Voya Financial Inc (NYSE:VOYA) declared a quarterly dividend on Monday, May 1st. Investors of record on Wednesday, May 31st will be paid a dividend of 0.01 per share by the asset manager on Thursday, June 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Friday, May 26th.
Voya Financial has increased its dividend by an average of 26.0% per year over the last three years. Voya Financial has a payout ratio of 1.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Voya Financial to earn $4.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.9%.
Voya Financial (NYSE VOYA) traded down 1.66% on Wednesday, reaching $33.75. The company’s stock had a trading volume of 258,708 shares. Voya Financial has a 1-year low of $22.75 and a 1-year high of $42.96. The company’s market capitalization is $6.28 billion. The stock has a 50 day moving average price of $36.34 and a 200-day moving average price of $38.88. Voya Financial also was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 15,749 put options on the stock. This represents an increase of 1,489% compared to the average volume of 991 put options.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Voya Financial had a negative net margin of 4.20% and a positive return on equity of 3.39%. The company had revenue of $303.20 million during the quarter, compared to the consensus estimate of $293.84 million. During the same quarter last year, the firm posted $0.55 EPS. Equities analysts predict that Voya Financial will post $3.55 earnings per share for the current fiscal year.
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In other Voya Financial news, insider Alain M. Karaoglan sold 9,246 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $41.11, for a total transaction of $380,103.06. Following the completion of the transaction, the insider now owns 55,749 shares in the company, valued at $2,291,841.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alain M. Karaoglan acquired 824 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was purchased at an average price of $36.17 per share, with a total value of $29,804.08. Following the completion of the transaction, the insider now directly owns 35,643 shares of the company’s stock, valued at approximately $1,289,207.31. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 74,800 shares of company stock worth $2,925,189. 0.17% of the stock is owned by insiders.
VOYA has been the subject of several research analyst reports. Barclays PLC reaffirmed a “hold” rating and set a $41.00 target price on shares of Voya Financial in a report on Sunday, February 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research note on Thursday, March 16th. Citigroup Inc reiterated a “focus list” rating on shares of Voya Financial in a research note on Tuesday, February 21st. BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of Voya Financial in a research report on Friday, February 3rd. Finally, Morgan Stanley boosted their target price on shares of Voya Financial from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $42.36.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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