KBW Reiterates a Buy Rating on Voya Financial

By Ryan Adsit

In a report released yesterday, Ryan Krueger from KBW reiterated a Buy rating on Voya Financial (NYSE: VOYA), with a price target of $51. The company’s shares closed yesterday at $40.36, close to its 52-week high of $42.96.

According to TipRanks.com, Krueger is a 5-star analyst with an average return of 19.8% and a 77.4% success rate. Krueger covers the Financial sector, focusing on stocks such as Prudential Financial Inc, Lincoln National Corp, and Ameriprise Financial.

Voya Financial has an analyst consensus of Moderate Buy, with a price target consensus of $46.50.

Based on Voya Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.43 billion and GAAP net loss of $533 million. In comparison, last year the company earned revenue of $2.11 billion and had a GAAP net loss of $107 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Kevin Silva, the EVP and Chief Human Resources Officer of VOYA sold 5,798 shares for a total of $237,312.

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Voya Financial, Inc. is a retirement, investment and insurance company, which engages in serving financial needs. It operates through the following segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefit. The Retirement involves in providing insurance and financial services industry organization, and industry-recognized publications. The Annuities segment offers leadership positions by assets under management. The Investment Management segment includes leadership positions within the investment management industry from morningstar fund data and industry-recognized publications such as pension and investments. The Individual Life segment offers leadership positions within the individual life insurance industry from LIMRA market surveys. The Employee Benefit segment consists of leadership positions by new premiums and in-force premiums. The company was founded on April 7, 1999 and is headquartered in New York, NY.