Voya Financial CAO Unloads $133,508 in Stock (VOYA)
Voya Financial (NYSE:VOYA) CAO Steven T. Pierson sold 3,685 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.23, for a total value of $133,507.55. Following the completion of the sale, the chief accounting officer now directly owns 8,415 shares in the company, valued at approximately $304,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Voya Financial (NYSE:VOYA) traded up 0.25% on Monday, hitting $36.45. The stock had a trading volume of 1,825,918 shares. Voya Financial has a 52-week low of $25.52 and a 52-week high of $37.75. The stock has a 50-day moving average of $35.46 and a 200-day moving average of $35.37. The company has a market cap of $9.280 billion and a P/E ratio of 8.85.
Voya Financial (NYSE:VOYA) last released its earnings data on Wednesday, May 7th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.08. The company had revenue of $268.00 million for the quarter, compared to the consensus estimate of $307.41 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, analysts predict that Voya Financial will post $2.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Thursday, June 5th.
A number of research firms have recently commented on VOYA. Analysts at Raymond James reiterated an “outperform” rating on shares of Voya Financial in a research note on Friday, May 9th. They now have a $41.50 price target on the stock, up previously from $40.00. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Voya Financial in a research note on Thursday, May 8th. They set an “outperform” rating and a $41.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Voya Financial from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $41.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.83.
Voya Financial Inc, formerly ING U.S., Inc, is a retirement, investment and insurance company. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.