Voya Financial (NYSE:VOYA) Issues Quarterly Earnings Results

Voya Financial (NYSE:VOYA) posted its earnings results on Tuesday. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65), Zacks reports. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%.

Voya Financial Stock Up 5.6 %

VOYA opened at $72.23 on Thursday. The company has a fifty day moving average of $71.24 and a two-hundred day moving average of $74.10. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Analysts Set New Price Targets

VOYA has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday. Bank of America reaffirmed a “neutral” rating and issued a $83.00 price objective (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Piper Sandler decreased their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.18.

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.