
Voya Financial, Inc. (NYSE:VOYA – Free Report) – Research analysts at DOWLING & PARTN cut their FY2026 earnings estimates for shares of Voya Financial in a note issued to investors on Tuesday, November 10th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the asset manager will post earnings of $9.20 per share for the year, down from their prior estimate of $9.35. The consensus estimate for Voya Financial’s current full-year earnings is $9.16 per share.
Several other equities analysts have also weighed in on VOYA. Wells Fargo & Company increased their target price on Voya Financial from $102.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday. Barclays boosted their target price on Voya Financial from $105.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. lowered their price target on Voya Financial from $109.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Morgan Stanley upped their price target on Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Finally, Keefe, Bruyette & Woods downgraded shares of Voya Financial from an “outperform” rating to a “market perform” rating and cut their price target for the company from $110.00 to $108.00 in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.00.
Check Out Our Latest Report on VOYA
Voya Financial Stock Down 1.5%
Shares of Voya Financial stock opened at $102.15 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.61. Voya Financial has a 12 month low of $64.50 and a 12 month high of $106.79. The business has a fifty day simple moving average of $98.75 and a 200 day simple moving average of $87.38. The stock has a market cap of $9.12 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.85.
Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The asset manager reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Voya Financial had a return on equity of 12.67% and a net margin of 7.75%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business posted $2.45 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG acquired a new position in shares of Voya Financial in the 2nd quarter valued at approximately $1,010,000. Quantinno Capital Management LP increased its stake in Voya Financial by 6.8% during the 1st quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after purchasing an additional 15,186 shares in the last quarter. BlackRock Inc. bought a new stake in Voya Financial during the 2nd quarter worth approximately $850,187,000. Tidal Investments LLC raised its holdings in Voya Financial by 172.7% during the 2nd quarter. Tidal Investments LLC now owns 21,487 shares of the asset manager’s stock worth $1,945,000 after buying an additional 13,608 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Voya Financial during the 2nd quarter worth approximately $2,045,000. 96.10% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Voya Financial
In related news, insider Trevor Ogle sold 2,093 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $95.81, for a total transaction of $200,530.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.
Voya Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, November 24th will be given a $0.57 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Voya Financial’s previous quarterly dividend of $0.47. Voya Financial’s dividend payout ratio is currently 30.23%.
About Voya Financial
Voya Financial, Inc. is a U.S.-based financial services company focused on workplace benefits, retirement plans and investment management. It serves employers, plan sponsors, institutions and individuals, primarily in the United States. The company provides workplace retirement savings plans and related services, along with employee benefits such as group life, disability and supplemental health coverage. Through its investment management business, Voya offers investment strategies and services to institutional and individual clients.
Recommended Stories
- Five stocks we like better than Voya Financial
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
