Renaissance Technologies LLC Reduces Holdings in Voya Financial, Inc. (NYSE:VOYA)

Renaissance Technologies LLC cut its position in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 20.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,300 shares of the asset manager’s stock after selling 33,800 shares during the quarter. Renaissance Technologies LLC owned 0.14% of Voya Financial worth $8,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in shares of Voya Financial by 284.0% during the third quarter. Parkside Financial Bank & Trust now owns 457 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Voya Financial in the 1st quarter valued at approximately $36,000. Guardian Wealth Advisors LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at approximately $36,000. SeaCrest Wealth Management LLC purchased a new position in shares of Voya Financial during the 2nd quarter valued at approximately $36,000. Finally, Ellevest Inc. grew its position in shares of Voya Financial by 56.5% during the third quarter. Ellevest Inc. now owns 753 shares of the asset manager’s stock worth $46,000 after buying an additional 272 shares in the last quarter.

Voya Financial Stock Down 1.4 %

Voya Financial stock opened at $73.91 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial, Inc. has a one year low of $56.20 and a one year high of $78.11. The company has a 50-day simple moving average of $70.12 and a 200-day simple moving average of $65.80. The firm has a market capitalization of $7.19 billion, a P/E ratio of 16.80, a P/E/G ratio of 0.65 and a beta of 1.16.

Voya Financial (NYSE:VOYA – Get Rating) last posted its earnings results on Tuesday, February 7th. The asset manager reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.65. Voya Financial had a net margin of 9.37% and a return on equity of 13.09%. The firm had revenue of $880.00 million during the quarter, compared to analyst estimates of $259.86 million. During the same period in the previous year, the business posted $1.90 EPS. As a group, equities analysts expect that Voya Financial, Inc. will post 8.13 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Friday, February 24th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, February 23rd. Voya Financial’s dividend payout ratio is 18.18%.

Insider Buying and Selling at Voya Financial

In other news, CEO Rodney O. Martin, Jr. sold 109,588 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $74.23, for a total value of $8,134,717.24. Following the completion of the transaction, the chief executive officer now owns 220,882 shares of the company’s stock, valued at $16,396,070.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Rodney O. Martin, Jr. sold 70,774 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the sale, the director now owns 228,208 shares of the company’s stock, valued at $16,793,826.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rodney O. Martin, Jr. sold 109,588 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $74.23, for a total value of $8,134,717.24. Following the completion of the sale, the chief executive officer now directly owns 220,882 shares in the company, valued at approximately $16,396,070.86. The disclosure for this sale can be found here. Insiders have sold 223,650 shares of company stock valued at $16,595,760 in the last quarter. Corporate insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Voya Financial from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, February 9th. StockNews.com upgraded Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. Jefferies Financial Group upped their price objective on Voya Financial from $74.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, February 21st. Wells Fargo & Company lifted their target price on Voya Financial from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, February 13th. Finally, Citigroup dropped their price target on Voya Financial from $83.00 to $82.00 in a research report on Wednesday, November 16th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.17.

Voya Financial Company Profile

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Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.