Barclays Sticks to Their Hold Rating for Voya Financial


Barclays analyst Jay Gelb maintained a Hold rating on Voya Financial (NYSE: VOYA) today and set a price target of $53. The company’s shares closed on Friday at $47.08.

According to TipRanks.com, Gelb is a 5-star analyst with an average return of 7.9% and a 65.4% success rate. Gelb covers the Financial sector, focusing on stocks such as Lincoln National Corp, Berkshire Hathaway A, and Berkshire Hathaway B.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Voya Financial with a $60.40 average price target.

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Based on Voya Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.04 billion and GAAP net loss of $3 million. In comparison, last year the company had a net profit of $167 million.

Based on the recent corporate insider activity of 33 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, Individual Life, and Employee Benefits.

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