DOWLING & PARTN Estimates Voya Financial FY2027 Earnings

Voya Financial, Inc. (NYSE:VOYA) – DOWLING & PARTN raised their FY2027 earnings estimates for shares of Voya Financial in a research note issued on Tuesday, September 29th. DOWLING & PARTN analyst J. Hurwitz now expects that the asset manager will post earnings of $11.45 per share for the year, up from their previous forecast of $11.25. The consensus estimate for Voya Financial’s current full-year earnings is $9.21 per share. DOWLING & PARTN also issued estimates for Voya Financial’s FY2028 earnings at $12.85 EPS.

VOYA has been the topic of a number of other reports. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Royal Bank Of Canada upped their price target on Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Morgan Stanley increased their price target on Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Jefferies Financial Group boosted their price objective on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Finally, UBS Group boosted their price objective on Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.85.

Voya Financial Trading Up 1.3%

Shares of Voya Financial stock opened at $96.61 on Thursday. The firm has a 50-day simple moving average of $100.06 and a two-hundred day simple moving average of $88.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial has a fifty-two week low of $64.50 and a fifty-two week high of $105.64. The company has a market cap of $8.75 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 earnings per share.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, August 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, August 26th. Voya Financial’s payout ratio is presently 31.70%.

Institutional Investors Weigh In On Voya Financial

Several large investors have recently bought and sold shares of VOYA. Versant Capital Management Inc increased its stake in shares of Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock worth $66,000 after acquiring an additional 159 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Voya Financial by 9.8% in the second quarter. Sequoia Financial Advisors LLC now owns 7,078 shares of the asset manager’s stock valued at $641,000 after purchasing an additional 632 shares during the period. Tidal Investments LLC raised its holdings in Voya Financial by 172.7% in the 2nd quarter. Tidal Investments LLC now owns 21,487 shares of the asset manager’s stock valued at $1,945,000 after buying an additional 13,608 shares during the period. Engineers Gate Manager LP raised its stake in shares of Voya Financial by 940.5% in the 2nd quarter. Engineers Gate Manager LP now owns 180,505 shares of the asset manager’s stock valued at $16,341,000 after acquiring an additional 163,157 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Voya Financial in the second quarter valued at approximately $84,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

About Voya Financial

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.