Voya Financial Inc (VOYA) Insider Kevin D. Silva Sells 895 Shares

Voya Financial Inc (NYSE:VOYA) insider Kevin D. Silva sold 895 shares of Voya Financial stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total transaction of $45,439.15. Following the transaction, the insider now directly owns 9,299 shares of the company’s stock, valued at $472,110.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Voya Financial Inc (VOYA) traded up $0.33 during midday trading on Friday, reaching $51.04. 1,349,839 shares of the company traded hands, compared to its average volume of 2,426,341. The stock has a market cap of $9,114.96, a price-to-earnings ratio of -3.06, a PEG ratio of 0.65 and a beta of 1.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.14 and a current ratio of 0.17. Voya Financial Inc has a 12 month low of $33.53 and a 12 month high of $54.87.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 13th. The asset manager reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The company had revenue of $2.19 billion during the quarter. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%. research analysts predict that Voya Financial Inc will post 4.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Tuesday, February 27th. Voya Financial’s payout ratio is presently -0.24%.

Voya Financial announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in Voya Financial by 7.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after acquiring an additional 199 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Voya Financial by 92.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock worth $103,000 after buying an additional 1,008 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Voya Financial during the fourth quarter worth $133,000. Reliance Trust Co. of Delaware purchased a new stake in shares of Voya Financial during the third quarter worth $215,000. Finally, Advisor Group Inc. grew its holdings in shares of Voya Financial by 171.6% during the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock worth $226,000 after buying an additional 2,891 shares in the last quarter. 97.45% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the stock. SunTrust Banks lifted their target price on shares of Voya Financial to $54.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Wells Fargo & Co set a $65.00 target price on shares of Voya Financial and gave the company a “buy” rating in a report on Wednesday, February 14th. Evercore ISI raised shares of Voya Financial to a “buy” rating and set a $60.00 target price for the company in a report on Wednesday, December 27th. ValuEngine raised shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $51.00 target price on shares of Voya Financial in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Voya Financial presently has an average rating of “Buy” and a consensus price target of $54.00.

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Voya Financial Company Profile

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

Insider Buying and Selling by Quarter for Voya Financial (NYSE:VOYA)

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