Morgan Reiterates Its Bullish Stance on Voya Financial (VOYA) Following Q3 2025 Results

Voya Financial, Inc. (NYSE:VOYA) is one of the 12 deep value stocks to invest in.

Morgan Reiterates Its Bullish Stance on Voya Financial (VOYA) Following Q3 2025 Results

On November 5, 2025, Morgan Stanley’s Bob Huang reiterated his “Buy” rating on Voya Financial, Inc. (NYSE:VOYA) with a $91 price target.

This update followed Voya Financial, Inc.’s (NYSE:VOYA) Q3 2025 results announcement on November 4, 2025. The company reported $176 million in net income and $239 million in after-tax adjusted operating earnings ($2.45 per diluted share), a roughly 30% YoY increase. The quarter also marked the generation of over $200 million in excess capital and roughly $600 million year-to-date.

Voya Financial, Inc. (NYSE:VOYA) recorded an increase in total revenue from $506 million in Q3 2024 to $583 million in Q3 2025, thanks to net revenue growth of 14.9% and 7.6% in the Retirement and Investment Management segments, respectively. Retirement revenue was driven by the OneAmerica acquisition, while Investment Management revenue reflected increased fee-based revenue due to continued strong commercial momentum and favorable capital markets.

Furthermore, Voya Financial, Inc.’s (NYSE:VOYA) board approved a 4% increase in the quarterly dividend, bringing the quarterly payment to $0.47 per share, effective Q4 2025.

Voya Financial, Inc. (NYSE:VOYA) delivers retirement, employee benefits, and investment management solutions, empowering individuals and institutions to achieve financial confidence and soundness.

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