Insider Selling: Voya Financial, Inc. (NYSE:VOYA) Director Sells 1,700 Shares of Stock

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director now owns 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Voya Financial Trading Down 0.7%

NYSE VOYA traded down $0.45 during mid-day trading on Friday, reaching $66.04. 106,432 shares of the stock were exchanged, compared to its average volume of 872,062. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The business's fifty day simple moving average is $62.79 and its 200 day simple moving average is $69.05. The stock has a market capitalization of $6.35 billion, a PE ratio of 10.79, a PEG ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Voya Financial's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $1.77 EPS. On average, research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, May 27th. Voya Financial's payout ratio is currently 33.96%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VOYA shares. Morgan Stanley lifted their price objective on Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. UBS Group decreased their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Bank of America reissued an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Voya Financial presently has an average rating of "Hold" and a consensus target price of $81.92.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Voya Financial by 13.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 60,289 shares of the asset manager's stock worth $4,150,000 after purchasing an additional 7,158 shares during the last quarter. KBC Group NV grew its position in Voya Financial by 260.5% in the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after purchasing an additional 6,781 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in Voya Financial by 29.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 20,205 shares of the asset manager's stock worth $1,391,000 after purchasing an additional 4,625 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Voya Financial in the fourth quarter valued at approximately $41,000. 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.