Voya Financial, Inc. (NYSE:VOYA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in Voya Financial, Inc. (NYSE:VOYA) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,657 shares of the asset manager’s stock after selling 980 shares during the period. HighTower Advisors LLC’s holdings in Voya Financial were worth $368,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP increased its stake in shares of Voya Financial by 31.0% in the third quarter. Holocene Advisors LP now owns 97,254 shares of the asset manager’s stock valued at $7,704,000 after purchasing an additional 22,995 shares during the period. Basswood Capital Management L.L.C. bought a new position in Voya Financial in the 3rd quarter worth approximately $8,944,000. Paloma Partners Management Co acquired a new stake in Voya Financial in the 3rd quarter valued at approximately $785,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Voya Financial during the 3rd quarter valued at $887,000. Finally, Point72 Europe London LLP acquired a new position in Voya Financial during the 3rd quarter worth $3,360,000. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Performance

Shares of VOYA opened at $67.21 on Monday. The company has a 50-day moving average of $79.23 and a two-hundred day moving average of $74.77. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $2.07 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Voya Financial, Inc. will post 8.09 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.68%. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

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 on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VOYA shares. Piper Sandler lowered their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Royal Bank of Canada lowered their target price on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods cut their target price on Voya Financial from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.