In a report released today, John Barnidge from Piper Sandler maintained a Buy rating on Voya Financial (VOYA – Research Report), with a price target of $83.00. The company’s shares closed yesterday at $69.03.
Barnidge covers the Financial sector, focusing on stocks such as Voya Financial, American Equity Investment Life, and Assurant. According to TipRanks, Barnidge has an average return of 8.4% and a 55.80% success rate on recommended stocks.
In addition to Piper Sandler, Voya Financial also received a Buy from Evercore ISI’s Thomas Gallagher in a report issued on September 6. However, on September 14, Jefferies maintained a Hold rating on Voya Financial (NYSE: VOYA).
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Based on Voya Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.87 billion and a net profit of $158 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $68 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VOYA in relation to earlier this year.
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Voya Financial (VOYA) Company Description:
Voya Financial, Inc. is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, Employee Benefits and Individual Life. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services. The Investment Management segment includes domestic and international fixed income, equity, multi-asset and alternative investment products and solutions. The Employee Benefits segment is comprised of stop loss, group life, voluntary employee-paid, and disability products to mid-sized and large businesses. The Individual Life segment provides universal and variable life insurance products. The company was founded on April 7, 1999 and is headquartered in New York, NY.
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