Shares of Voya Financial Inc (NYSE:VOYA) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $59.20.
A number of brokerages have issued reports on VOYA. Morgan Stanley set a $64.00 price target on Voya Financial and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine lowered Voya Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada set a $60.00 price target on Voya Financial and gave the company a “buy” rating in a research note on Wednesday, August 7th.
VOYA traded up $0.75 during trading hours on Friday, hitting $49.22. The company’s stock had a trading volume of 2,012,066 shares, compared to its average volume of 1,457,169. Voya Financial has a fifty-two week low of $36.66 and a fifty-two week high of $57.57. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $6.79 billion, a PE ratio of 12.18, a PEG ratio of 0.43 and a beta of 1.46. The company has a 50-day simple moving average of $54.69 and a 200 day simple moving average of $52.57.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.15 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, August 28th. Voya Financial’s dividend payout ratio (DPR) is presently 0.99%.
In related news, Director Byron H. Pollitt, Jr. acquired 1,000 shares of Voya Financial stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $51.26 per share, with a total value of $51,260.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Patricia J. Walsh sold 1,870 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $53.69, for a total value of $100,400.30. Following the sale, the insider now directly owns 27,488 shares of the company’s stock, valued at $1,475,830.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,500 shares of company stock valued at $125,555. 1.69% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Voya Financial by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,090,289 shares of the asset manager’s stock valued at $83,902,000 after acquiring an additional 409,431 shares in the last quarter. FMR LLC raised its holdings in shares of Voya Financial by 114.8% in the fourth quarter. FMR LLC now owns 907,452 shares of the asset manager’s stock valued at $36,425,000 after acquiring an additional 484,977 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Voya Financial by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,491,333 shares of the asset manager’s stock valued at $59,819,000 after acquiring an additional 5,846 shares in the last quarter. We Are One Seven LLC raised its holdings in shares of Voya Financial by 479,079.2% in the first quarter. We Are One Seven LLC now owns 115,003 shares of the asset manager’s stock valued at $116,000 after acquiring an additional 114,979 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of Voya Financial by 147.5% in the first quarter. DNB Asset Management AS now owns 42,228 shares of the asset manager’s stock valued at $2,110,000 after acquiring an additional 25,164 shares in the last quarter.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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