Voya Financial, Inc. (NYSE:VOYA) Stake Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 269,894 shares of the asset manager’s stock after selling 2,445 shares during the period. Retirement Systems of Alabama’s holdings in Voya Financial were worth $18,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group increased its position in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after buying an additional 169 shares during the period. US Bancorp DE grew its position in shares of Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after acquiring an additional 202 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Voya Financial by 6.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after acquiring an additional 210 shares during the period. UMB Bank n.a. lifted its position in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Voya Financial by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $70.82 on Friday. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week 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. The company’s 50-day moving average price is $71.00 and its two-hundred day moving average price is $74.08. The stock has a market cap of $6.81 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 7.11 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

VOYA has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Evercore ISI cut their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Barclays decreased their price target on Voya Financial from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $82.18.

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.