Voya Financial (VOYA) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Voya Financial ( VOYA) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Voya Financial as such a stock due to the following factors:

  • VOYA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $83.7 million.
  • VOYA has traded 19,231 shares today.
  • VOYA is trading at a new lifetime high.

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More details on VOYA:

Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The stock currently has a dividend yield of 0.1%. VOYA has a PE ratio of 5. Currently there are 6 analysts that rate Voya Financial a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Voya Financial has been 2.4 million shares per day over the past 30 days. Voya Financial has a market cap of $10.4 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.85 and a short float of 0.8% with 1.11 days to cover. Shares are up 7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Voya Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, good cash flow from operations, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Compared to its closing price of one year ago, VOYA's share price has jumped by 25.15%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, VOYA should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • Net operating cash flow has increased to $1,053.70 million or 33.95% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 20.99%.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Diversified Financial Services industry and the overall market on the basis of return on equity, VOYA FINANCIAL INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • VOYA, with its decline in revenue, slightly underperformed the industry average of 7.0%. Since the same quarter one year prior, revenues slightly dropped by 1.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

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