Voya Financial, Inc. (NYSE:VOYA) issued its earnings results on Wednesday. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.12. Voya Financial had a positive return on equity of 3.37% and a negative net margin of 0.02%. During the same quarter in the prior year, the business earned $0.91 earnings per share.
Voya Financial (NYSE:VOYA) opened at 39.28 on Thursday. The firm’s market cap is $7.64 billion. Voya Financial has a 1-year low of $22.75 and a 1-year high of $41.58. The stock has a 50 day moving average price of $40.06 and a 200 day moving average price of $33.63.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Tuesday, February 28th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Friday, February 24th. Voya Financial’s dividend payout ratio is currently -400.00%.
Several research analysts have commented on VOYA shares. BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of Voya Financial in a research note on Wednesday, October 26th. Citigroup Inc. started coverage on Voya Financial in a research note on Thursday, January 26th. They set a “buy” rating and a $51.00 target price for the company. Deutsche Bank AG boosted their target price on Voya Financial from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. TheStreet downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, RBC Capital Markets downgraded Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Voya Financial currently has a consensus rating of “Hold” and a consensus price target of $39.40.
In other news, insider Nancy Ferrara sold 1,395 shares of Voya Financial stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $35.67, for a total transaction of $49,759.65. Following the completion of the sale, the insider now owns 17,915 shares in the company, valued at approximately $639,028.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its position in Voya Financial by 12.5% in the third quarter. Pzena Investment Management LLC now owns 17,077,755 shares of the company’s stock valued at $492,181,000 after buying an additional 1,902,326 shares during the last quarter. Bank of New York Mellon Corp raised its position in Voya Financial by 14.7% in the third quarter. Bank of New York Mellon Corp now owns 7,544,347 shares of the company’s stock valued at $217,427,000 after buying an additional 964,646 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Voya Financial by 4.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,714,797 shares of the company’s stock valued at $164,700,000 after buying an additional 226,833 shares during the last quarter. Numeric Investors LLC raised its position in Voya Financial by 36.3% in the second quarter. Numeric Investors LLC now owns 3,805,369 shares of the company’s stock valued at $94,221,000 after buying an additional 1,012,700 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Voya Financial during the fourth quarter valued at $126,038,000. 99.04% of the stock is currently owned by institutional investors and hedge funds.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.