Voya Financial, Inc. (VOYA) Bears Get a Bullish Change of Heart

Looking into the technicals, Voya Financial, Inc. (NYSE:VOYA) has scored 80% Buy indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the VOYA’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 1563425 shares. VOYA stock has overall a 1% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 1671068 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 1714256 shares, is 33% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $47.72. Below this, the next support is placed in the zone of $47.41. Till the time, the VOYA stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 68.39 on daily chart, which may remain a cause for concern. If the price breaks below $47.41 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $48.22 mark may result into a pull-back move towards $48.41 level.

Voya Financial, Inc. (VOYA) is projected to climb by 10.37 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $61 price as 12-month high target. This represents a whopping 27.03 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $55, which represents a return potential of 14.54 percent when compared to the closing price of the stock of $48.02 on Monday, February 11. The lowest price target for the stock is $45 — slightly more than -6.29 percent from VOYA’s current share price.

Here’s a rundown of insider trading activity for sense of Voya Financial, Inc. (NYSE:VOYA). The earliest insider trade took place on 05/02/2018. Nelson Charles P gathered a total of 13.9 thousand shares of company at average share price of $50.25. The total for the purchase was set at $698.48 thousand. After this transaction, the account balance stood at 47.82 thousand shares. The stock lost -5.17 percent since that insider purchase. On 03/08/2018, Silva Kevin D,, sold 5.48 thousand shares at a price per share of $51.7. This removed 283.32 thousand shares from the insider’s fortune and the stock saw a -7.83 percent retreat in value since the news became public. This transaction left 9.27 thousand shares in the account. On 02/23/2018, Silva Kevin D performed a sale transaction worth $45.44 thousand. This sale at $50.77 each has eliminated 0.9 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -6.15 percent decrease since the transaction was reported. The insider now is left with 6.27 thousand shares remaining in the account. Karaoglan Alain M, who performs the job, bought 0.11 thousand shares for $4.32 thousand. The acquisition occurred on 10/02/2017 was priced at $37.9 per share. The share price soared 25.73 percent since the reporting date. Karaoglan Alain M now left with a stake of 6.75 thousand VOYA stock worth $324.18 thousand after the insider buying.

VOYA shares accumulated 0.37 points or 0.78 percent on Monday to $48.02 with a heavy trade volume of 1.888 million shares. After opening the session at $47.73, the shares went as high as $48.11 and as low as $47.61, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.55 billion and now has 157.31 million shares outstanding. Voya Financial, Inc. (VOYA) stock has gained 13.93 percent of market value in 21 trading days.

Analysts at Goldman upped their rating on shares of Voya Financial, Inc. (NYSE:VOYA) from Neutral to Buy in their opinion released on January 08.

VOYA stock has a trailing 3-year beta of 1.44, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.53 a share in the trailing twelve months. The stock’s value has surged 19.63 percent year to date (YTD) against a rise of 2.72 percent in 12 month’s time. The company’s shares still trade -13.12 percent away from its 1-year high of $55.27 and 30.99 percent up from 52-week low of $36.66. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Voya Financial, Inc. (VOYA) are trading at a P/E ratio of 18.87 times earnings reported for the past 12 months. The industry VOYA operates in has an average P/E of 13.08. Its P/E ratio went as low as 4.71X and as high as 787.55 over the 5-year span. Further, it is sporting a 0.88 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.06. 0 percent is the gross profit margin for Voya Financial, Inc. and operating margin sits at 9 percent. Along with this, the net profit margin is -28.2 percent.