Voya Financial’s (VOYA) “Buy” Rating Reaffirmed at Wells Fargo & Company
“We believe Athene could potentially reinsure the portion of fixed annuities that could be acquired by Apollo, structured in a manner that keeps the current Bermuda tax carveout post tax reform.”,” Wells Fargo & Company’s analyst commented.
Several other equities research analysts have also weighed in on VOYA. BidaskClub lowered Voya Financial from a buy rating to a hold rating in a report on Wednesday, August 16th. Royal Bank Of Canada reissued a buy rating and issued a $46.00 price objective on shares of Voya Financial in a report on Wednesday, September 6th. Goldman Sachs Group started coverage on Voya Financial in a report on Wednesday, October 18th. They issued a buy rating and a $46.00 price objective for the company. Keefe, Bruyette & Woods reissued a buy rating and issued a $51.00 price objective on shares of Voya Financial in a report on Friday, November 10th. Finally, Sandler O’Neill raised Voya Financial from a hold rating to a buy rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $47.70.
Shares of Voya Financial (VOYA) traded up $1.99 on Friday, reaching $46.15. The company had a trading volume of 4,819,807 shares, compared to its average volume of 1,214,829. Voya Financial has a 52 week low of $33.53 and a 52 week high of $46.35. The stock has a market cap of $7,937.62, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.81 and a beta of 1.65. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The firm had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. During the same period last year, the business posted ($1.24) EPS. sell-side analysts predict that Voya Financial will post 3 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s payout ratio is presently -2.23%.
A number of hedge funds have recently bought and sold shares of VOYA. Bessemer Group Inc. grew its holdings in Voya Financial by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 20,110 shares of the asset manager’s stock valued at $742,000 after buying an additional 63 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Voya Financial by 26.1% during the second quarter. Sei Investments Co. now owns 117,227 shares of the asset manager’s stock worth $4,325,000 after purchasing an additional 24,289 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Voya Financial by 7.9% during the second quarter. Canada Pension Plan Investment Board now owns 445,746 shares of the asset manager’s stock worth $16,444,000 after purchasing an additional 32,700 shares in the last quarter. New Jersey Better Educational Savings Trust purchased a new position in shares of Voya Financial during the second quarter worth about $369,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Voya Financial by 9.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 24,103 shares of the asset manager’s stock worth $920,000 after purchasing an additional 2,129 shares in the last quarter. 96.91% of the stock is owned by institutional investors and hedge funds.
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About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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