Voya Financial (NYSE:VOYA) Insider Sells $359,460.00 in Stock

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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voya Financial Trading Up 0.5%

Shares of Voya Financial stock opened at $91.39 on Friday. The business has a fifty day simple moving average of $79.36 and a two-hundred day simple moving average of $74.97. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $92.00. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) 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 business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $2.00 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Voya Financial, Inc. will post 9.6 EPS for the current year.

Voya Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Wells Fargo & Company lifted their target price on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Barclays lifted their target price on Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. TD Cowen assumed coverage on Voya Financial in a report on Monday, April 20th. They set a “buy” rating and a $100.00 target price for the company. Finally, Royal Bank Of Canada lifted their target price on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. One investment 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, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $91.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Voya Financial by 21.7% during the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock worth $5,741,000 after purchasing an additional 15,091 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Voya Financial by 8.4% in the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after acquiring an additional 51,376 shares during the period. Empowered Funds LLC lifted its stake in shares of Voya Financial by 13.5% in the first quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock worth $2,564,000 after acquiring an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Voya Financial by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after acquiring an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the period. Institutional investors own 96.10% of the company’s stock.

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.