Voya Financial, Inc.
VOYA, VOYA-PB · Life Insurance · 90.7M shares · -7%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $243M (gross $369M, SBC $126M)
Reference price $90.00 · est. market cap ~$8.2B — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B73Capital-light retirement, asset-management and benefits franchise with top-quartile ROE and ROIC, though headline revenue and earnings dipped slightly.
Strengths
- Top-quartile ROE 13.2% (76th pct) and ROIC 12.7% (79th pct); solid operating margin (71st pct)
- Diversified, fee-oriented Workplace/Investment-Management model with durable AUM-based earnings
Risks
- Revenue down 3.8% and net income down 1.9%; ROA only 0.37% (41st pct)
- Market, spread and prepayment risk (notably the CMO-B portfolio) and rate sensitivity across the investment book
Notable findings
- Buying back stockNet buyback — share count -7%/yr over 4y
- Insider sellingInsider selling — 4 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
12.7%
Net margin
8.0%
Return on equity
13.2%
Return on assets
0.4%
ROIC
12.7%
Revenue growth (QoQ)
-3.8%
Net-income growth
-1.9%
Debt / equity
0.3×
Tangible book value
$3.3B
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Ogle Trevor | Sell | 4.0K | $90.00 |
| 2026-05-21 | Chwick Jane | Option exercise | 2.5K | — |
| 2026-05-21 | Butler Yvette S. | Option exercise | 2.5K | — |
| 2026-05-21 | TRIPODI JOSEPH V | Option exercise | 2.5K | — |
| 2026-03-02 | Ogle Trevor | Sell | 1.7K | $65.00 |
| 2026-02-20 | Oh Tony D | Sell | 3.5K | $73.78 |
| 2026-02-20 | Ogle Trevor | Sell | 8.5K | $73.81 |
| 2026-02-18 | Biggar Lynne | Option exercise | 197 | $74.51 |
| 2026-02-17 | Katz Michael Robert | Option exercise | 3.3K | — |
| 2026-02-17 | Katz Michael Robert | Option exercise | 9.5K | — |
| 2026-02-17 | Katz Michael Robert | Tax withheld | 5.9K | $74.39 |
| 2026-02-17 | Ogle Trevor | Option exercise | 4.2K | — |
| 2026-02-17 | Ogle Trevor | Option exercise | 9.2K | — |
| 2026-02-17 | Ogle Trevor | Tax withheld | 4.9K | $74.39 |
| 2026-02-17 | Tressy Rachel | Option exercise | 452 | — |
| 2026-02-17 | Tressy Rachel | Option exercise | 1.7K | — |
| 2026-02-17 | Tressy Rachel | Tax withheld | 1.1K | $74.39 |
| 2026-02-17 | Thompson Brannigan C | Option exercise | 793 | — |
| 2026-02-17 | Thompson Brannigan C | Option exercise | 4.9K | — |
| 2026-02-17 | Thompson Brannigan C | Tax withheld | 2.7K | $74.39 |
| 2026-02-17 | Keshavan Santhosh | Option exercise | 4.7K | — |
| 2026-02-17 | Keshavan Santhosh | Option exercise | 10K | — |
| 2026-02-17 | Keshavan Santhosh | Tax withheld | 7.0K | $74.39 |
| 2026-02-17 | Toms Matthew | Option exercise | 2.6K | — |
| 2026-02-17 | Toms Matthew | Option exercise | 11K | — |
| 2026-02-17 | Toms Matthew | Tax withheld | 6.5K | $74.39 |
| 2026-02-17 | Kaduson Jay | Option exercise | 18K | — |
| 2026-02-17 | Kaduson Jay | Tax withheld | 7.9K | $74.39 |
| 2026-02-17 | Oh Tony D | Option exercise | 683 | — |
| 2026-02-17 | Oh Tony D | Option exercise | 683 | — |
| 2026-02-17 | Oh Tony D | Option exercise | 4.4K | — |
| 2026-02-17 | Lavallee Heather H. | Option exercise | 15K | — |
| 2026-02-17 | Lavallee Heather H. | Option exercise | 41K | — |
| 2026-02-17 | Lavallee Heather H. | Tax withheld | 27K | $74.39 |
| 2026-02-17 | Oh Tony D | Option exercise | 4.4K | — |
| 2026-02-17 | Oh Tony D | Tax withheld | 1.6K | $74.39 |
| 2025-12-12 | Katz Michael Robert | Option exercise | 21K | $37.60 |
| 2025-12-12 | Katz Michael Robert | Sell | 21K | $75.00 |
| 2025-11-28 | Tressy Rachel | Option exercise | 455 | — |
| 2025-11-28 | Tressy Rachel | Tax withheld | 144 | $70.30 |
| 2025-11-14 | Biggar Lynne | Option exercise | 198 | $70.74 |
| 2025-11-06 | Oh Tony D | Sell | 717 | $71.92 |
| 2025-10-25 | Ogle Trevor | Option exercise | 2.7K | $73.69 |
| 2025-10-25 | Ogle Trevor | Tax withheld | 1.4K | $73.69 |
| 2025-10-25 | Lavallee Heather H. | Option exercise | 17K | $73.69 |
| 2025-10-25 | Lavallee Heather H. | Tax withheld | 8.0K | $73.69 |
| 2025-10-25 | Keshavan Santhosh | Option exercise | 2.9K | $73.69 |
| 2025-10-25 | Keshavan Santhosh | Tax withheld | 1.4K | $73.69 |
| 2025-10-25 | Katz Michael Robert | Option exercise | 2.9K | $73.69 |
| 2025-10-25 | Katz Michael Robert | Tax withheld | 1.3K | $73.69 |
| 2025-10-24 | Oh Tony D | Option exercise | 1.0K | $73.54 |
| 2025-10-24 | Oh Tony D | Tax withheld | 301 | $73.54 |
| 2025-08-18 | Thompson Brannigan C | Option exercise | 1.6K | — |
| 2025-08-18 | Thompson Brannigan C | Tax withheld | 739 | $73.91 |
| 2025-08-15 | Ogle Trevor | Sell | 14K | $75.00 |
| 2025-08-15 | Ogle Trevor | Option exercise | 12K | $37.60 |
| 2025-08-14 | Biggar Lynne | Option exercise | 196 | $74.96 |
| 2025-07-01 | Keshavan Santhosh | Tax withheld | 788 | $72.51 |
| 2025-07-01 | Katz Michael Robert | Option exercise | 1.7K | — |
| 2025-07-01 | Katz Michael Robert | Tax withheld | 765 | $72.51 |
| 2025-07-01 | Ogle Trevor | Option exercise | 1.6K | — |
| 2025-07-01 | Ogle Trevor | Tax withheld | 795 | $72.51 |
| 2025-07-01 | Lavallee Heather H. | Option exercise | 17K | — |
| 2025-07-01 | Lavallee Heather H. | Tax withheld | 8.0K | $72.51 |
| 2025-07-01 | Keshavan Santhosh | Option exercise | 1.7K | — |
| 2025-06-30 | Lavallee Heather H. | Tax withheld | 8.0K | $71.00 |
| 2025-06-30 | Lavallee Heather H. | Option exercise | 17K | — |
| 2025-05-27 | Butler Yvette S. | Sell | 1.7K | $66.18 |
| 2025-05-22 | Butler Yvette S. | Option exercise | 2.1K | $66.72 |
| 2025-05-22 | Chwick Jane | Option exercise | 2.1K | $66.72 |
| 2025-05-22 | Ersek Hikmet | Option exercise | 2.1K | $66.72 |
| 2025-05-14 | Biggar Lynne | Option exercise | 194 | $68.86 |
| 2025-02-21 | Ogle Trevor | Sell | 2.1K | $73.45 |
| 2025-02-20 | Ogle Trevor | Sell | 3.8K | $74.25 |
| 2025-02-20 | Oh Tony D | Sell | 1.7K | $73.20 |
| 2025-02-18 | Lavallee Heather H. | Tax withheld | 18K | $75.67 |
| 2025-02-18 | Keshavan Santhosh | Option exercise | 6.2K | — |
| 2025-02-18 | Keshavan Santhosh | Option exercise | 9.2K | — |
| 2025-02-18 | Keshavan Santhosh | Tax withheld | 7.3K | $75.67 |
| 2025-02-18 | Katz Michael Robert | Option exercise | 5.1K | — |
| 2025-02-18 | Katz Michael Robert | Option exercise | 6.8K | — |
| 2025-02-18 | Katz Michael Robert | Tax withheld | 5.5K | $75.67 |
| 2025-02-18 | O'Neill Francis G. | Option exercise | 2.3K | — |
| 2025-02-18 | Ogle Trevor | Option exercise | 4.0K | — |
| 2025-02-18 | Ogle Trevor | Option exercise | 8.3K | — |
| 2025-02-18 | Ogle Trevor | Tax withheld | 4.5K | $75.67 |
| 2025-02-18 | Tressy Rachel | Option exercise | 1.5K | — |
| 2025-02-18 | Tressy Rachel | Option exercise | 1.9K | — |
| 2025-02-18 | Tressy Rachel | Tax withheld | 1.7K | $75.67 |
| 2025-02-18 | Toms Matthew | Option exercise | 4.7K | — |
| 2025-02-18 | Toms Matthew | Option exercise | 8.6K | — |
| 2025-02-18 | Toms Matthew | Tax withheld | 6.1K | $75.67 |
| 2025-02-18 | To My Chi | Option exercise | 5.7K | — |
| 2025-02-18 | To My Chi | Tax withheld | 3.2K | $75.67 |
| 2025-02-18 | Thompson Brannigan C | Option exercise | 1.8K | — |
| 2025-02-18 | Thompson Brannigan C | Option exercise | 3.9K | — |
| 2025-02-18 | Thompson Brannigan C | Tax withheld | 2.6K | $75.67 |
| 2025-02-18 | Oh Tony D | Option exercise | 2.5K | — |
| 2025-02-18 | Oh Tony D | Tax withheld | 819 | $75.67 |
| 2025-02-18 | O'Neill Francis G. | Option exercise | 3.4K | — |
| 2025-02-18 | O'Neill Francis G. | Tax withheld | 2.6K | $75.67 |
| 2025-02-18 | Lavallee Heather H. | Option exercise | 8.3K | — |
| 2025-02-18 | Lavallee Heather H. | Option exercise | 30K | — |
| 2025-02-14 | Biggar Lynne | Option exercise | 192 | $81.35 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-21 | 2026-05-21 | 0001535929-26-000088 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001535929-26-000083 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001535929-26-000080 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001535929-26-000064 ↗ |
| 8-K | 2026-04-08 | 2026-04-08 | 0001535929-26-000058 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001193125-26-085482 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001535929-26-000043 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001535929-26-000009 ↗ |
| 8-K | 2026-01-23 | 2026-01-23 | 0001535929-26-000005 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0001535929-25-000132 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001535929-25-000115 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001535929-25-000112 ↗ |