Voya Financial executive sells $435,072 in stock

Trevor Ogle, Executive Vice President and Chief Strategy, M&A Corporate Transactions Officer at Voya Financial, Inc. (NYSE:VOYA), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Ogle sold a total of 5,882 shares over two days, with the transactions taking place on February 20 and 21. The sales were executed at prices ranging from $73.4548 to $74.2549 per share, totaling approximately $435,072. The stock, which trades at an attractive P/E ratio of 11.5x, appears undervalued based on InvestingPro’s Fair Value analysis.

Following these transactions, Ogle retains ownership of 7,809 shares directly. Additionally, he holds 6,122 shares indirectly through a 401(k) plan. The sales were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks to avoid potential accusations of insider trading. For deeper insights into insider transactions and comprehensive analysis, access the full VOYA Research Report on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

In other recent news, Voya Financial reported strong fourth-quarter earnings, with earnings per share (EPS) of $1.40, surpassing Wall Street’s consensus estimate of $1.27. The company’s revenue for the quarter also exceeded expectations, reaching $2.01 billion compared to the forecasted $1.88 billion. This performance was driven by robust results in the Wealth Solutions and Investment Management segments, despite challenges in the Health Solutions area. In contrast, Voya Financial’s preliminary fourth-quarter results indicated that alternative investment income and prepayment fees were below long-term expectations, with figures between $40 million and $48 million before taxes. Analysts at Barclays (LON:BARC) and Wells Fargo (NYSE:WFC) have downgraded Voya Financial’s stock rating to Equal Weight, citing concerns over future earnings potential and stop-loss performance. Barclays set a new price target of $75.00, while Wells Fargo adjusted theirs to $76.00, both reflecting a cautious outlook on the company’s valuation and competitive landscape. Additionally, Voya Financial announced the appointment of Jay Kaduson as the new CEO of its Workplace Solutions division, aiming to strengthen its position in the workplace benefits sector. These developments highlight the company’s ongoing efforts to navigate challenges and capitalize on growth opportunities.

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