Voya Financial, Inc. (NYSE:VOYA) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,371 shares of the asset manager’s stock after selling 5,044 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Voya Financial worth $6,525,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VOYA. V Square Quantitative Management LLC acquired a new stake in Voya Financial during the third quarter worth about $29,000. UMB Bank n.a. grew its holdings in shares of Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Blue Trust Inc. raised its position in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the period. Quarry LP bought a new stake in shares of Voya Financial in the 2nd quarter worth approximately $61,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Voya Financial during the 3rd quarter valued at approximately $87,000. Institutional investors own 96.10% of the company’s stock.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Voya Financial Trading Up 0.2 %

Shares of Voya Financial stock opened at $82.02 on Friday. The business has a fifty day simple moving average of $81.00 and a 200-day simple moving average of $75.04. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $2.07 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.19%. Voya Financial’s dividend payout ratio is currently 28.66%.

Analysts Set New Price Targets

Several brokerages have weighed in on VOYA. Piper Sandler increased their target price on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their target price on shares of Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Bank of America raised their price target on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.