Pacer Advisors Inc. Lowers Stake in Voya Financial, Inc. (NYSE:VOYA)

Pacer Advisors Inc. cut its position in Voya Financial, Inc. (NYSE:VOYA) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,348 shares of the asset manager’s stock after selling 6,060 shares during the period. Pacer Advisors Inc.’s holdings in Voya Financial were worth $988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Voya Financial in the 3rd quarter valued at $29,000. UMB Bank n.a. increased its holdings in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares in the last quarter. Brooklyn Investment Group bought a new position in Voya Financial during the third quarter valued at approximately $79,000. Finally, LRI Investments LLC grew its holdings in Voya Financial by 780.5% during the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock valued at $85,000 after buying an additional 921 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Insider Activity at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of research reports. Piper Sandler lowered their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Evercore ISI lowered their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Barclays decreased their target price 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. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.27.

Voya Financial Stock Performance

VOYA stock opened at $68.89 on Tuesday. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $71.74 and its two-hundred day simple moving average is $74.13.

Voya Financial (NYSE:VOYA) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $2.07 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that Voya Financial, Inc. will post 7.11 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. Voya Financial’s dividend payout ratio is currently 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.