News headlines about Voya Financial (NYSE:VOYA) have trended positive this week, AlphaOne reports. The research group, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Voya Financial earned a coverage optimism score of 0.33 on AlphaOne’s scale. AlphaOne also assigned news stories about the asset manager an impact score of 77 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Alpha One Sentiment’s scoring:
Voya Financial (NYSE:VOYA) traded up 2.38% during midday trading on Friday, reaching $36.97. The company had a trading volume of 1,502,649 shares. The firm has a 50-day moving average of $36.11 and a 200 day moving average of $38.74. The company’s market capitalization is $6.87 billion. Voya Financial has a 1-year low of $22.75 and a 1-year high of $42.96.
Voya Financial (NYSE:VOYA) last released its earnings results on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Voya Financial had a positive return on equity of 3.39% and a negative net margin of 4.20%. The firm had revenue of $303.20 million during the quarter, compared to analysts’ expectations of $293.84 million. During the same period in the previous year, the firm posted $0.55 EPS. On average, equities research analysts forecast that Voya Financial will post $3.55 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.04 annualized dividend and a yield of 0.11%. Voya Financial’s payout ratio is -1.77%.
A number of analysts recently commented on the company. Citigroup Inc reaffirmed a “focus list” rating on shares of Voya Financial in a research note on Tuesday, February 21st. Barclays PLC reaffirmed a “hold” rating and issued a $41.00 price target on shares of Voya Financial in a research note on Sunday, February 19th. Morgan Stanley raised their price target on Voya Financial from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $51.00 price target on shares of Voya Financial in a research note on Thursday, March 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.36.
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In other Voya Financial news, insider Michael S. Smith purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $35.24 per share, with a total value of $176,200.00. Following the acquisition, the insider now directly owns 69,142 shares of the company’s stock, valued at $2,436,564.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alain M. Karaoglan purchased 824 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were acquired at an average cost of $36.17 per share, with a total value of $29,804.08. Following the completion of the acquisition, the insider now directly owns 35,643 shares in the company, valued at $1,289,207.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 14,299 shares of company stock valued at $505,087 and have sold 41,497 shares valued at $1,553,492. 0.17% of the stock is owned by insiders.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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