Insider Selling: Voya Financial, Inc. (NYSE:VOYA) Insider Sells 715 Shares of Stock

Voya Financial, Inc. (NYSE:VOYA) insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Voya Financial Stock Performance

Voya Financial stock opened at $81.25 on Friday. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $83.93. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.41 and a quick ratio of 0.30. The firm’s fifty day moving average price is $77.94 and its 200 day moving average price is $73.58.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.07 EPS. On average, research analysts forecast that Voya Financial, Inc. will post 8.27 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s payout ratio is currently 28.66%.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Bank of America lifted their price target on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Piper Sandler lifted their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.55.

Institutional Investors Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at about $29,000. UMB Bank n.a. boosted its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after buying an additional 239 shares during the period. Quarry LP acquired a new position in shares of Voya Financial in the 2nd quarter valued at about $61,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after buying an additional 822 shares during the period. Finally, Blue Trust Inc. boosted its stake in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.