Voya Financial Sees Unusually Large Options Volume (VOYA)

Voya Financial, Inc. (NYSE:VOYA) was the target of some unusual options trading on Monday. Stock traders acquired 1,229 call options on the company. This represents an increase of approximately 1,059% compared to the average volume of 106 call options.

Shares of Voya Financial (NYSE VOYA) opened at $45.57 on Friday. Voya Financial has a 12-month low of $33.53 and a 12-month high of $47.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market capitalization of $8,190.00, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.65.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The company had revenue of $226.50 million for the quarter, compared to the consensus estimate of $322.92 million. During the same period last year, the business posted ($1.24) earnings per share. equities research analysts forecast that Voya Financial will post 3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. Voya Financial’s dividend payout ratio (DPR) is currently -2.25%.

Several large investors have recently made changes to their positions in the company. IFM Investors Pty Ltd bought a new position in shares of Voya Financial during the third quarter valued at about $254,000. Highbridge Capital Management LLC grew its stake in shares of Voya Financial by 87.9% in the third quarter. Highbridge Capital Management LLC now owns 410,500 shares of the asset manager’s stock worth $16,375,000 after purchasing an additional 191,975 shares during the last quarter. Crestline Management LP bought a new stake in shares of Voya Financial in the third quarter worth about $5,573,000. Janus Henderson Group PLC grew its stake in shares of Voya Financial by 34.6% in the third quarter. Janus Henderson Group PLC now owns 58,666 shares of the asset manager’s stock worth $2,340,000 after purchasing an additional 15,076 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of Voya Financial by 956.5% in the third quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock worth $14,744,000 after purchasing an additional 334,624 shares during the last quarter. 96.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on VOYA. BidaskClub upgraded Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of Voya Financial in a research report on Wednesday, September 6th. Wells Fargo & Company set a $50.00 price target on Voya Financial and gave the company a “buy” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $51.00 price target on shares of Voya Financial in a research report on Friday, November 10th. Finally, Goldman Sachs Group began coverage on Voya Financial in a research report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.70.

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About Voya Financial

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

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