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.

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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