In a report released today, Sean Dargan from Wells Fargo maintained a Buy rating on Voya Financial (NYSE: VOYA). The company’s shares closed on Friday at $52.45, close to its 52-week high of $55.27.
Dargan noted:
“We believe the transaction provides a blueprint for other companies with legacy variable annuity blocs.”
According to TipRanks.com, Dargan is a 2-star analyst with an average return of 1.0% and a 45.0% success rate. Dargan covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.
Voya Financial has an analyst consensus of Strong Buy, with a price target consensus of $61.25.
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The company has a one-year high of $55.27 and a one-year low of $34.06. Currently, Voya Financial has an average volume of 2.1M.
Based on the recent corporate insider activity of 36 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.
