Nisa Investment Advisors LLC Has $46,000 Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Nisa Investment Advisors LLC reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 76.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680 shares of the asset manager’s stock after selling 2,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Voya Financial were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VOYA. Kelly Financial Group LLC acquired a new position in Voya Financial in the 1st quarter valued at $270,680,000. Norges Bank bought a new position in Voya Financial in the fourth quarter valued at about $96,508,000. First Trust Advisors LP raised its position in Voya Financial by 52.9% in the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager’s stock valued at $98,950,000 after purchasing an additional 497,348 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Voya Financial by 278.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager’s stock valued at $31,717,000 after buying an additional 339,139 shares during the period. Finally, FMR LLC increased its stake in shares of Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock valued at $219,274,000 after buying an additional 301,682 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $72.45 on Friday. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $69.07 and a 200 day moving average of $67.44.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.48%. Voya Financial’s dividend payout ratio (DPR) is presently 33.96%.

Insider Buying and Selling at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the sale, the director owned 355 shares in the company, valued at $23,493.90. This trade represents a 82.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VOYA has been the topic of a number of recent research reports. Barclays raised their target price on Voya Financial from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Morgan Stanley set a $89.00 target price on Voya Financial and gave the stock an “overweight” rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on Voya Financial from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Finally, UBS Group cut their target price on Voya Financial from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.18.

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.