Voya Financial Inc. (VOYA) Insider Alain M. Karaoglan Buys 820 Shares
Voya Financial Inc. (NYSE:VOYA) insider Alain M. Karaoglan purchased 820 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were acquired at an average cost of $26.89 per share, with a total value of $22,049.80. Following the completion of the purchase, the insider now directly owns 34,819 shares in the company, valued at $936,282.91. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Voya Financial Inc. (NYSE:VOYA) traded up 0.03% on Tuesday, hitting $28.89. The company had a trading volume of 3,091,020 shares. The company has a 50 day moving average price of $28.78 and a 200 day moving average price of $29.04. Voya Financial Inc. has a 1-year low of $22.75 and a 1-year high of $42.45. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 21.45 and a beta of 1.55.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, equities analysts forecast that Voya Financial Inc. will post $3.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, August 31st were issued a dividend of $0.01 per share. The ex-dividend date was Monday, August 29th. This represents a $0.04 annualized dividend and a yield of 0.14%. Voya Financial’s dividend payout ratio (DPR) is currently 2.86%.
VOYA has been the subject of several recent analyst reports. Deutsche Bank AG cut their price objective on Voya Financial from $41.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, July 14th. Evercore ISI assumed coverage on Voya Financial in a report on Wednesday, July 6th. They set a “hold” rating and a $31.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $38.00 price target on shares of Voya Financial in a report on Wednesday, July 6th. TheStreet downgraded Voya Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Zacks Investment Research raised Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.73.
A number of large investors have recently made changes to their positions in VOYA. Legal & General Group Plc increased its position in shares of Voya Financial by 7.6% in the first quarter. Legal & General Group Plc now owns 1,027,747 shares of the company’s stock worth $30,599,000 after buying an additional 72,230 shares during the period. Renaissance Technologies LLC increased its position in shares of Voya Financial by 107.7% in the first quarter. Renaissance Technologies LLC now owns 1,251,200 shares of the company’s stock worth $37,248,000 after buying an additional 648,800 shares during the period. Geode Capital Management LLC increased its position in shares of Voya Financial by 1.5% in the first quarter. Geode Capital Management LLC now owns 1,317,011 shares of the company’s stock worth $39,183,000 after buying an additional 19,668 shares during the period. Credit Agricole S A increased its position in shares of Voya Financial by 22.0% in the first quarter. Credit Agricole S A now owns 197,977 shares of the company’s stock worth $5,894,000 after buying an additional 35,711 shares during the period. Finally, Zurich Insurance Group Ltd FI increased its position in shares of Voya Financial by 74.1% in the first quarter. Zurich Insurance Group Ltd FI now owns 54,831 shares of the company’s stock worth $1,632,000 after buying an additional 23,340 shares during the period. Institutional investors and hedge funds own 96.83% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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