Several brokerages recently updated their ratings on Voya Financial (NYSE: VOYA). Royal Bank of Canada maintained an “outperform” rating with an $83 target price. JPMorgan Chase downgraded Voya from “overweight” to “neutral,” setting a target of $87. Barclays raised their target from $84 to $85 with an “overweight” rating. Raymond James downgraded Voya from “strong-buy” to “market perform.” Evercore ISI raised their target from $79 to $82, also giving an “outperform” rating. Currently, six analysts rate it as “hold,” while seven rate it as “buy,” with an average target price of $84.18 indicating a “Moderate Buy.”
View Our Latest Analysis on VOYA
Voya Financial Stock Performance
On Thursday, Voya shares rose by $0.19 to $79.42, with 86,546 shares traded compared to an average of 818,428. The stock’s 50-day moving average is $72.15, and it has ranged from a low of $63.02 to a high of $80.16 over the past year. Voya has a market cap of $8 billion and a price-to-earnings ratio of 11.28. Their most recent earnings on July 30 showed an EPS of $2.27, surpassing the $2.14 estimate and indicating an 8.7% revenue increase year-over-year.
Institutional Investors’ Actions
Recently, large investors adjusted their holdings in Voya. Gillson Capital bought $11.1 million worth of shares. FORA Capital increased its stake by 94.1%. Empowered Funds raised theirs by 149.4%, and Capstone Investment Advisors upped its investment by 348.4%. Institutional investors hold 96.10% of Voyas stock.
About Voya Financial
Voya Financial, Inc. provides workplace benefits and savings solutions. It operates in three sectors: Wealth Solutions, Health Solutions, and Investment Management, focusing on retirement products and employee financial well-being.
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