Voya Financial (NYSE:VOYA) had its price target increased by Morgan Stanley from $63.00 to $65.00 in a research report sent to investors on Wednesday, Stock Target Advisor reports. Morgan Stanley currently has an overweight rating on the asset manager’s stock.
Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Voya Financial from a sell rating to a strong sell rating in a report on Monday, October 21st. Royal Bank of Canada raised their price target on shares of Voya Financial to $65.00 and gave the stock an outperform rating in a report on Thursday. Citigroup decreased their price target on shares of Voya Financial from $65.00 to $62.00 and set a buy rating for the company in a report on Friday, September 13th. Finally, UBS Group raised their price target on shares of Voya Financial from $57.00 to $59.00 and gave the stock a buy rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $60.13.
Shares of NYSE VOYA traded down $0.39 during midday trading on Wednesday, reaching $57.42. The company had a trading volume of 1,023,900 shares, compared to its average volume of 1,313,254. The business’s 50-day simple moving average is $54.31 and its 200 day simple moving average is $53.68. The stock has a market cap of $7.88 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.56 and a beta of 1.51. Voya Financial has a 1 year low of $36.66 and a 1 year high of $59.00. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.47.
In related news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $49.30 per share, for a total transaction of $49,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rodney O. Martin, Jr. sold 129,684 shares of Voya Financial stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $57.86, for a total transaction of $7,503,516.24. Following the completion of the sale, the chief executive officer now owns 159,373 shares in the company, valued at approximately $9,221,321.78. The disclosure for this sale can be found here. 1.69% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in VOYA. Quest Capital Management Inc. ADV acquired a new stake in shares of Voya Financial in the third quarter valued at about $27,000. Patriot Financial Group Insurance Agency LLC boosted its position in Voya Financial by 2,380.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 496 shares of the asset manager’s stock worth $28,000 after acquiring an additional 476 shares during the last quarter. Hexavest Inc. acquired a new position in Voya Financial during the second quarter worth about $30,000. Doyle Wealth Management acquired a new position in Voya Financial during the second quarter worth about $42,000. Finally, US Bancorp DE boosted its position in Voya Financial by 18.5% during the second quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock worth $79,000 after acquiring an additional 224 shares during the last quarter.
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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