RBC Capital analyst Mark Dwelle initiates coverage on $Voya Financial (VOYA.US)$ with a buy rating, and sets the target price at $90.
According to TipRanks data, the analyst has a success rate of 68.2% and a total average return of 15.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Voya Financial (VOYA.US)$'s main analysts recently are as follows:
The expectation is that third-quarter catastrophe losses will be 'manageable' for property and casualty insurers despite a busy period for global catastrophe events. Models for the fourth quarter include 'placeholder' losses for Hurricane Milton, with the understanding that there is still uncertainty as the storm has only recently made landfall. Adjustments in the sector reflect occurrences throughout the quarter and changes in P/E multiples.
The anticipation of third-quarter results for U.S. Asset Managers suggests that the sector may see continued improvement in fixed income organic growth, based on an analysis of ICI data. Further, an examination of Simfund retail fund data indicates that the industry has likely maintained positive net flows in fixed income throughout the months of the year to date. Additionally, the significant market appreciation observed in the quarter suggests potential margin benefits for asset managers, likely due to operating leverage.
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