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 stock in a transaction that occurred 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 owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voya Financial Stock Performance

NYSE:VOYA traded up $0.79 during mid-day trading on Wednesday, hitting $89.26. 804,780 shares of the company’s stock traded hands, compared to its average volume of 1,146,088. The firm has a 50 day moving average of $77.97 and a two-hundred day moving average of $74.55. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $90.54. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92. 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 announced its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Voya Financial, Inc. will post 9.6 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

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

Hedge Funds Weigh In On Voya Financial

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Voya Financial in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 4th quarter worth approximately $33,000. Systematic Financial Management LP acquired a new position in shares of Voya Financial in the 4th quarter worth approximately $37,000. Finally, Rothschild Investment LLC raised its holdings in shares of Voya Financial by 5,180.0% in the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after buying an additional 518 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VOYA has been the subject of a number of research reports. TD Cowen initiated coverage on Voya Financial in a research report on Monday, April 20th. They issued a “buy” rating and a $100.00 price objective for the company. Bank of America reduced their price objective on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Barclays raised their price objective on Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Royal Bank Of Canada raised their price objective on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.73.

Voya Financial Company Profile

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.