Voya Financial, Inc. (NYSE:VOYA) Shares Sold by MML Investors Services LLC

MML Investors Services LLC reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 34.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,148 shares of the asset manager’s stock after selling 2,723 shares during the period. MML Investors Services LLC’s holdings in Voya Financial were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. FMR LLC boosted its stake in shares of Voya Financial by 25.9% during the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock valued at $212,152,000 after buying an additional 38,438 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after acquiring an additional 248,795 shares during the period. AQR Capital Management LLC raised its position in 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 period. Finally, Thrivent Financial for Lutherans raised its position in shares of Voya Financial by 7.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager’s stock worth $40,011,000 after purchasing an additional 37,760 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VOYA. Wells Fargo & Company decreased their target price on Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Evercore ISI decreased their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their target price on shares of Voya Financial from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research note on Thursday, October 3rd. Finally, Raymond James cut shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.08.

Insider Transactions at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company’s stock.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $67.73 on Tuesday. The business has a 50-day simple moving average of $78.96 and a 200-day simple moving average of $74.72. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30. The company has a market cap of $6.52 billion, a PE ratio of 10.79, a P/E/G ratio of 0.54 and a beta of 1.02.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping 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 analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.09 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Voya Financial Company 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.