Voya Financial (NYSE:VOYA) Price Target Increased to $79.00 by Analysts at Jefferies Financial Group

Voya Financial (NYSE:VOYA) had its target price upped by equities researchers at Jefferies Financial Group from $76.00 to $79.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the asset manager’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 10.68% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Piper Sandler upped their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company upped their price objective on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Evercore ISI boosted their target price on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reduced their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and an average target price of $83.89.

Voya Financial Stock Up 0.1 %

Shares of NYSE VOYA traded up $0.06 during midday trading on Friday, reaching $71.38. The company’s stock had a trading volume of 179,116 shares, compared to its average volume of 839,756. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial has a fifty-two week low of $63.02 and a fifty-two week high of $77.00. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.51 and a beta of 1.07. The stock has a 50 day simple moving average of $72.62 and a 200-day simple moving average of $71.55.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.30. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $1.69 earnings per share. Equities research analysts predict that Voya Financial will post 8.53 earnings per share for the current year.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOYA. Chilton Capital Management LLC acquired a new position in shares of Voya Financial in the fourth quarter valued at approximately $26,000. SYSTM Wealth Solutions LLC increased its position in Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 149 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Voya Financial during the 1st quarter valued at approximately $43,000. Venturi Wealth Management LLC increased its position in Voya Financial by 213.2% during the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 405 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Voya Financial during the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.