Voya Financial (NYSE:VOYA) Upgraded to “Hold” by StockNews.com

Voya Financial (NYSE:VOYAGet Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts also recently issued reports on VOYA. TheStreet raised Voya Financial from a “c” rating to a “b-” rating in a research report on Monday, October 24th. Wells Fargo & Company upped their price target on shares of Voya Financial from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Voya Financial from $78.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 10th. JPMorgan Chase & Co. raised shares of Voya Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $75.00 to $77.00 in a research note on Friday, January 6th. Finally, Piper Sandler increased their price objective on shares of Voya Financial to $74.00 in a research report on Thursday, October 13th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.58.

Voya Financial Price Performance

NYSE:VOYA opened at $67.96 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $63.66 and its two-hundred day simple moving average is $62.95. The stock has a market cap of $6.60 billion, a PE ratio of 11.35, a P/E/G ratio of 3.29 and a beta of 1.15. Voya Financial has a 52 week low of $56.20 and a 52 week high of $73.43.

Voya Financial (NYSE:VOYAGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The asset manager reported $2.30 EPS for the quarter, topping the consensus estimate of $1.25 by $1.05. Voya Financial had a return on equity of 11.30% and a net margin of 11.73%. The company had revenue of $356.00 million during the quarter, compared to analyst estimates of $231.91 million. As a group, analysts forecast that Voya Financial will post 6.81 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Voya Financial

Several institutional investors have recently modified their holdings of VOYA. American Century Companies Inc. grew its position in shares of Voya Financial by 73.0% in the 1st 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 stake in shares of Voya Financial by 6.5% during the 1st quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock worth $262,000 after purchasing an additional 243 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Voya Financial by 41.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,368 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 1,270 shares during the period. Natixis Advisors L.P. raised its stake in Voya Financial by 18.9% in the 1st quarter. Natixis Advisors L.P. now owns 28,056 shares of the asset manager’s stock valued at $1,862,000 after acquiring an additional 4,469 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in Voya Financial in the 1st quarter valued at $226,000.

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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