New York State Teachers Retirement System Has $2.80 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

New York State Teachers Retirement System lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 2.5% during the third quarter, HoldingsChannel.com reports. The firm owned 35,297 shares of the asset manager’s stock after selling 915 shares during the quarter. New York State Teachers Retirement System’s holdings in Voya Financial were worth $2,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VOYA. Hohimer Wealth Management LLC lifted its position in Voya Financial by 1.7% during the first quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock worth $625,000 after purchasing an additional 140 shares during the period. Arjuna Capital raised its position in shares of Voya Financial by 0.8% in the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock valued at $1,401,000 after buying an additional 161 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after acquiring an additional 239 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock worth $905,000 after acquiring an additional 245 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Voya Financial by 5.3% in the first quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock valued at $398,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE VOYA opened at $81.25 on Friday. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.55 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $83.93. The stock has a fifty day simple moving average of $77.94 and a 200 day simple moving average of $73.58.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.50% and a net margin of 8.81%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect that Voya Financial, Inc. will post 8.28 EPS for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.22%. Voya Financial’s payout ratio is 28.66%.

Analyst Ratings Changes

Several equities research analysts have weighed in on VOYA shares. Morgan Stanley cut their target price on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Royal Bank of Canada lifted their target price on Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a report on Thursday, October 3rd. Piper Sandler raised their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.55.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

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.