stock is owned by company insiders.

Voya Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Thursday, February 2nd will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Wednesday, February 1st. Voya Financial’s payout ratio is currently 13.36%.

About Voya Financial

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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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Earnings History and Estimates for Voya Financial (NYSE:VOYA)

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