News coverage about Voya Financial (NYSE:VOYA) has been trending positive on Wednesday, according to Alpha One. The research group, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Voya Financial earned a coverage optimism score of 0.33 on Alpha One’s scale. Alpha One also assigned media stories about the asset manager an impact score of 77 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected AlphaOne Sentiment Analysis’s rankings:
VOYA has been the topic of a number of research reports. Morgan Stanley raised their price target on Voya Financial from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, March 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $50.00 price objective on shares of Voya Financial in a research note on Monday, April 10th. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Monday, April 3rd. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Voya Financial in a research note on Friday, February 3rd. Finally, Citigroup Inc reissued a “focus list” rating on shares of Voya Financial in a research note on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Voya Financial presently has a consensus rating of “Buy” and an average price target of $42.36.
Voya Financial (NYSE VOYA) opened at 34.32 on Wednesday. The stock’s 50 day moving average is $36.34 and its 200 day moving average is $38.88. The stock’s market capitalization is $6.38 billion. Voya Financial has a 12-month low of $22.75 and a 12-month high of $42.96.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. The firm had revenue of $303.20 million during the quarter, compared to analysts’ expectations of $293.84 million. Voya Financial had a negative net margin of 4.20% and a positive return on equity of 3.39%. During the same quarter last year, the company posted $0.55 EPS. Equities analysts predict that Voya Financial will post $3.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, May 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.12%. Voya Financial’s payout ratio is currently -1.77%.
In other Voya Financial news, insider Alain M. Karaoglan sold 28,899 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $37.50, for a total value of $1,083,712.50. Following the completion of the transaction, the insider now owns 6,637 shares of the company’s stock, valued at approximately $248,887.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christine Hurtsellers sold 15,730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $41.27, for a total transaction of $649,177.10. Following the completion of the transaction, the insider now directly owns 11,247 shares of the company’s stock, valued at approximately $464,163.69. The disclosure for this sale can be found here. Insiders have sold a total of 74,800 shares of company stock valued at $2,925,189 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.
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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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