Stock Traders Buy High Volume of Voya Financial Put Options (VOYA)

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Voya Financial Inc (NYSE:VOYA) was the target of unusually large options trading activity on Wednesday. Traders acquired 746 put options on the company. This is an increase of 748% compared to the average daily volume of 88 put options.

A number of research firms recently weighed in on VOYA. Royal Bank of Canada dropped their price target on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a research note on Thursday. Morgan Stanley dropped their price target on shares of Voya Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday. Credit Suisse Group dropped their price target on shares of Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday. ValuEngine downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Barclays dropped their price target on shares of Voya Financial from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Voya Financial has a consensus rating of “Buy” and a consensus target price of $59.08.

Shares of NYSE:VOYA opened at $43.76 on Thursday. Voya Financial has a 52 week low of $40.08 and a 52 week high of $55.27. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.54 and a beta of 1.42.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.15. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 6.84%. The firm had revenue of $163.00 million during the quarter, compared to the consensus estimate of $297.80 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, research analysts anticipate that Voya Financial will post 4.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, November 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date is Thursday, November 29th. Voya Financial’s payout ratio is presently 1.33%.

A number of large investors have recently modified their holdings of the business. USA Financial Portformulas Corp bought a new stake in Voya Financial in the third quarter valued at approximately $556,000. WBI Investments Inc. bought a new stake in Voya Financial in the third quarter valued at approximately $3,088,000. Robeco Institutional Asset Management B.V. increased its stake in Voya Financial by 21.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 956,036 shares of the asset manager’s stock valued at $47,487,000 after purchasing an additional 170,217 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Voya Financial in the third quarter valued at approximately $9,057,000. Finally, NN Investment Partners Holdings N.V. increased its stake in Voya Financial by 51.1% in the third quarter. NN Investment Partners Holdings N.V. now owns 109,848 shares of the asset manager’s stock valued at $5,456,000 after purchasing an additional 37,131 shares in the last quarter.

About Voya Financial

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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