Price Target Update on Voya Financial (NYSE:VOYA)

Voya Financial (NYSE:VOYA) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $48 and the lowest price target forecast is $30. The average forecast of all the analysts is $39.35 and the expected standard deviation is $5.71.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Goldman Sachs downgrades its rating on Voya Financial (NYSE:VOYA).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Conviction Buy by the brokerage firm. The rating by the firm was issued on February 24, 2016.

Voya Financial (NYSE:VOYA): stock turned positive on Thursday. Though the stock opened at $29.06, the bulls momentum made the stock top out at $29.445 level for the day. The stock recorded a low of $28.8 and closed the trading day at $29.24, in the green by 2.38%. The total traded volume for the day was 2,980,294. The stock had closed at $28.56 in the previous days trading.

The company shares have dropped -39.90% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $48.08 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.91 and the 200 Day Moving Average price is recorded at $31.58. On the companys insider trading activities, The officer (See Remarks), of Voya Financial, Inc., Becker Jeffrey T had unloaded 3,625 shares at $30.11 per share in a transaction on March 29, 2016. The total value of transaction was $109,149. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Voya Financial, Inc. is a retirement, investment and insurance company. The Company provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products, guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions, Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income, equity, multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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