Maryland State Retirement & Pension System lessened its stake in Voya Financial, Inc. (NYSE:VOYA) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,587 shares of the asset manager’s stock after selling 883 shares during the period. Maryland State Retirement & Pension System’s holdings in Voya Financial were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. Janney Montgomery Scott LLC raised its holdings in shares of Voya Financial by 22.0% in the third quarter. Janney Montgomery Scott LLC now owns 47,298 shares of the asset manager’s stock valued at $2,904,000 after buying an additional 8,523 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Voya Financial in the third quarter valued at about $166,000. Signaturefd LLC raised its holdings in shares of Voya Financial by 3.1% in the third quarter. Signaturefd LLC now owns 4,971 shares of the asset manager’s stock valued at $305,000 after buying an additional 149 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Voya Financial by 2.1% in the third quarter. Grove Bank & Trust now owns 10,342 shares of the asset manager’s stock valued at $635,000 after buying an additional 217 shares during the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of Voya Financial by 6.8% in the third quarter. WINTON GROUP Ltd now owns 45,879 shares of the asset manager’s stock valued at $2,817,000 after buying an additional 2,926 shares during the last quarter.
Separately, The Goldman Sachs Group started coverage on shares of Voya Financial in a report on Thursday, December 2nd. They set a “neutral” rating and a $75.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.09.
NYSE:VOYA opened at $67.57 on Friday. The firm’s 50 day moving average is $65.98 and its two-hundred day moving average is $64.41. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. Voya Financial, Inc. has a fifty-two week low of $54.46 and a fifty-two week high of $70.98. The company has a market cap of $7.50 billion, a P/E ratio of 4.35 and a beta of 1.45.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, November 2nd. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $1.00. The business had revenue of $453.00 million during the quarter, compared to analyst estimates of $285.00 million. During the same quarter in the prior year, the company posted $1.19 EPS. Research analysts forecast that Voya Financial, Inc. will post 7.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 29th. Investors of record on Monday, November 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Voya Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, November 26th. Voya Financial’s dividend payout ratio (DPR) is currently 5.15%.
In related news, insider Clyde Landon Jr. Cobb sold 2,994 shares of the firm’s stock in a transaction on Thursday, December 2nd. The shares were sold at an average price of $63.61, for a total value of $190,448.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rodney O. Martin, Jr. sold 19,364 shares of Voya Financial stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $70.00, for a total transaction of $1,355,480.00. The disclosure for this sale can be found here. Insiders sold a total of 36,678 shares of company stock worth $2,548,328 over the last quarter. 1.47% of the stock is currently owned by corporate insiders.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.
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