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

Voya Financial, Inc. (NYSE:VOYA) insider Tony D. Oh sold 715 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Voya Financial Trading Down 2.0 %

VOYA stock opened at $81.25 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.41 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $83.93. The stock 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 firm’s fifty day simple moving average is $77.94 and its two-hundred day simple moving average is $73.58.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $2.07 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Voya Financial, Inc. will post 8.27 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Raymond James cut shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Barclays lifted their price target on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. 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 research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average target price of $85.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Voya Financial by 149.4% in the first quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager’s stock worth $1,877,000 after purchasing an additional 15,216 shares during the last quarter. M&G Plc grew its holdings in shares of Voya Financial by 18.6% in the second quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock worth $8,357,000 after purchasing an additional 18,471 shares during the last quarter. Entropy Technologies LP grew its holdings in shares of Voya Financial by 62.3% in the first quarter. Entropy Technologies LP now owns 26,997 shares of the asset manager’s stock worth $1,996,000 after purchasing an additional 10,360 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Voya Financial in the first quarter worth about $1,032,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

About Voya Financial

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.