Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Burney Co.

Burney Co. lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,360 shares of the asset manager’s stock after selling 320 shares during the quarter. Burney Co.’s holdings in Voya Financial were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. FMR LLC grew its position in shares of Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after acquiring an additional 592,523 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after acquiring an additional 248,795 shares during the last quarter. Leeward Investments LLC MA purchased a new position in shares of Voya Financial during the third quarter worth approximately $19,269,000. Renaissance Technologies LLC purchased a new position in shares of Voya Financial during the second quarter worth approximately $13,013,000. Finally, AQR Capital Management LLC grew its position in shares of Voya Financial by 29.6% during the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after acquiring an additional 148,810 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VOYA. Bank of America restated a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Evercore ISI lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Barclays lowered their price objective on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Piper Sandler lowered their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.73.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Voya Financial Trading Down 0.1 %

Shares of VOYA stock opened at $69.75 on Friday. The firm has a 50-day moving average price of $74.21 and a 200 day moving average price of $74.21. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.44 and a beta of 1.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last announced its earnings results 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $2.07 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts forecast that Voya Financial, Inc. will post 7.62 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

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.