The stock of Voya Financial Inc (NYSE:VOYA) is a huge mover today! About 1.52 million shares traded hands. Voya Financial Inc (NYSE:VOYA) has declined 5.53% since March 2, 2016 and is downtrending. It has underperformed by 13.78% the S&P500.
The move comes after 6 months positive chart setup for the $6.09B company. It was reported on Oct, 5 by Barchart.com. We have $51.04 PT which if reached, will make NYSE:VOYA worth $4.14 billion more.
Analysts await Voya Financial Inc (NYSE:VOYA) to report earnings on November, 2. They expect $0.82 earnings per share, up 95.24% or $0.40 from last year’s $0.42 per share. VOYA’s profit will be $164.38M for 9.26 P/E if the $0.82 EPS becomes a reality. After $0.79 actual earnings per share reported by Voya Financial Inc for the previous quarter, Wall Street now forecasts 3.80% EPS growth.
Voya Financial Inc (NYSE:VOYA) Ratings Coverage
Out of 9 analysts covering Voya Financial (NYSE:VOYA), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Voya Financial has been the topic of 15 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Bank of America on Wednesday, January 20. JP Morgan upgraded the shares of VOYA in a report on Thursday, February 11 to “Neutral” rating. The firm has “Hold” rating by Zacks given on Tuesday, September 8. Morgan Stanley upgraded it to “Overweight” rating and $48 target price in Wednesday, November 11 report. On Friday, September 23 the stock rating was initiated by Wells Fargo with “Market Perform”. The stock has “Top Pick” rating given by RBC Capital Markets on Thursday, February 11. Deutsche Bank maintained the shares of VOYA in a report on Thursday, July 14 with “Buy” rating. Goldman Sachs downgraded Voya Financial Inc (NYSE:VOYA) on Friday, July 15 to “Neutral” rating. The firm has “Top Pick” rating by RBC Capital Markets given on Thursday, November 5.
According to Zacks Investment Research, “Voya Financial, Inc. is a retirement, investment and insurance company. It operates its principal businesses through three business lines: Retirement Solutions, Investment Management and Insurance Solutions. The Company offers asset accumulation, asset protection and asset distribution products and services to individual and institutional customers in the United States. Voya Financial, Inc., formerly known as ING U.S., Inc., is headquartered in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.10, from 1.04 in 2016Q1. The ratio is negative, as 41 funds sold all Voya Financial Inc shares owned while 118 reduced positions. 42 funds bought stakes while 108 increased positions. They now own 189.06 million shares or 4.94% less from 198.89 million shares in 2016Q1.
The Ontario – Canada-based Mackenzie Fincl Corp has invested 0.01% in Voya Financial Inc (NYSE:VOYA). Ameriprise Finance Incorporated owns 1.45 million shares or 0.02% of their US portfolio. Moreover, Bronson Point Ltd Company has 0.33% invested in Voya Financial Inc (NYSE:VOYA) for 40,000 shares. Gotham Asset Management Ltd Llc reported 9,027 shares or 0% of all its holdings. Cipher Lp has 201,942 shares for 0.35% of their US portfolio. Geode Cap Mngmt Ltd Llc has 0.02% invested in the company for 1.32 million shares. Cna Fincl has invested 0.52% of its portfolio in Voya Financial Inc (NYSE:VOYA). Winfield Assocs Incorporated holds 0% or 40 shares in its portfolio. The Maryland-based Calvert Investment has invested 0.02% in Voya Financial Inc (NYSE:VOYA). Qci Asset Mngmt Inc Ny owns 25 shares or 0% of their US portfolio. Moreover, Advisors Asset Inc has 0% invested in Voya Financial Inc (NYSE:VOYA) for 10,561 shares. Moreover, Investec Asset North America Inc has 0.12% invested in Voya Financial Inc (NYSE:VOYA) for 32,881 shares. Icon Advisers Inc last reported 19,600 shares in the company. Sumitomo Mitsui Inc owns 639,237 shares or 0.03% of their US portfolio. Northern Trust has invested 0.01% of its portfolio in Voya Financial Inc (NYSE:VOYA).
Insider Transactions: Since September 30, 2016, the stock had 1 insider buy, and 0 sales for $22,053 net activity. $22,053 worth of shares were bought by Karaoglan Alain M on Friday, September 30.
Another recent and important Voya Financial Inc (NYSE:VOYA) news was published by Prnewswire.com which published an article titled: “Voya Financial Announces Executive Committee Appointments” on September 16, 2016.
VOYA Company Profile
Voya Financial, Inc., incorporated on April 7, 1999, is a holding company. The Firm is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. The Firm provides its principal services and products in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions. The Retirement and Investment Solutions business provides its services and products through three divisions: Retirement, Annuities and Investment Management. The Insurance Solutions business provides its services and products through two divisions: Individual Life and Employee Benefits. In addition, the Company also has Closed Blocks and Corporate divisions. Closed Blocks consists of two divisions which it has placed in run-off: Closed Block Variable Annuity (CBVA) and Closed Block Other. Corporate segment includes its corporate activities, and corporate-level assets and financial obligations.
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