Voya Financial Inc. (NYSE:VOYA) announced a quarterly dividend on Friday, October 28th. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.01 per share on Thursday, December 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Monday, November 28th.
Shares of Voya Financial (NYSE:VOYA) opened at 38.10 on Friday. The stock’s market cap is $7.42 billion. Voya Financial has a 52-week low of $22.75 and a 52-week high of $41.12. The firm’s 50-day moving average price is $32.80 and its 200-day moving average price is $29.49.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, November 2nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.29. The business earned $160.40 million during the quarter, compared to analyst estimates of $306.80 million. Voya Financial had a negative net margin of 0.02% and a positive return on equity of 3.37%. During the same period in the previous year, the business earned $0.18 EPS. Equities analysts predict that Voya Financial will post $2.54 EPS for the current year.
A number of equities research analysts have weighed in on VOYA shares. Zacks Investment Research upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Wells Fargo & Co. began coverage on Voya Financial in a research note on Thursday, September 22nd. They issued a “market perform” rating for the company. TheStreet upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 5th. Credit Suisse Group AG began coverage on Voya Financial in a research note on Friday, October 7th. They issued an “outperform” rating and a $39.00 price objective for the company. Finally, BTIG Research restated a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a research note on Wednesday, October 26th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $36.45.
In other Voya Financial news, insider Nancy Ferrara sold 1,395 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $35.67, for a total transaction of $49,759.65. Following the completion of the transaction, the insider now owns 17,915 shares of the company’s stock, valued at approximately $639,028.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in Voya Financial by 3,225.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,727,926 shares of the company’s stock valued at $78,619,000 after buying an additional 2,645,884 shares during the period. Franklin Resources Inc. increased its position in Voya Financial by 27.4% in the second quarter. Franklin Resources Inc. now owns 12,182,733 shares of the company’s stock valued at $301,651,000 after buying an additional 2,618,169 shares during the period. Highbridge Capital Management LLC bought a new position in Voya Financial during the second quarter valued at approximately $15,029,000. Carlson Capital L P bought a new position in Voya Financial during the second quarter valued at approximately $12,917,000. Finally, Keeley Asset Management Corp bought a new position in Voya Financial during the second quarter valued at approximately $10,270,000. 99.64% of the stock is owned by institutional investors and hedge funds.
About Voya Financial