News headlines about Voya Financial (NYSE:VOYA) have trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Voya Financial earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 47.2278654971136 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
VOYA opened at $51.72 on Tuesday. The company has a market capitalization of $8.66 billion, a P/E ratio of 17.18, a PEG ratio of 0.87 and a beta of 1.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.17 and a current ratio of 0.17. Voya Financial has a 1-year low of $34.75 and a 1-year high of $55.27.
Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 1st. The asset manager reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). Voya Financial had a positive return on equity of 4.01% and a negative net margin of 25.86%. During the same period last year, the firm posted $0.51 earnings per share. equities research analysts forecast that Voya Financial will post 4.23 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on VOYA. Barclays began coverage on Voya Financial in a research note on Friday, June 8th. They set an “equal weight” rating and a $55.00 target price for the company. Wells Fargo & Co reissued a “buy” rating and set a $64.00 target price on shares of Voya Financial in a research note on Monday, June 4th. Morgan Stanley increased their target price on Voya Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 2nd. ValuEngine downgraded Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Credit Suisse Group began coverage on Voya Financial in a research note on Wednesday, April 25th. They set an “outperform” rating and a $60.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.38.
In related news, insider Charles P. Nelson bought 13,900 shares of the stock in a transaction on Wednesday, May 2nd. The shares were purchased at an average price of $50.25 per share, for a total transaction of $698,475.00. Following the acquisition, the insider now owns 45,382 shares in the company, valued at $2,280,445.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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