FY2027 EPS Estimate for Voya Financial Increased by Analyst

Voya Financial, Inc. (NYSE:VOYA) – Research analysts at DOWLING & PARTN lifted their FY2027 EPS estimates for shares of Voya Financial in a report issued on Tuesday, September 29th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the asset manager will earn $11.45 per share for the year, up from their prior estimate of $11.25. The consensus estimate for Voya Financial’s current full-year earnings is $9.21 per share. DOWLING & PARTN also issued estimates for Voya Financial’s FY2028 earnings at $12.85 EPS.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods increased their price target on Voya Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on Voya Financial from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Atlantic Securities set a $79.00 price objective on Voya Financial in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and an average target price of $103.85.

Voya Financial Price Performance

VOYA opened at $94.32 on Thursday. Voya Financial has a 52-week low of $64.50 and a 52-week high of $105.64. The company has a 50 day moving average of $100.14 and a two-hundred day moving average of $88.49. The company has a market cap of $8.55 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.92 and a beta of 0.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th were paid a $0.47 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.0%. Voya Financial’s dividend payout ratio is 31.70%.

Institutional Investors Weigh In On Voya Financial

A number of large investors have recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in Voya Financial in the 2nd quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Voya Financial during the second quarter valued at about $48,000. Root Financial Partners LLC increased its position in shares of Voya Financial by 59.6% during the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Voya Financial by 45.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 895 shares of the asset manager’s stock worth $67,000 after acquiring an additional 278 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Voya Financial in the second quarter worth about $84,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Company Profile

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.