Revenue Update on Voya Financial Inc(NYSE:VOYA)

Voya Financial Inc(NYSE:VOYA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $142.40M. Analysts estimated a revenue of $311.72M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.79.

In a different note, On Jul 15, 2016, Goldman Sachs said it Downgrades its rating on Voya Financial Inc. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Deutsche Bank said it Maintains its rating on Voya Financial Inc. In the research note, the firm Lowers the price-target to $41.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Voya Financial Inc. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Voya Financial Inc. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm.

Voya Financial Inc (VOYA) shares turned negative on Fridays trading session with the shares closing down -0.26 points or -0.94% at a volume of 11,38,805. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.445. The peak price level was also seen at $27.445 while the days lowest was $27.08. Finally the shares closed at $27.26. The 52-week high of the shares is $45.3 while the 52-week low is $22.75. According to the latest information available, the market cap of the company is $5,458 M.

Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Jeffrey T Becker (officer ) sold 3,625 shares at $30.11 per share price.Also, On Mar 30, 2016, Chetlur S Ragavan (officer ) sold 1,420 shares at $30.29 per share price.On Mar 30, 2016, Ewout L Steenbergen (officer ) sold 1,675 shares at $30.11 per share price, according to the Form-4 filing with the securities and exchange commission.

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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