Investors Purchase Large Volume of Voya Financial Put Options (VOYA)

Voya Financial Inc (NYSE:VOYA) saw some unusual options trading activity on Wednesday. Investors purchased 1,113 put options on the stock. This represents an increase of 689% compared to the typical volume of 141 put options.

A number of institutional investors have recently added to or reduced their stakes in VOYA. Toronto Dominion Bank raised its stake in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 199 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new stake in Voya Financial during the third quarter valued at $215,000. IFM Investors Pty Ltd purchased a new stake in Voya Financial during the third quarter valued at $254,000. TLP Group LLC purchased a new stake in Voya Financial during the second quarter valued at $262,000. Finally, Stephens Inc. AR purchased a new stake in Voya Financial during the third quarter valued at $273,000. 96.79% of the stock is currently owned by institutional investors.

Voya Financial (NYSE VOYA) opened at $51.14 on Friday. Voya Financial has a 1-year low of $33.53 and a 1-year high of $52.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $8,417.55, a price-to-earnings ratio of -28.57, a PEG ratio of 0.86 and a beta of 1.65.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The company had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. During the same period last year, the firm posted ($1.24) EPS. research analysts expect that Voya Financial will post 3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s dividend payout ratio (DPR) is presently -2.23%.

Several equities analysts have weighed in on VOYA shares. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Goldman Sachs Group started coverage on shares of Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of Voya Financial in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $51.00 price target on shares of Voya Financial in a report on Friday, November 10th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.36.

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About Voya Financial

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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