Voya Financial, Inc. (NYSE:VOYA) was the target of some unusual options trading on Tuesday. Investors acquired 15,749 put options on the company. This is an increase of 1,489% compared to the average volume of 991 put options.
Several equities research analysts have issued reports on VOYA shares. Barclays PLC reissued a “hold” rating and set a $41.00 target price on shares of Voya Financial in a research note on Sunday, February 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $51.00 price target on shares of Voya Financial in a research report on Thursday, March 16th. Citigroup Inc. restated a “focus list” rating on shares of Voya Financial in a research report on Tuesday, February 21st. Morgan Stanley raised their price target on Voya Financial from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 15th. Finally, BidaskClub upgraded Voya Financial from a “strong sell” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.36.
In other Voya Financial news, Chairman Rodney O. Martin, Jr. sold 8,559 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $37.29, for a total transaction of $319,165.11. Following the completion of the transaction, the chairman now owns 125,121 shares of the company’s stock, valued at $4,665,762.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alain M. Karaoglan sold 28,899 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $37.50, for a total value of $1,083,712.50. Following the transaction, the insider now directly owns 6,637 shares of the company’s stock, valued at approximately $248,887.50. The disclosure for this sale can be found here. Over the last three months, insiders bought 14,299 shares of company stock worth $505,087 and sold 41,497 shares worth $1,553,492. 0.24% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Voya Financial during the first quarter valued at $119,000. Cantab Capital Partners LLP purchased a new position in Voya Financial during the fourth quarter worth approximately $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Voya Financial during the fourth quarter worth approximately $125,000. Advisory Services Network LLC purchased a new position in Voya Financial during the first quarter worth approximately $152,000. Finally, Coconut Grove Bank raised its position in Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock worth $161,000 after buying an additional 1,960 shares during the period. Institutional investors and hedge funds own 99.03% of the company’s stock.
Shares of Voya Financial (VOYA) traded up 0.43% during trading on Monday, reaching $37.13. The company had a trading volume of 421,383 shares. Voya Financial has a 52-week low of $22.75 and a 52-week high of $42.96. The stock’s market capitalization is $6.90 billion. The stock has a 50 day moving average of $36.11 and a 200 day moving average of $38.74.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $303.20 million for the quarter, compared to analyst estimates of $293.84 million. Voya Financial had a negative net margin of 7.64% and a positive return on equity of 3.78%. During the same period last year, the business posted $0.55 EPS. Equities research analysts forecast that Voya Financial will post $3.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.01 per share. The ex-dividend date is Friday, May 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. Voya Financial’s dividend payout ratio (DPR) is currently -1.02%.
WARNING: This news story was published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/06/12/traders-buy-large-volume-of-voya-financial-put-options-voya-updated.html.
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.
Receive News & Ratings for Voya Financial Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Voya Financial Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.