ING US Director Groep Nv Ing Sells 37,950,000 Shares (VOYA)
ING US (NYSE:VOYA) Director Groep Nv Ing unloaded 37,950,000 shares of the stock on the open market in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $29.50, for a total value of $1,119,525,000.00. Following the transaction, the director now directly owns 147,848,227 shares in the company, valued at approximately $4,361,522,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ING US (NYSE:VOYA) traded up 0.71% on Tuesday, hitting $31.22. 1,387,029 shares of the company’s stock traded hands. ING US has a 52 week low of $19.20 and a 52 week high of $32.70. The stock’s 50-day moving average is $30.45 and its 200-day moving average is $28.12. The company has a market cap of $8.142 billion and a price-to-earnings ratio of 146.92.
ING US (NYSE:VOYA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.09. The company had revenue of $306.80 million for the quarter, compared to the consensus estimate of $281.85 million. Analysts expect that ING US will post $2.76 EPS for the current fiscal year.
A number of research firms have recently commented on VOYA. Analysts at Deutsche Bank raised their price target on shares of ING US from $31.00 to $33.00 in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of ING US from a “neutral” rating to an “underweight” rating in a research note to investors on Monday, August 12th. Finally, analysts at JPMorgan Chase & Co. downgraded shares of ING US from a “neutral” rating to an “underweight” rating in a research note to investors on Monday, August 12th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.00.
ING U.S., Inc is a retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States.
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