Barclays analyst Alex Scott maintains $Voya Financial (VOYA.US)$ with a buy rating, and maintains the target price at $79.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 10.6% 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 long-term fundamental outlook for the life insurance sector is seen as downbeat, yet there remains a bullish perspective on stocks in the near term. The favorable macroeconomic environment, along with insurers' robust balance sheets and their capacity for share buybacks, are factors likely to further drive the outperformance of life insurance stocks. The primary risk to this optimistic view is seen as potential deterioration in corporate credit.
As the analysis of the insurance industry progresses towards 2025, optimism remains higher for life insurers. This sentiment is fueled by improving free cash flow, the advantages stemming from elevated interest rates, substantial excess capital positions, robust group benefits earnings, and the possible furtherance of reinsurance and merger activities. Conversely, despite property and casualty being long-term high-quality ventures, current challenges in the property coverage underwriting cycle and risks associated with casualty loss cost trends could inhibit more favorable developments, leading to a more selective approach in stock preferences.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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