Voya Financial, Inc. (NYSE:VOYA) Shares Sold by MML Investors Services LLC

MML Investors Services LLC decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 34.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,148 shares of the asset manager’s stock after selling 2,723 shares during the period. MML Investors Services LLC’s holdings in Voya Financial were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Voya Financial during the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its stake 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 purchasing an additional 239 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the second quarter worth $61,000. Blue Trust Inc. grew its position in shares of Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Voya Financial in the third quarter valued at $79,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Voya Financial Price Performance

Shares of VOYA stock opened at $67.73 on Tuesday. The firm has a fifty day simple moving average of $78.96 and a 200-day simple moving average of $74.72. The company has a market capitalization of $6.52 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.54 and a beta of 1.02. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $2.07 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Voya Financial, Inc. will post 8.09 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.66%. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Wall Street Analysts Forecast Growth

VOYA has been the subject of several recent analyst reports. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Royal Bank of Canada lowered their price objective on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Piper Sandler cut their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Bank of America restated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

About Voya Financial

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.