Voya Financial, Inc. $VOYA Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 10.2% in the third quarter, Holdings Channel.com reports. The fund owned 384,412 shares of the asset manager’s stock after selling 43,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Voya Financial were worth $36,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VOYA. Danske Bank A S bought a new stake in shares of Voya Financial during the 2nd quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Voya Financial during the second quarter worth $48,000. Root Financial Partners LLC raised its position in shares of Voya Financial by 59.6% during the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after purchasing an additional 214 shares during the period. Versant Capital Management Inc raised its position in shares of Voya Financial by 29.6% during the third quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock worth $66,000 after purchasing an additional 159 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Voya Financial during the second quarter valued at $84,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insider Buying and Selling at Voya Financial

In related news, insider Trevor Ogle sold 2,093 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $95.81, for a total transaction of $200,530.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on Voya Financial from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Atlantic Securities set a $79.00 price objective on Voya Financial in a report on Wednesday, July 15th. Evercore restated an “outperform” rating and set a $111.00 price objective on shares of Voya Financial in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $109.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average target price of $103.69.

Voya Financial Trading Down 0.2%

Voya Financial stock opened at $98.18 on Friday. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $105.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.00 and a beta of 0.90. The company has a 50 day moving average price of $98.52 and a 200 day moving average price of $86.20.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. Voya Financial’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.66 earnings per share. Research analysts forecast that Voya Financial, Inc. will post 9.17 EPS for the current year.

Voya Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, November 24th will be issued a dividend of $0.57 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.47. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, November 24th. Voya Financial’s dividend payout ratio is presently 31.70%.

About Voya Financial

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.