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

Key Points

• Voya Financial insider Trevor Ogle sold 2,093 shares at an average price of $95.81, totaling approximately $200,530. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
• Voya’s shares opened at $96.56, with a market capitalization of about $8.75 billion and a 52-week range of $64.50 to $105.64. The company’s latest quarterly results missed analyst expectations, reporting $1.51 EPS versus the $1.98 consensus estimate.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.69; institutional investors and hedge funds own 96.1% of the stock.

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) insider Trevor Ogle sold 2,093 shares of the business's stock in a transaction on 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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voya Financial Price Performance

Shares of VOYA stock opened at $96.56 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $98.50 and a two-hundred day moving average of $86.00. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $105.64. The company has a market capitalization of $8.75 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.97 and a beta of 0.90.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.47). The company had revenue of $1.88 billion for 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%. Voya Financial's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS. As a group, equities analysts expect that Voya Financial, Inc. will post 9.17 EPS for the current year.

Hedge Funds Weigh In On Voya Financial

A number of institutional investors have recently modified their holdings of VOYA. Danske Bank A S bought a new position in Voya Financial in the 2nd quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Voya Financial in the second quarter worth approximately $48,000. Root Financial Partners LLC grew its holdings in Voya Financial by 59.6% during the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager's stock valued at $39,000 after purchasing an additional 214 shares during the last quarter. Versant Capital Management Inc increased its position in Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager's stock worth $66,000 after buying an additional 159 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Voya Financial during the second quarter valued at approximately $84,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Voya Financial from $80.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, July 10th. TD Cowen upped their price objective on shares of Voya Financial from $112.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating and issued a $111.00 target price on shares of Voya Financial in a research report on Friday, August 7th. UBS Group increased their price objective on shares of Voya Financial from $125.00 to $127.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Finally, Barclays upped their price objective on Voya Financial from $105.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued 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 has a consensus rating of "Moderate Buy" and an average 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.

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