Recent updates on Voya Financial (NYSE: VOYA) show mixed opinions from analysts. Royal Bank of Canada maintained an outperform rating with an $83.00 target price. JPMorgan downgraded Voya from overweight to neutral, setting a target of $87.00. Barclays raised their target from $84.00 to $85.00 while maintaining an overweight rating. Raymond James changed their rating from strong-buy to market perform. Evercore ISI increased their target price from $79.00 to $82.00, keeping an outperform rating. Currently, six analysts rate it as a hold, while seven suggest buying. Overall, Voya has a Moderate Buy consensus rating and an average target price of $84.18.
View Our Latest Analysis on VOYA
Voya Financial Stock Performance
On Thursday, Voya shares increased by $0.19, reaching $79.42, with a trading volume of 86,546, below the average of 818,428. The stock has fluctuated between $63.02 (low) and $80.16 (high) over the past year. With a market cap of $8 billion, the price-to-earnings ratio sits at 11.28 and a PEG ratio of 0.59. Voya’s recent earnings report indicated an EPS of $2.27, exceeding expectations, with a revenue of $2.03 billion for the quarter.
Institutional Investors’ Activity
Recent adjustments in holdings by large investors include Gillson Capital’s $11 million investment in Voya and FORA Capital increasing its stake by 94.1% to own 28,175 shares. Empowered Funds, Capstone Investment, and M&G Plc have also raised their positions significantly. Currently, institutional investors own 96.10% of Voyas stock.
Voya Financial Company Profile
Voya Financial offers workplace benefits and savings products, operating in three segments: Wealth Solutions, Health Solutions, and Investment Management, primarily in the U.S. and internationally.
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