Fintel reports that on September 14, 2023, Jefferies maintained coverage of Voya Financial (NYSE:VOYA) with a Hold recommendation.
Analyst Price Forecast Suggests 26.08% Upside
As of August 31, 2023, the average one-year price target for Voya Financial is 86.63. The forecasts range from a low of 75.75 to a high of $100.80. The average price target represents an increase of 26.08% from its latest reported closing price of 68.71.
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The projected annual revenue for Voya Financial is 6,704MM, an increase of 1.61%. The projected annual non-GAAP EPS is 7.97.
What is the Fund Sentiment?
There are 864 funds or institutions reporting positions in Voya Financial. This is a decrease of 89 owner(s) or 9.34% in the last quarter. Average portfolio weight of all funds dedicated to VOYA is 0.27%, a decrease of 6.99%. Total shares owned by institutions decreased in the last three months by 10.36% to 127,251K shares. 
The put/call ratio of VOYA is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 7,532K shares representing 7.12% ownership of the company. In it's prior filing, the firm reported owning 7,951K shares, representing a decrease of 5.56%. The firm decreased its portfolio allocation in VOYA by 9.28% over the last quarter.
Bank of New York Mellon holds 6,387K shares representing 6.04% ownership of the company. In it's prior filing, the firm reported owning 6,277K shares, representing an increase of 1.73%. The firm decreased its portfolio allocation in VOYA by 6.46% over the last quarter.
Franklin Resources holds 5,974K shares representing 5.65% ownership of the company. In it's prior filing, the firm reported owning 6,358K shares, representing a decrease of 6.43%. The firm increased its portfolio allocation in VOYA by 302.73% over the last quarter.
VWNDX - Vanguard Windsor Fund Investor Shares holds 4,824K shares representing 4.56% ownership of the company. In it's prior filing, the firm reported owning 4,853K shares, representing a decrease of 0.60%. The firm increased its portfolio allocation in VOYA by 13.74% over the last quarter.
Ameriprise Financial holds 4,465K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 4,858K shares, representing a decrease of 8.78%. The firm decreased its portfolio allocation in VOYA by 11.81% over the last quarter.
Voya Financial Background Information
(This description is provided by the company.)
Voya Financial, Inc. helps Americans plan, invest and protect their savings - to get ready to retire better. Serving the financial needs of approximately 14.8 million individual customers, workplace participants and institutions in the United States, Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible - one person, one family, one institution at a time - Voya's vision is to be America's Retirement Company®. Certified as a 'Great Place to Work' by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World's Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron's 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a 'Best Place to Work for Disability Inclusion' on the Disability Equality Index.
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