Voya Financial (VOYA) AI Stock Analysis

• Market Cap: $6.42B
• Dividend Yield: 2.7%
• Average Volume (3M): 869.25K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.91
• Revenue Growth: 5.34%
• EPS Growth: -25.43%
• Country: US
• Employees: 10,000
• Sector: Financial
• Sector Strength: 81
• Industry: Financial - Conglomerates
• EPS (TTM): 2.00
• Shares Outstanding: 96,293,940
• 10 Day Avg. Volume: 632,872
• 30 Day Avg. Volume: 869,245
• PEG Ratio: -0.83
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.07
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 0.34
• Enterprise Value/Gross Profit: 1.48
• Enterprise Value/Ebitda: 10.31
• 1Y Price Target: $78.73
• Price Target Upside: 15.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 67 Neutral
• Price Target: $71.00 ▲(4.41%Upside)

Voya Financial's strong revenue growth and strategic earnings guidance are positive. However, concerns over cash flow variability, macroeconomic uncertainty, and lower-than-expected investment income slightly dampen the overall outlook.

Positive Factors

Acquisition Integrations

Integrations of recent acquisitions should yield meaningful earnings benefits over time if executed well.

Net Flows and Client Asset Growth

Investment Management delivered strong net flows of $7.7bn driven across strategies and reflected continued momentum in the Institutional, Insurance, and Intermediary channels.

Strategic Initiatives and Long-term Growth

Management provided a sensible turnaround strategy that gives conviction in Voya's long-term growth profile.

Negative Factors

Earnings Growth Deceleration

EPS growth to decelerate through 2026 due to debt issues and integration costs.

Earnings Per Share (EPS) Forecast

2025 earnings per share are likely to be lower than expectations.

Medical Stop-loss Product

The company has faced material losses from its medical stop-loss product, which could affect future financial performance.

Voya Financial Business Overview & Revenue Model

Company Description

Voya Financial, Inc. is a premier American financial services company that operates in the sectors of retirement, investment management, and employee benefits. The company is committed to helping individuals and organizations achieve financial wellness, offering a range of products and services that include retirement plans, investment management, and insurance solutions. Voya serves a diverse clientele, including individual investors, employers, and institutions, with a focus on providing innovative and customer-centric solutions.

How the Company Makes Money

Voya Financial makes money primarily through its three core business segments: Retirement, Investment Management, and Employee Benefits. In the Retirement segment, the company earns revenue from fees associated with managing defined contribution plans, such as 401(k) plans, IRAs, and other retirement savings products. The Investment Management segment generates income through management fees from institutional and retail clients, offering a range of investment products, including mutual funds and separately managed accounts. Additionally, Voya's Employee Benefits segment provides group life, disability, and stop-loss insurance products, which generate revenue through premium collections. The company also benefits from strategic partnerships and collaborations that enhance its product offerings and expand its market reach, contributing to its overall earnings.

Voya Financial Financial Statement Overview

Summary

Voya Financial demonstrates strong revenue growth and improved operational efficiency. The balance sheet shows a reduction in leverage and solid equity positioning, but cash flow metrics are concerning due to data unavailability and previous variability.

Income Statement

Voya Financial shows strong improvements in revenue, with a notable revenue growth rate of 9.53% from 2023 to 2024. The gross profit margin remains high at 100%, indicating efficient cost management. However, the net profit margin has seen a slight improvement to 9.21% in 2024 from 8.51% in 2023, suggesting room for enhancing profitability further. EBIT margin significantly improved to 61.70% in 2024, indicating better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.61, reflecting a reduction in leverage risk. The return on equity (ROE) stands at 18.53% for 2024, showing strong returns on shareholder investments despite a decline from previous years. The equity ratio is at 60.72%, indicating a solid equity base relative to total assets.

Cash Flow

The cash flow situation shows challenges, with free cash flow data unavailable for 2024. The operating cash flow to net income ratio in previous years indicated variability, and without current data, assessing cash flow health remains difficult. The company needs to ensure stable cash flow generation to support operations and growth.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.99B	7.89B	7.35B	5.90B	3.63B	7.65B
	Gross Profit
5.85B	7.89B	7.35B	5.90B	3.63B	7.39B
	EBIT
401.00M	1.10B	729.00M	716.00M	2.88B	370.00M
	EBITDA
368.00M	1.10B	991.00M	629.00M	3.02B	584.00M
	Net Income Common Stockholders
572.00M	667.00M	625.00M	510.00M	2.37B	-206.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
38.75B	25.70B	937.00M	2.52B	2.94B	45.40B
	Total Assets
155.73B	153.00B	157.09B	146.61B	171.26B	180.31B
	Total Debt
3.41B	3.60B	3.43B	3.47B	3.48B	3.83B
	Net Debt
2.33B	2.23B	2.31B	2.46B	1.19B	2.10B
	Total Liabilities
147.47B	157.88B	151.03B	141.53B	161.44B	169.00B
	Stockholders Equity
7.43B	4.00B	4.19B	3.35B	8.25B	10.11B
Cash Flow		Free Cash Flow
501.00M	911.00M	1.64B	1.35B	22.00M	1.21B
	Operating Cash Flow
501.00M	911.00M	1.64B	1.35B	22.00M	1.21B
	Investing Cash Flow
-978.00M	-141.00M	2.53B	-1.95B	-327.00M	-2.46B
	Financing Cash Flow
-74.00M	-759.00M	-4.06B	28.00M	-265.00M	1.70B

Voya Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 68.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VOYA, the sentiment is Positive. The current price of 68 is above the 20-day moving average (MA) of 67.27, above the 50-day MA of 62.84, and below the 200-day MA of 70.48, indicating a neutral trend. The MACD of 0.85 indicates Positive momentum. The RSI at 59.41 is Neutral, neither overbought nor oversold. The STOCH value of 60.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VOYA.

Voya Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MTG	79 Outperform	$6.25B	8.75	15.12%	1.98%	4.64%	15.36%
SIGI	71 Outperform	$5.31B	23.84	7.48%	1.70%	13.37%	-35.09%
JXN	69 Neutral	$5.97B	81.38	1.24%	3.47%	3.55%	8.91%
VOYA	67 Neutral	$6.42B	12.58	13.40%	2.70%	5.34%	-25.43%
SLM	66 Neutral	$6.75B	11.58	27.60%	1.49%	-0.70%	-12.72%
Sector *	64 Neutral	$12.86B	9.79	7.78%	16985.65%	12.28%	-7.82%
PFSI	62 Neutral	$4.94B	14.68	9.32%	1.25%	23.79%	121.61%

Voya Financial Corporate Events

Voya Financial Elects Directors at Annual Meeting

On May 22, 2025, Voya Financial held its Annual Meeting of Stockholders, where twelve directors were elected to serve a one-year term, and the compensation for named executive officers was approved. Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year 2025 was ratified, indicating continued confidence in the company’s financial oversight.

The most recent analyst rating on (VOYA) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Voya Financial stock, see the VOYA Stock Forecast page.

Voya Financial Completes $600M P-Caps Issuance

On May 21, 2025, Voya Financial, Inc. completed a significant financial transaction involving the issuance and sale of Pre-Capitalized Trust Securities (P-Caps) worth $600 million. This transaction, conducted through a private placement, provides Voya with a new source of contingent liquidity for general corporate purposes. The P-Caps, which are redeemable by May 15, 2035, offer an annual distribution rate of 6.012% and are available only to qualified institutional buyers. The arrangement includes a facility agreement allowing Voya to issue Senior Notes to the Trust in exchange for eligible assets, with various conditions and rights for redemption and repurchase. This move is expected to strengthen Voya’s financial flexibility and operational strategy.

The most recent analyst rating on (VOYA) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Voya Financial stock, see the VOYA Stock Forecast page.

Voya Financial Reports Q1 2025 Earnings and Growth

On May 6, 2025, Voya Financial reported its first-quarter 2025 financial results, highlighting a net income of $139 million and after-tax adjusted operating earnings of $195 million. The results were driven by the acquisition of OneAmerica Financial’s retirement plan business, positive capital markets, and disciplined spending. Despite a decrease in net income compared to the previous year due to the absence of prior investment gains and higher expenses, Voya showed growth in adjusted operating earnings. The company returned $43 million to shareholders and invested $200 million in strategic growth, maintaining a strong balance sheet and capital generation. Voya’s Wealth Solutions segment saw a significant increase in earnings and client assets, while Health Solutions faced challenges with declining revenues and margins. Investment Management experienced growth in fee-based revenues and net inflows, contributing to an improved operating margin.

Voya Financial Reports $345 Billion in Managed Assets

Voya Financial disclosed that as of March 31, 2025, its Investment Management segment managed assets totaling $345 billion. This includes a diverse portfolio of asset types and client categories, with significant holdings in equity and fixed income assets. The announcement provides stakeholders with an early insight into the company’s financial performance ahead of its scheduled quarterly earnings release.

Voya Financial Reports Lower Than Expected Q1 Investment Income

Voya Financial announced preliminary results for the first quarter of 2025, revealing alternative investment income below long-term expectations, estimated at $24 million – $34 million pre-tax. The company cautions that these preliminary figures are subject to change and have not been audited, urging investors to exercise caution in relying on this information.