Voya Financial Inc (NYSE:VOYA) insider Kevin D. Silva sold 895 shares of Voya Financial stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total value of $45,439.15. Following the completion of the transaction, the insider now owns 9,299 shares in the company, valued at approximately $472,110.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Voya Financial Inc (NYSE:VOYA) traded up $0.33 during trading hours on Friday, reaching $51.04. The company’s stock had a trading volume of 1,349,839 shares, compared to its average volume of 2,426,341. The company has a quick ratio of 0.14, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. Voya Financial Inc has a one year low of $33.53 and a one year high of $54.87. The stock has a market capitalization of $9,174.29, a price-to-earnings ratio of -3.06, a PEG ratio of 0.65 and a beta of 1.61.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. The company had revenue of $2.19 billion for the quarter. research analysts predict that Voya Financial Inc will post 4.3 EPS for the current fiscal year.
Voya Financial declared that its board has approved a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s dividend payout ratio (DPR) is presently -0.24%.
A number of large investors have recently added to or reduced their stakes in VOYA. TIAA CREF Investment Management LLC raised its position in Voya Financial by 470.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock valued at $98,946,000 after purchasing an additional 1,649,729 shares during the period. Teachers Advisors LLC raised its position in Voya Financial by 214.6% in the fourth quarter. Teachers Advisors LLC now owns 781,195 shares of the asset manager’s stock valued at $38,646,000 after purchasing an additional 532,904 shares during the period. Lomas Capital Management LLC purchased a new position in Voya Financial in the fourth quarter valued at about $24,717,000. Prana Capital Management LP purchased a new position in Voya Financial in the fourth quarter valued at about $24,064,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Voya Financial in the fourth quarter valued at about $20,560,000. 97.45% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on VOYA. ValuEngine upgraded Voya Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of Voya Financial in a report on Friday, December 22nd. Wells Fargo & Co reiterated a “buy” rating and issued a $58.00 target price on shares of Voya Financial in a report on Friday, December 22nd. SunTrust Banks lifted their target price on Voya Financial to $54.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, Evercore ISI upgraded Voya Financial to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $54.00.
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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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