Voya Financial, Inc. (VOYA) To Go Ex-Dividend on February 25th

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Thursday, January 30th, Wall Street Journal reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.45 per share by the asset manager on Thursday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 25th.

Voya Financial has raised its dividend by an average of 34.7% annually over the last three years. Voya Financial has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Voya Financial to earn $10.28 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 17.5%.

Voya Financial Stock Down 2.2 %

Shares of NYSE:VOYA opened at $71.97 on Friday. The stock has a market cap of $6.92 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.48 and a beta of 1.05. The firm has a fifty day moving average price of $70.10 and a 200 day moving average price of $74.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial has a 1-year low of $64.10 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Sell-side analysts predict that Voya Financial will post 8.39 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on VOYA shares. Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Bank of America restated a “neutral” rating and issued a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Morgan Stanley reduced their target price on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company raised their target price on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Evercore ISI reduced their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.55.

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.