Morgan Stanley analyst Bob Huang maintained a Buy rating on Voya Financial (VOYA – Research Report) today and set a price target of $88.00.
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Bob Huang has given his Buy rating due to a combination of factors that indicate Voya Financial is on a positive trajectory. The company is showing signs of overcoming short-term challenges, such as fluctuations in alternative investment income and macroeconomic volatility, by demonstrating incremental improvements that support long-term growth. Key drivers include advancements in the Health Solutions segment, expected resumption and increase of stock buybacks in the latter half of 2025 and 2026, and earnings growth from the integration of OneAmerica as well as steady progress in the Wealth segment.
Additionally, the Health Solutions segment is poised for growth through strategic initiatives like premium rate increases and better risk selection, which are expected to significantly reduce the loss ratio in the coming years. Positive developments in voluntary benefits, leave management, and group life are also contributing to the segment’s turnaround. Furthermore, the Wealth Solutions and Investment Management segments are well-positioned, with the former benefiting from a higher growth profile and potential gains from the OneAmerica transaction, and the latter experiencing favorable flow trends. These factors collectively support the optimistic outlook for Voya Financial.
According to TipRanks, Huang is a 2-star analyst with an average return of -0.1% and a 57.86% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Allstate, and American International Group.