Voya Financial (NYSE:VOYA)’s share price reached a new 52-week high and low during trading on Friday . The company traded as low as $55.27 and last traded at $54.05, with a volume of 47674 shares. The stock had previously closed at $55.02.
A number of equities analysts recently commented on the company. Morgan Stanley cut their price objective on Voya Financial from $61.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 5th. Credit Suisse Group assumed coverage on Voya Financial in a research note on Wednesday, April 25th. They issued an “outperform” rating and a $60.00 price objective on the stock. SunTrust Banks lifted their price objective on Voya Financial to $54.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. Wells Fargo reaffirmed a “buy” rating on shares of Voya Financial in a research note on Wednesday, February 21st. Finally, Deutsche Bank lifted their price objective on Voya Financial from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, April 17th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.50.
The company has a debt-to-equity ratio of 0.50, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $9.31 billion, a PE ratio of 17.75, a P/E/G ratio of 0.83 and a beta of 1.53.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, May 1st. The asset manager reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). Voya Financial had a negative net margin of 25.86% and a positive return on equity of 4.01%. During the same period last year, the business earned $0.51 earnings per share. equities research analysts anticipate that Voya Financial will post 4.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Tuesday, May 29th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.07%. The ex-dividend date is Friday, May 25th. Voya Financial’s dividend payout ratio (DPR) is presently 1.33%.
Voya Financial declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 13th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
In other news, insider Kevin D. Silva sold 895 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.77, for a total transaction of $45,439.15. Following the completion of the sale, the insider now owns 9,299 shares in the company, valued at $472,110.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin D. Silva sold 5,480 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total value of $283,316.00. Following the sale, the insider now owns 14,577 shares of the company’s stock, valued at approximately $753,630.90. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Voya Financial by 92.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 1,008 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Voya Financial by 66.0% during the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after acquiring an additional 1,007 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Voya Financial during the fourth quarter valued at approximately $133,000. Commonwealth Equity Services LLC bought a new stake in shares of Voya Financial during the first quarter valued at approximately $203,000. Finally, Gideon Capital Advisors Inc. bought a new stake in shares of Voya Financial during the first quarter valued at approximately $213,000.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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