Voya Financial (NYSE:VOYA) Stock: Insider Trevor Ogle Sells 2,093 Shares

Voya Financial, Inc. (NYSE:VOYA) insider Trevor Ogle sold 2,093 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $95.81, for a total transaction of $200,530.33. The transaction was disclosed in a document filed 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 Trading Down 0.2%

VOYA opened at $98.18 on Friday. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $105.64. The business’s 50 day moving average is $98.52 and its two-hundred day moving average is $86.20. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 EPS. On average, research analysts predict that Voya Financial, Inc. will post 9.17 EPS for the current year.

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, November 24th will be paid a $0.57 dividend. This is an increase from Voya Financial’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, November 24th. This represents a $2.28 annualized dividend and a dividend yield of 2.3%. Voya Financial’s dividend payout ratio (DPR) is 31.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Provenance Wealth Advisors LLC lifted its stake in shares of Voya Financial by 72,637.5% in the third quarter. Provenance Wealth Advisors LLC now owns 5,819 shares of the asset manager’s stock valued at $550,000 after purchasing an additional 5,811 shares during the period. Virtue Capital Management LLC acquired a new position in Voya Financial during the third quarter worth about $1,650,000. Hanseatic Management Services Inc. acquired a new position in Voya Financial during the third quarter worth about $899,000. Signaturefd LLC increased its holdings in Voya Financial by 5.6% in the third quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock valued at $222,000 after buying an additional 124 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Voya Financial by 84.6% in the third quarter. Sterling Capital Management LLC now owns 5,122 shares of the asset manager’s stock valued at $484,000 after buying an additional 2,347 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VOYA shares. Atlantic Securities set a $79.00 price target on Voya Financial in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods lowered shares of Voya Financial from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $110.00 to $108.00 in a research report on Friday, October 9th. Evercore reissued an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a research note on Friday, August 7th. UBS Group upped their price objective on shares of Voya Financial from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.69.

About Voya Financial

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.