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

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

Voya Financial Trading Up 0.9%

NYSE VOYA opened at $89.26 on Thursday. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $90.54. The stock has a market cap of $8.09 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.80 and a beta of 0.92. The stock’s fifty day moving average price is $78.42 and its 200-day moving average price is $74.70. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Voya Financial, Inc. will post 9.6 EPS for the current fiscal year.

Voya Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

VOYA has been the topic of several recent analyst reports. Barclays increased their price objective on Voya Financial from $89.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Raymond James Financial raised Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their target price on Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company raised their target price on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and a consensus target price of $91.73.

Institutional Trading of Voya Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Voya Financial during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in Voya Financial during the 4th quarter valued at approximately $33,000. Systematic Financial Management LP bought a new stake in Voya Financial during the 4th quarter valued at approximately $37,000. Finally, Rothschild Investment LLC grew its holdings in Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after buying 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.