Voya Financial Inc (NYSE:VOYA) – DOWLING & PARTN increased their Q3 2019 earnings estimates for shares of Voya Financial in a report released on Wednesday, October 16th. DOWLING & PARTN analyst H. Lee now expects that the asset manager will post earnings of $1.45 per share for the quarter, up from their previous estimate of $1.39. DOWLING & PARTN also issued estimates for Voya Financial’s Q4 2019 earnings at $1.50 EPS, FY2019 earnings at $5.55 EPS, Q1 2020 earnings at $1.35 EPS, Q2 2020 earnings at $1.58 EPS, Q3 2020 earnings at $1.58 EPS, Q4 2020 earnings at $1.73 EPS, FY2020 earnings at $6.25 EPS, Q1 2021 earnings at $1.46 EPS, Q2 2021 earnings at $1.79 EPS, Q3 2021 earnings at $1.81 EPS, FY2021 earnings at $7.05 EPS, FY2022 earnings at $7.95 EPS and FY2023 earnings at $8.95 EPS.
A number of other brokerages also recently issued reports on VOYA. Citigroup lowered their price target on Voya Financial from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Royal Bank of Canada set a $60.00 price target on Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded Voya Financial from a “sell” rating to a “strong sell” rating in a research report on Monday. Morgan Stanley set a $63.00 price target on Voya Financial and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group lifted their target price on Voya Financial from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $59.43.
Shares of VOYA opened at $53.90 on Monday. The company has a market cap of $7.44 billion, a PE ratio of 13.34, a P/E/G ratio of 0.51 and a beta of 1.51. The business has a fifty day moving average of $52.72 and a 200 day moving average of $53.41. Voya Financial has a 52-week low of $36.66 and a 52-week high of $57.57. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.47.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 6th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. The company had revenue of $278.00 million during the quarter, compared to the consensus estimate of $314.19 million. Voya Financial had a return on equity of 8.47% and a net margin of 6.16%. During the same period last year, the company earned $1.13 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. This is an increase from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, August 28th. Voya Financial’s dividend payout ratio (DPR) is 14.85%.
In other Voya Financial news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $49.30 per share, for a total transaction of $49,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.69% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of Voya Financial by 0.8% in the first quarter. Nordea Investment Management AB now owns 54,264 shares of the asset manager’s stock worth $2,712,000 after purchasing an additional 440 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Voya Financial by 16.8% in the second quarter. Retirement Systems of Alabama now owns 69,700 shares of the asset manager’s stock valued at $3,854,000 after acquiring an additional 10,000 shares during the period. Hexavest Inc. bought a new position in shares of Voya Financial in the second quarter valued at approximately $30,000. AMF Pensionsforsakring AB boosted its position in shares of Voya Financial by 1.8% in the second quarter. AMF Pensionsforsakring AB now owns 377,525 shares of the asset manager’s stock valued at $20,877,000 after acquiring an additional 6,696 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Voya Financial in the second quarter valued at approximately $907,000.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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