Voya Financial Inc. [NYSE: VOYA] slipped around -0.97 points on Monday, while shares priced at $61.15 at the close of the session, down -1.56%. The company report on June 22, 2021 that Voya launches new Stable Value offering to help retirement savers with their financial security.
Voya Investment Management and Ramirez Asset Management, a certified minority-owned business enterprise, will manage new stable value fund.
Voya Financial, Inc. (NYSE: VOYA), announced the launch of a new and distinctive stable value solution that provides differentiated sector allocations and manager diversity. The new fund — known as the Voya/RAM Focus Stable Value Fund — will be managed by Voya Investment Management (Voya IM) and Ramirez Asset Management (RAM), an affiliate of Samuel A. Ramirez & Company, Inc., which is one the oldest and largest Hispanic-owned investment firms in the U.S., and is celebrating its 50th year of serving clients. The Voya/RAM Focus Stable Value Fund is available to any workplace retirement savings plan currently eligible to use stable value as an investment option.
Voya Financial Inc. stock is now 3.98% up from its year-to-date (YTD) trading value. VOYA Stock saw the intraday high of $62.23 and lowest of $60.98 per share. The company’s 52-week high price is 70.68, which means current price is +12.28% above from all time high which was touched on 05/06/21.
Compared to the average trading volume of 1.06M shares, VOYA reached a trading volume of 5626065 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Voya Financial Inc. [VOYA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VOYA shares is $75.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VOYA stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Voya Financial Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 17, 2021. The new note on the price target was released on January 08, 2021, representing the official price target for Voya Financial Inc. stock. Previously, the target price had yet another raise to $74, while BofA Securities analysts kept a Buy rating on VOYA stock.
The Average True Range (ATR) for Voya Financial Inc. is set at 1.30, with the Price to Sales ratio for VOYA stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 11.04. Price to Free Cash Flow for VOYA in the course of the last twelve months was 26.71.
How has VOYA stock performed recently?
Voya Financial Inc. [VOYA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.41. With this latest performance, VOYA shares dropped by -6.18% in over the last four-week period, additionally plugging by 6.53% over the last 6 months – not to mention a rise of 35.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VOYA stock in for the last two-week period is set at 40.63, with the RSI for the last a single of trading hit 41.28, and the three-weeks RSI is set at 41.52 for Voya Financial Inc. [VOYA]. The present Moving Average for the last 50 days of trading for this stock 65.69, while it was recorded at 60.96 for the last single week of trading, and 59.08 for the last 200 days.
Voya Financial Inc. [VOYA]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Voya Financial Inc. [VOYA] shares currently have an operating margin of +7.03. Voya Financial Inc.’s Net Margin is presently recorded at +2.78.
Return on Total Capital for VOYA is now 3.61, given the latest momentum, and Return on Invested Capital for the company is 1.52. Return on Equity for this stock inclined to 2.18, with Return on Assets sitting at 0.12. When it comes to the capital structure of this company, Voya Financial Inc. [VOYA] has a Total Debt to Total Equity ratio set at 42.72. Additionally, VOYA Total Debt to Total Capital is recorded at 29.93, with Total Debt to Total Assets ending up at 2.42. Long-Term Debt to Equity for the company is recorded at 42.71, with the Long-Term Debt to Total Capital now at 29.93.
Reflecting on the efficiency of the workforce at the company, Voya Financial Inc. [VOYA] managed to generate an average of $35,500 per employee.
Earnings analysis for Voya Financial Inc. [VOYA]
With the latest financial reports released by the company, Voya Financial Inc. posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.79/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -81.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VOYA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Voya Financial Inc. go to 28.14%.
Insider trade positions for Voya Financial Inc. [VOYA]
There are presently around $8,165 million, in the hands of institutional investors. The top three institutional holders of VOYA stocks are: VANGUARD GROUP INC with ownership of 11,157,968, which is approximately 0.509% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 11,132,016 shares of the stock with an approximate value of $680.72 million in VOYA stocks shares; and FRANKLIN RESOURCES INC, currently with $589.03 million in VOYA stock with ownership of nearly -3.612% of the company’s market capitalization.
Positions in Voya Financial Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 178 institutional holders increased their position in Voya Financial Inc. [NYSE:VOYA] by around 10,771,968 shares. Additionally, 198 investors decreased positions by around 14,451,598 shares, while 63 investors held positions by with 108,308,268 shares. The mentioned changes placed institutional holdings at 133,531,834 shares, according to the latest SEC report filing. VOYA stock had 51 new institutional investments in for a total of 2,381,000 shares, while 47 institutional investors sold positions of 2,163,503 shares during the same period.