DOWLING & PARTN Comments on Voya Financial FY2027 Earnings

Voya Financial, Inc. (NYSE:VOYA) – Equities researchers at DOWLING & PARTN issued their FY2027 earnings per share (EPS) estimates for Voya Financial in a research report issued on Wednesday, May 20th. DOWLING & PARTN analyst J. Hurwitz anticipates that the asset manager will post earnings per share of $10.50 for the year. The consensus estimate for Voya Financial’s current full-year earnings is $9.62 per share. DOWLING & PARTN also issued estimates for Voya Financial’s FY2028 earnings at $12.00 EPS.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business posted $2.00 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.

VOYA has been the subject of a number of other research reports. Evercore dropped their price target on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Bank of America dropped their price objective on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. TD Cowen initiated coverage on Voya Financial in a research report on Monday, April 20th. They set a “buy” rating and a $100.00 price objective for the company. Wells Fargo & Company lifted their price objective on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Finally, Barclays lifted their price objective on Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.30.

Voya Financial Trading Down 1.6%

Shares of VOYA stock opened at $81.11 on Thursday. Voya Financial has a fifty-two week low of $64.50 and a fifty-two week high of $84.00. The stock has a market cap of $7.35 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.74 and a beta of 0.94. The business has a fifty day simple moving average of $75.06 and a 200-day simple moving average of $73.71. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s payout ratio is currently 28.40%.

Hedge Funds Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently modified their holdings of VOYA. Hudson Bay Capital Management LP lifted its position in Voya Financial by 21.1% during the 3rd quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock worth $11,329,000 after acquiring an additional 26,346 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Voya Financial by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock worth $181,901,000 after acquiring an additional 43,513 shares in the last quarter. Cadence Bank lifted its position in Voya Financial by 59.9% during the 3rd quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock worth $3,688,000 after acquiring an additional 18,462 shares in the last quarter. Prana Capital Management LP acquired a new position in Voya Financial during the 3rd quarter worth approximately $2,454,000. Finally, Impax Asset Management Group plc lifted its position in Voya Financial by 11.4% during the 4th quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock worth $15,129,000 after acquiring an additional 20,722 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.