Voya Financial (NYSE:VOYA) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Voya Financial (NYSE:VOYA – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the asset manager’s stock.

Several other equities analysts have also recently issued reports on VOYA. JPMorgan Chase & Co. boosted their target price on Voya Financial from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Citigroup dropped their target price on Voya Financial from $83.00 to $82.00 in a research report on Wednesday, November 16th. Wells Fargo & Company boosted their target price on Voya Financial from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, February 13th. Piper Sandler boosted their target price on Voya Financial from $78.00 to $84.00 in a research report on Thursday, February 9th. Finally, Truist Financial boosted their target price on Voya Financial from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.17.

Voya Financial Stock Down 4.4 %

VOYA opened at $64.98 on Thursday. The business has a 50 day moving average price of $70.98 and a two-hundred day moving average price of $66.04. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.32 billion, a PE ratio of 14.77, a P/E/G ratio of 0.60 and a beta of 1.16. Voya Financial has a 52 week low of $56.20 and a 52 week high of $78.11.

Voya Financial (NYSE:VOYA – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The asset manager reported $2.18 EPS for the quarter, beating the consensus estimate of $1.53 by $0.65. The firm had revenue of $880.00 million during the quarter, compared to the consensus estimate of $259.86 million. Voya Financial had a return on equity of 13.09% and a net margin of 9.37%. During the same period in the prior year, the business earned $1.90 EPS. As a group, research analysts anticipate that Voya Financial will post 8.13 EPS for the current year.

Insider Activity at Voya Financial

In related news, Director Rodney O. Martin, Jr. sold 39,724 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $75.24, for a total value of $2,988,833.76. Following the sale, the director now owns 149,671 shares of the company’s stock, valued at approximately $11,261,246.04. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Rodney O. Martin, Jr. sold 39,724 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $75.24, for a total value of $2,988,833.76. Following the sale, the director now owns 149,671 shares of the company’s stock, valued at approximately $11,261,246.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Santhosh Keshavan sold 3,564 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $74.06, for a total value of $263,949.84. Following the transaction, the insider now directly owns 18,312 shares in the company, valued at approximately $1,356,186.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,650 shares of company stock valued at $16,595,760. 1.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in shares of Voya Financial by 13.2% during the 4th quarter. Victory Capital Management Inc. now owns 251,244 shares of the asset manager’s stock worth $15,449,000 after purchasing an additional 29,324 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Voya Financial by 11.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,703 shares of the asset manager’s stock worth $350,000 after purchasing an additional 589 shares during the period. Natixis purchased a new position in shares of Voya Financial during the 4th quarter worth $8,941,000. Point72 Middle East FZE purchased a new position in shares of Voya Financial during the 4th quarter worth $970,000. Finally, State of Wyoming raised its position in shares of Voya Financial by 99.2% in the 4th quarter. State of Wyoming now owns 3,586 shares of the asset manager’s stock worth $221,000 after buying an additional 1,786 shares during the period.

Voya Financial Company Profile

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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.