Voya Financial Inc (VOYA) Insider Sells $660,280.95 in Stock

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Voya Financial Inc (NYSE:VOYA) insider Chetlur S. Ragavan sold 13,713 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $48.15, for a total transaction of $660,280.95. Following the transaction, the insider now directly owns 57,595 shares in the company, valued at $2,773,199.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of VOYA traded up $0.48 during mid-day trading on Monday, hitting $49.14. 935,876 shares of the company’s stock were exchanged, compared to its average volume of 1,471,565. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $55.27. The stock has a market capitalization of $7.61 billion, a PE ratio of 12.16 and a beta of 1.44. The company has a current ratio of 0.16, a quick ratio of 0.17 and a debt-to-equity ratio of 0.55.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 5th. The asset manager reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Voya Financial had a net margin of 10.28% and a return on equity of 8.04%. During the same quarter in the previous year, the firm earned $0.87 EPS. Equities research analysts predict that Voya Financial Inc will post 5.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, February 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. Voya Financial’s dividend payout ratio is 0.99%.

Several brokerages have recently commented on VOYA. Goldman Sachs Group raised shares of Voya Financial from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $60.00 to $54.00 in a report on Tuesday, January 8th. ValuEngine raised shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Morgan Stanley lowered their target price on shares of Voya Financial from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. Credit Suisse Group set a $59.00 target price on shares of Voya Financial and gave the stock a “buy” rating in a report on Friday, January 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Voya Financial from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Voya Financial presently has an average rating of “Buy” and an average target price of $57.78.

Several hedge funds and other institutional investors have recently bought and sold shares of VOYA. Robeco Institutional Asset Management B.V. boosted its position in shares of Voya Financial by 21.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 956,036 shares of the asset manager’s stock worth $47,487,000 after acquiring an additional 170,217 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Voya Financial during the 3rd quarter worth approximately $488,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Voya Financial by 20.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 30,527 shares of the asset manager’s stock worth $1,516,000 after acquiring an additional 5,200 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of Voya Financial by 44.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 11,379 shares of the asset manager’s stock worth $565,000 after acquiring an additional 3,476 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Voya Financial by 3.4% during the 3rd quarter. LSV Asset Management now owns 2,687,262 shares of the asset manager’s stock worth $133,476,000 after acquiring an additional 89,162 shares in the last quarter.

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Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

Further Reading: Depreciation

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