Voya Financial (NYSE:VOYA) Insider Trevor Ogle Sells 3,994 Shares

Voya Financial, Inc. (NYSE:VOYA) insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the sale, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voya Financial Price Performance

VOYA stock traded up $0.79 during midday trading on Wednesday, reaching $89.26. 804,780 shares of the company’s stock traded hands, compared to its average volume of 1,146,088. The company has a 50-day simple moving average of $77.97 and a two-hundred day simple moving average of $74.55. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $90.54. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.80 and a beta of 0.92. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm posted $2.00 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that Voya Financial, Inc. will post 9.6 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. TD Cowen started coverage on Voya Financial in a research note on Monday, April 20th. They issued a “buy” rating and a $100.00 target price for the company. Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a report on Monday. Finally, Barclays boosted their target price on Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.73.

Institutional Investors Weigh In On Voya Financial

Several large investors have recently bought and sold shares of VOYA. Allworth Financial LP increased its stake in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Voya Financial during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in Voya Financial during the fourth quarter worth about $33,000. Systematic Financial Management LP bought a new position in Voya Financial during the fourth quarter worth about $37,000. Finally, Rothschild Investment LLC lifted its holdings in Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after acquiring an additional 518 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.