Trevor Ogle Sells 3,994 Shares of Voya Financial (NYSE:VOYA) Stock

Voya Financial, Inc. (NYSE:VOYA) insider Trevor Ogle sold 3,994 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voya Financial Price Performance

Shares of VOYA opened at $90.83 on Friday. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $91.04. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.81 and a beta of 0.92. The firm has a 50-day simple moving average of $78.87 and a 200-day simple moving average of $74.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27.

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, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business 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 firm earned $2.00 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that Voya Financial, Inc. will post 9.6 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders 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 dividend yield of 2.1%. Voya Financial’s dividend payout ratio is 28.40%.

Institutional Investors Weigh In On Voya Financial

A number of hedge funds have recently added to or reduced their stakes in VOYA. Royal Bank of Canada lifted its position in Voya Financial by 21.7% in the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after acquiring an additional 51,376 shares during the period. Empowered Funds LLC lifted its position in shares of Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $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 position in shares of Voya Financial by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after acquiring an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VOYA. Royal Bank Of Canada increased their target price on shares of Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley raised their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Barclays raised their price objective on shares of Voya Financial from $89.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Bank of America reduced their price objective on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock 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.