Wells Fargo Believes Voya Financial (VOYA) Won’t Stop Here


In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Voya Financial (VOYA). The company’s shares closed last Tuesday at $66.88, close to its 52-week high of $70.68.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 12.6% and a 64.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Voya Financial with a $74.00 average price target.

See today’s analyst top recommended stocks >>

Based on Voya Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.23 billion and net profit of $264 million. In comparison, last year the company earned revenue of $1.81 billion and had a GAAP net loss of $781 million.

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. The Investment Management segment includes domestic and international fixed income, equity, multi-asset and alternative investment products and solutions. The Employee Benefits segment is comprised of stop loss, group life, voluntary employee-paid, and disability products to mid-sized and large businesses. The Individual Life segment provides universal and variable life insurance products. The company was founded on April 7, 1999 and is headquartered in New York, NY.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts