Voya Financial (VOYA) Gets a Buy Rating from UBS

By Jason Carr

In a report released today, John Nadel from UBS maintained a Buy rating on Voya Financial (VOYAResearch Report), with a price target of $59.00. The company’s shares closed last Monday at $52.42.

According to TipRanks.com, Nadel is a 4-star analyst with an average return of 8.8% and a 68.3% success rate. Nadel covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.

Currently, the analyst consensus on Voya Financial is a Strong Buy with an average price target of $66.75.

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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 $2.43 billion and net profit of $229 million. In comparison, last year the company earned revenue of $2.27 billion and had a net profit of $142 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VOYA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.