Voya Financial (NYSE:VOYA) Insider Trevor Ogle Sells 2,093 Shares of Stock

Voya Financial, Inc. (NYSE:VOYA) insider Trevor Ogle sold 2,093 shares of Voya Financial stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $95.81, for a total value of $200,530.33. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $96.56 on Thursday. The company’s 50 day simple moving average is $98.50 and its 200 day simple moving average is $86.00. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $105.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $1.66 earnings per share. As a group, research analysts predict that Voya Financial, Inc. will post 9.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Deutsche Bank AG acquired a new position in shares of Voya Financial in the second quarter valued at approximately $1,010,000. Quantinno Capital Management LP raised its stake in Voya Financial by 6.8% during the first quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after acquiring an additional 15,186 shares during the period. BlackRock Inc. acquired a new position in shares of Voya Financial during the second quarter worth approximately $850,187,000. Tidal Investments LLC raised its holdings in Voya Financial by 172.7% during the second quarter. Tidal Investments LLC now owns 21,487 shares of the asset manager’s stock worth $1,945,000 after purchasing an additional 13,608 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Voya Financial in the second quarter valued at $2,045,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on VOYA. Jefferies Financial Group lifted their target price on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $109.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Evercore reiterated an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a report on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods cut Voya Financial from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $110.00 to $108.00 in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.69.

Voya Financial Company Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.