Voya Financial Target of Unusually Large Options Trading (NYSE:VOYA)

Voya Financial Inc (NYSE:VOYA) was the target of some unusual options trading on Monday. Stock traders acquired 5,229 put options on the stock. This is an increase of 1,034% compared to the average volume of 461 put options.

Shares of Voya Financial (VOYA) traded down $1.23 during trading on Friday, reaching $51.34. The company’s stock had a trading volume of 2,059,886 shares, compared to its average volume of 2,207,830. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. Voya Financial has a 12-month low of $33.53 and a 12-month high of $54.87. The firm has a market capitalization of $9,330.66 and a PE ratio of -28.68.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The firm had revenue of $226.50 million during the quarter, compared to analyst estimates of $322.92 million. During the same period last year, the business posted ($1.24) EPS. analysts expect that Voya Financial will post 2.88 earnings per share for the current fiscal year.

Several research firms recently weighed in on VOYA. ValuEngine raised Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of Voya Financial in a research report on Friday, December 22nd. Wells Fargo & Co reiterated a “buy” rating and issued a $58.00 target price on shares of Voya Financial in a research report on Friday, December 22nd. Evercore ISI upgraded Voya Financial to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Deutsche Bank initiated coverage on Voya Financial in a research report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.18.

A number of institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new position in Voya Financial in the fourth quarter worth $133,000. Toronto Dominion Bank boosted its position in Voya Financial by 7.9% in the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after purchasing an additional 199 shares during the last quarter. Reliance Trust Co. of Delaware purchased a new position in Voya Financial in the third quarter worth $215,000. IFM Investors Pty Ltd purchased a new position in Voya Financial in the third quarter worth $254,000. Finally, Private Advisor Group LLC purchased a new position in Voya Financial in the third quarter worth $274,000. 96.70% of the stock is owned by hedge funds and other institutional investors.

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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.

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