Royal London Asset Management Ltd. Cuts Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Royal London Asset Management Ltd. lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYAFree Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,669 shares of the asset manager’s stock after selling 3,028 shares during the period. Royal London Asset Management Ltd.’s holdings in Voya Financial were worth $3,697,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VOYA. J.P. Morgan Private Wealth Advisors LLC raised its stake in Voya Financial by 1.7% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,529 shares of the asset manager’s stock worth $899,000 after purchasing an additional 230 shares during the period. Swiss National Bank raised its stake in Voya Financial by 1.1% during the third quarter. Swiss National Bank now owns 216,100 shares of the asset manager’s stock worth $14,360,000 after purchasing an additional 2,300 shares during the period. Janney Montgomery Scott LLC raised its stake in Voya Financial by 4.0% during the third quarter. Janney Montgomery Scott LLC now owns 43,657 shares of the asset manager’s stock worth $2,901,000 after purchasing an additional 1,672 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Voya Financial by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 663,013 shares of the asset manager’s stock worth $44,057,000 after purchasing an additional 50,015 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Voya Financial by 20.3% in the third quarter. HighTower Advisors LLC now owns 3,978 shares of the asset manager’s stock worth $266,000 after acquiring an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA stock opened at $74.26 on Monday. The firm has a market cap of $7.48 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.52 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $77.00. The firm has a fifty day moving average of $71.93 and a two-hundred day moving average of $71.45.

Voya Financial (NYSE:VOYAGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.30. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.69 EPS. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.53 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, May 24th. Voya Financial’s dividend payout ratio is currently 22.73%.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VOYA shares. Evercore ISI increased their price objective on shares of Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler increased their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, Morgan Stanley lowered their price target on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus target price of $83.44.

Get Our Latest Stock Analysis on Voya Financial

About Voya Financial

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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