Voya Financial Inc (NYSE:VOYA) has earned an average rating of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $52.18.
Several analysts recently issued reports on the company. ValuEngine raised Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a research report on Friday, December 22nd. Wells Fargo & Co reaffirmed a “buy” rating and set a $58.00 price objective on shares of Voya Financial in a research report on Friday, December 22nd. Evercore ISI raised Voya Financial to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, December 27th. Finally, Deutsche Bank began coverage on Voya Financial in a research report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price objective on the stock.
Voya Financial (NYSE:VOYA) traded up $0.16 during midday trading on Tuesday, hitting $46.91. The company had a trading volume of 3,234,675 shares, compared to its average volume of 2,228,418. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $8,431.93, a PE ratio of -26.21, a PEG ratio of 0.59 and a beta of 1.61. Voya Financial has a 12 month low of $33.53 and a 12 month high of $54.87.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank raised its holdings in Voya Financial by 7.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after acquiring an additional 199 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Voya Financial by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after buying an additional 321 shares during the last quarter. CIBC Asset Management Inc raised its stake in Voya Financial by 12.9% during the 4th quarter. CIBC Asset Management Inc now owns 9,028 shares of the asset manager’s stock valued at $447,000 after buying an additional 1,028 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Voya Financial by 0.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 255,423 shares of the asset manager’s stock valued at $12,636,000 after buying an additional 1,147 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Voya Financial by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,000 shares of the asset manager’s stock valued at $2,844,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.
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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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