Sunday, June 26, 2022

A company insider recently sold 57,782 shares of Voya Financial Inc. [VOYA]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Voya Financial Inc. shares valued at $3,906,958 were sold by Hurtsellers Christine on Feb 23. At $67.62 per share, Hurtsellers Christine sold 57,782 shares. The insider’s holdings dropped to 63,510 shares worth approximately $3.65 million following the completion of this transaction.

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Also, Katz Michael Robert sold 4,054 shares, netting a total of over 269,504 in proceeds. Following the sale of shares at $66.48 each, the insider now holds 14,992 shares.

Before that, SILVA KEVIN D had sold 12,205 shares from its account. In a trade valued at $839,715, the insider traded Voya Financial Inc. shares for $68.80 each. Upon closing the transaction, the insider’s holdings decreased to 12,205 shares, worth approximately $0.57 million.

As published in a research note from Goldman on June 03, 2022, Voya Financial Inc. [VOYA] has been rated up from a Neutral to a Buy and the price target has been revised to $80 from $81. This represents a 28.09% premium over Thursday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of March 01, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for VOYA. Earlier on January 26, 2022, Jefferies initiated its rating. Their recommendation was “a Hold” for VOYA stock.

Analyzing VOYA’s Price Performance

On Thursday, Voya Financial Inc. [NYSE: VOYA] plunged -1.94% to $57.53. The stock’s lowest price that day was $56.64, but it reached a high of $58.68 in the same session. During the last five days, there has been a drop of approximately -5.10%. Over the course of the year, Voya Financial Inc. shares have dropped approximately -13.24%. Shares of the company reached a 52-week high of $74.97 on 01/18/22 and a 52-week low of $56.64 on 06/23/22. A 50-day SMA is recorded $64.45, while a 200-day SMA reached $65.94. Nevertheless, trading volume fell to 1.46 million shares from 1.11 million shares the previous day.

Support And Resistance Levels for Voya Financial Inc. (VOYA)

According to the 24-hour chart, there is a support level at 56.55, which, if violated, would cause prices to drop to 55.58. In the upper region, resistance lies at 58.59. The next price resistance is at 59.66. RSI (Relative Strength Index) is 32.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.51, which suggests the price will decrease in the coming days. Percent R is at 92.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Voya Financial Inc. subject to short interest?

Stocks of Voya Financial Inc. saw a sharp rise in short interest on May 30, 2022 jumping by 0.35 million shares to 17.22 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 16.87 million shares. A jump of 2.03% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 12.69 of the overall float, the days-to-cover ratio (short ratio) jumped to 12.69.

Which companies own the most shares of Voya Financial Inc. (VOYA)?

According to The Vanguard Group, Inc. filings, the company currently owns 9,930,313 shares, which is about 9.72% of the total VOYA shares outstanding. The investor’s shares have plunged by -266,931 from its previous 13-F filing of 10197244.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $660,810,011. Franklin Mutual Advisers LLC acquire a 0.44% interest valued at $610.52 million while Wellington Management Co. LLP purchased a 519,701 stake. A total of -21,072 shares of Voya Financial Inc. were bought by Pzena Investment Management LLC during the quarter, and -467,224 were sold by Samlyn Capital LLC. In its current portfolio, Threadneedle Asset Management Ltd holds 3,724,435 shares valued at $255.53 million.

In terms of Voya Financial Inc. share price expectations, FactSet research, analysts set an average price target of $77.14 in the next 12 months, up nearly 32.95% from the previous closing price of $58.67. Analysts anticipate Voya Financial Inc. stock to reach $82.00 by 2022, with the lowest price target being $70.00. In spite of this, 14 analysts ranked Voya Financial Inc. stock as an Overweight at the end of 2022. On January 21, 2022, Wolfe Research assigned a price target of “a Peer perform” to the stock and initiated coverage with a $80.

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