Voya Financial (NYSE:VOYA) Issues Quarterly Earnings Results

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

Voya Financial Stock Down 0.9 %

Shares of VOYA stock traded down $0.64 during midday trading on Tuesday, reaching $68.28. 1,444,155 shares of the stock were exchanged, compared to its average volume of 750,920. Voya Financial has a 1 year low of $63.11 and a 1 year high of $84.30. The company’s 50 day moving average is $71.74 and its two-hundred day moving average is $74.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.57 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.64%. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VOYA shares. Piper Sandler dropped their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $76.00 price objective (down previously from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Royal Bank of Canada decreased their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday. Barclays decreased their price objective on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Finally, UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.27.

Insiders Place Their Bets

In other news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% 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.