California Public Employees Retirement System Decreases Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

California Public Employees Retirement System lowered its position in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,807 shares of the asset manager’s stock after selling 15,213 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Voya Financial worth $14,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VOYA. American Century Companies Inc. raised its stake in shares of Voya Financial by 73.0% in the first quarter. American Century Companies Inc. now owns 32,836 shares of the asset manager’s stock valued at $2,179,000 after acquiring an additional 13,861 shares during the period. HighTower Advisors LLC raised its stake in shares of Voya Financial by 6.5% in the first quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock valued at $262,000 after acquiring an additional 243 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Voya Financial by 41.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,368 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 1,270 shares during the period. Natixis Advisors L.P. raised its stake in shares of Voya Financial by 18.9% in the first quarter. Natixis Advisors L.P. now owns 28,056 shares of the asset manager’s stock valued at $1,862,000 after acquiring an additional 4,469 shares during the period. Finally, D.A. Davidson & CO. bought a new position in shares of Voya Financial in the first quarter worth about $226,000.

Insider Activity at Voya Financial

In related news, Director Rodney O. Martin, Jr. sold 70,774 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $73.59, for a total value of $5,208,258.66. Following the completion of the transaction, the director now directly owns 228,208 shares of the company’s stock, valued at approximately $16,793,826.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Rodney O. Martin, Jr. sold 70,774 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $73.59, for a total value of $5,208,258.66. Following the completion of the transaction, the director now directly owns 228,208 shares of the company’s stock, valued at approximately $16,793,826.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Santhosh Keshavan sold 3,564 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $74.06, for a total transaction of $263,949.84. Following the completion of the transaction, the insider now directly owns 18,312 shares of the company’s stock, valued at $1,356,186.72. The disclosure for this sale can be found here. Insiders sold 114,062 shares of company stock valued at $8,461,042 in the last three months. 1.44% of the stock is owned by insiders.

Voya Financial Stock Down 1.7 %

NYSE:VOYA opened at $68.60 on Friday. Voya Financial, Inc. has a fifty-two week low of $56.20 and a fifty-two week high of $78.11. The stock has a market capitalization of $6.74 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50-day simple moving average is $71.41 and its 200-day simple moving average is $68.63.

Voya Financial (NYSE:VOYA – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Voya Financial had a net margin of 9.58% and a return on equity of 14.77%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $288.10 million. During the same quarter in the prior year, the business posted $1.47 earnings per share. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.11 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Friday, May 26th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 25th. Voya Financial’s payout ratio is currently 16.70%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VOYA. Truist Financial cut their price target on shares of Voya Financial from $80.00 to $75.00 in a report on Thursday, May 4th. JPMorgan Chase & Co. upped their price target on shares of Voya Financial from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Wells Fargo & Company cut their price target on shares of Voya Financial from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 5th. Royal Bank of Canada upped their price target on shares of Voya Financial from $79.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 13th. Finally, StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

About Voya Financial

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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.