Voya Financial (VOYA) Stock Overview
Provides workplace benefits, and savings solutions and technologies in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
VOYA Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Voya Financial, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$98.30 |
| 52 Week High | US$99.40 |
| 52 Week Low | US$64.50 |
| Beta | 0.90 |
| 1 Month Change | 7.46% |
| 3 Month Change | 33.85% |
| 1 Year Change | 38.08% |
| 3 Year Change | 31.17% |
| 5 Year Change | 58.63% |
| Change since IPO | 371.69% |
Recent News & Updates
Narrative Update • Jul 10
VOYA: Activist Pressure And Takeover Optionality Will Shape Rerating Path
The fair value estimate for Voya Financial has been raised from $91.83 to $98.50 as analysts factor in refreshed price targets, updated Q2 earnings models, and generally supportive views on the company’s business mix and potential corporate actions. Analyst Commentary Recent Street research on Voya Financial points to a generally constructive backdrop, with most firms lifting price targets and refining models ahead of upcoming earnings and potential corporate developments.
New Narrative • Jul 03
Workplace Retirement Tailwinds And Private Markets Demand Will Support A Stronger Future
Catalysts About Voya Financial Voya Financial is a diversified financial services company focused on retirement, investment management, wealth solutions and employee benefits in the U.S. workplace. What are the underlying business or industry changes driving this perspective?Recent updates
Narrative Update • Jul 10
VOYA: Activist Pressure And Takeover Optionality Will Shape Rerating Path
The fair value estimate for Voya Financial has been raised from $91.83 to $98.50 as analysts factor in refreshed price targets, updated Q2 earnings models, and generally supportive views on the company’s business mix and potential corporate actions. Analyst Commentary Recent Street research on Voya Financial points to a generally constructive backdrop, with most firms lifting price targets and refining models ahead of upcoming earnings and potential corporate developments.New Narrative • Jul 03
Workplace Retirement Tailwinds And Private Markets Demand Will Support A Stronger Future
Catalysts About Voya Financial Voya Financial is a diversified financial services company focused on retirement, investment management, wealth solutions and employee benefits in the U.S. workplace. What are the underlying business or industry changes driving this perspective?Narrative Update • Jun 25
VOYA: Activist Pressure And Q1 Rerating Paths Will Shape Future Outcomes
Analysts have raised their fair value estimate for Voya Financial to $91.83 from $89.55, citing a higher blend of price targets that reflects updated sum-of-the-parts analysis, interest in potential corporate actions, and recent research upgrades that highlight several possible rerating paths for the stock. Analyst Commentary Recent research on Voya Financial points to a more constructive tone overall, with several bullish analysts raising price targets and focusing on potential rerating paths, while a smaller group highlights execution risks around earnings and business mix.Narrative Update • Jun 06
VOYA: Activist Pressure And Retirement Platform Scale Will Shape Future Outcomes
Analysts have nudged the fair value estimate for Voya Financial higher from $86 to about $89.55, reflecting a series of updated price targets that cite activist interest, refreshed sum-of-the-parts work, and recent research around earnings and business mix. Analyst Commentary Recent research shows a split picture around Voya Financial, with several bullish analysts lifting price targets while others trim them after the latest earnings.Narrative Update • Apr 30
VOYA: Retirement Platform Scale And Buybacks Will Shape Balanced Future Outcomes
Voya Financial's analyst fair value estimate has shifted from $84.90 to $86.00 as analysts factor in a slightly lower discount rate, modestly softer revenue growth and margin assumptions, and updated Street price targets from firms that have recently raised and trimmed their views on the stock. Analyst Commentary Recent Street research on Voya Financial shows a mix of optimism and caution around execution, earnings visibility, and sector valuation, which feeds directly into how analysts frame fair value for the shares.Seeking Alpha • Apr 18
Voya Financial: Right On Fundamentals, But The Re-Rating Is Delayed (Rating Downgrade)
Summary Voya Financial earns a 'hold' rating as earnings volatility, especially in Employee Benefits, caps its valuation despite strong fundamentals. VOYA's Retirement segment demonstrates robust, stable growth with high 30%-40% margins and $1.1 trillion in platform assets, yet market trust remains limited. Employee Benefits' unpredictable medical stop-loss claims drive quarterly earnings inconsistency, overshadowing the Retirement engine's strengths. Capital returns are steady with efficient buybacks and a 2.5% yield, but do not catalyze a re-rating until earnings stability improves. Read the full article on Seeking AlphaNarrative Update • Apr 04
VOYA: Retirement Platform Scale And Buybacks Will Support Future Upside Potential
Analysts have made a modest upward adjustment to the Voya Financial price target to $84.90, reflecting slightly higher fair value and profitability assumptions, while at the same time recalibrating sector valuations and earnings expectations across life and annuity insurers. Analyst Commentary Recent Street research on Voya Financial points to a mix of optimism around the business model and execution, alongside more cautious views on sector-wide valuation and earnings assumptions for life and annuity insurers.Narrative Update • Mar 12
VOYA: Retirement Platform Scale And Cash Returns Will Drive Future Upside
Analysts have trimmed their Voya Financial price targets toward the mid $80s, with our fair value estimate edging to $84.70 as they factor in slightly higher discount rates, modestly softer margin assumptions, and ongoing sector wide pressure on life insurer valuations. Analyst Commentary Recent Street research on Voya Financial clusters around price targets in the mid $80s, with a mix of optimistic and cautious views tied to earnings visibility, capital deployment, and sector wide valuation pressure on life insurers.Narrative Update • Feb 26
VOYA: Cash Returns And Retirement Platform Expansion Will Support Future Upside Potential
Narrative Update on Voya Financial The analyst price target for Voya Financial now sits at $85, a $1 trimming from the recent $86 level. This adjustment reflects analysts refreshing their models using updated EPS guidance, extending their valuation horizon to 2027 and 2028 earnings, and weighing Voya's cash flow profile, capital return plans, and role in a consolidating retirement and life insurance market.Narrative Update • Feb 11
VOYA: Cash Returns And Retirement Platform Expansion Will Shape Balanced Future Outlook
Analysts have adjusted their blended price target for Voya Financial slightly lower to $85.50 from $86.80, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions across recent research updates. Analyst Commentary Recent research on Voya Financial reflects a mix of optimism and caution, with some analysts lifting targets and ratings while others trim their numbers following earnings and updated assumptions.Narrative Update • Jan 26
VOYA: Cash Returns And Wealth Platform Expansion Will Drive Future Upside Potential
Analysts have inched their fair value estimate for Voya Financial higher to $86.80 from $86.20, reflecting updated views on its cash flow profile, capital deployment and earnings potential following recent price target changes and rating shifts across the Street. Analyst Commentary Bullish Takeaways Bullish analysts highlight Voya's cash flow generation as a key support for the higher fair value estimate and recent target moves, viewing strong free cash flow as helpful for both capital returns and reinvestment.Narrative Update • Jan 10
VOYA: Cash Returns And Wealth Platform Expansion Will Shape Balanced Future Outlook
Analysts have nudged their fair value estimate for Voya Financial higher to $86.20 from $84.80, citing updated assumptions around revenue growth, discount rate, profit margin, and future P/E that reflect recent price target revisions and commentary on cash flow strength, capital deployment, and the company’s role in a consolidating retirement and wealth management market. Analyst Commentary Recent Street research on Voya Financial reflects a mix of optimism and caution, with price targets clustered around the mid to high US$80s and differing views on how much of the company’s execution and cash flow story is already reflected in the share price.Narrative Update • Dec 23
VOYA: Wealth Expansion And Capital Returns Will Support Future Share Upside
Analysts have nudged their price expectations for Voya Financial higher, with the updated fair value estimate edging up by about $0.20 per share as they weigh the impact of capital-light growth, expanding wealth and life platforms, and a mixed backdrop of sector tailwinds and macro headwinds. Analyst Commentary Street research following the latest quarter reflects a nuanced view of Voya Financial, with modest target price adjustments and a continued focus on the company's capital-light strategy and sector backdrop.Narrative Update • Dec 09
VOYA: Wealth Platform Expansion Will Drive Margins And Capital Returns
Analysts have nudged their price target on Voya Financial modestly higher to approximately $84.60 from about $84.55, citing slightly stronger expected revenue growth, marginally improved profit margins, and a supportive backdrop of higher equity markets, offset in part by macro and rate cut headwinds. Analyst Commentary Recent Street research reflects a generally constructive stance on Voya Financial, with modest target price adjustments that frame a balanced risk reward profile.Narrative Update • Nov 25
VOYA: Expansion Of Wealth Platform Will Drive Margins And Cash Flow
Analysts have slightly lowered their average price target for Voya Financial, reducing it by $0.85 to $84.55. This adjustment is attributed to shifts in revenue growth forecasts and updated industry outlooks following recent research updates.Narrative Update • Nov 11
VOYA: Expect Continued Performance Strength Amid Favorable Underwriting And Earnings Momentum
Analysts have modestly increased their price target for Voya Financial, raising it from approximately $84.73 to $85.40. They cite stable earnings amid macro uncertainties and expectations for continued solid performance in key business segments.Narrative Update • Oct 28
Product Expansion And Resilient Earnings Will Fuel Long Term Market Opportunity
Analysts have recently raised their price targets for Voya Financial, with notable increases such as from $64 to $69 and from $90 to $91. They cite a relatively stable earnings environment and ongoing positive factors in both equity markets and the company’s high free cash flow model.Narrative Update • Oct 13
Digital Transformation And Demographic Trends Will Create Lasting Market Opportunity
Voya Financial's analyst price target has been revised upward from $83.27 to $84.73. Analysts cite resilient earnings, stable sector conditions, and improved growth drivers in their latest outlook.Narrative Update • Sep 05
Digital Transformation And Demographic Trends Will Create Lasting Market Opportunity
Despite Voya Financial's Q2 earnings beat, robust free cash flow, and positive outlook for Health Solutions and Wealth segments, analysts maintained the price target at $83.27, reflecting confidence in its capital-light model amid industry strength. Analyst Commentary Q2 earnings beat expectations, driven by favorable prior year development in stop-loss and selective underwriting.Analysis Article • Aug 04
Voya Financial (NYSE:VOYA) Is Paying Out A Dividend Of $0.45
Voya Financial, Inc. ( NYSE:VOYA ) has announced that it will pay a dividend of $0.45 per share on the 26th of...Seeking Alpha • Mar 18
Voya Financial To Grow Bigger After Recent Acquisition, While Trading Cheaply
Summary Voya Financial gets initial rating of buy, agreeing with most recent Wall St bullish consensus. Growth could come from recent business acquisitions, new client money inflows, and health plan sales. The firm is a dividend grower in its sector, in terms of 5-year dividend CAGR, supported by positive levered free cash flow. With a modest leverage risk, the firm was given investment-grade ratings by Fitch. The risk of declining equity markets in 2025, spikes in benefit payouts, and a weak profit margin are downsides to consider. Read the full article on Seeking AlphaSeeking Alpha • Nov 26
Voya: Fundamental Strengths Remain Despite Recent Underperformance
Summary Voya Financial warrants a buy rating due to its profitable segments, strategic acquisitions, and strong growth potential despite underperforming larger competitors in share price performance. Voya's diversified revenue streams from wealth solutions, health solutions, and investment management ensure stability and steady growth, with 2024 projected to be its strongest year yet. Recent acquisitions, including Benefitfocus and OneAmerica, bolster Voya's segments and are expected to drive revenue growth, maintaining profitability and strong financial metrics. Voya's solid fundamentals, attractive valuation, and sustainable dividend yield position it for continued growth, making it a value buy heading into next year. Read the full article on Seeking AlphaShareholder Returns
| VOYA | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | 2.0% | -0.7% | -0.9% |
| 1Y | 38.1% | -2.5% | 19.4% |
Return vs Industry: VOYA exceeded the US Diversified Financial industry which returned -2.5% over the past year.
Return vs Market: VOYA exceeded the US Market which returned 19.4% over the past year.
Price Volatility
| VOYA volatility | |
|---|---|
| VOYA Average Weekly Movement | 3.2% |
| Diversified Financial Industry Average Movement | 5.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: VOYA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: VOYA's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1975 | 11,000 | Heather Lavallee | www.voya.com |
Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits. The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.
Voya Financial, Inc. Fundamentals Summary
| VOYA fundamental statistics | |
|---|---|
| Market cap | US$8.97b |
| Earnings (TTM) | US$639.00m |
| Revenue (TTM) | US$8.25b |
13.9x
P/E Ratio1.1x
P/S RatioIs VOYA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VOYA income statement (TTM) | |
|---|---|
| Revenue | US$8.25b |
| Cost of Revenue | US$3.60b |
| Gross Profit | US$4.65b |
| Other Expenses | US$4.02b |
| Earnings | US$639.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 04, 2026
| Earnings per share (EPS) | 7.05 |
| Gross Margin | 56.41% |
| Net Profit Margin | 7.74% |
| Debt/Equity Ratio | 73.4% |
How did VOYA perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield27%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/14 21:35 |
| End of Day Share Price | 2026/07/14 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Voya Financial, Inc. is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jay Gelb | Barclays |
| Taylor Scott | Barclays |
| Joshua Shanker | BofA Global Research |