State of Wisconsin Investment Board cut its position in Voya Financial Inc. (NYSE:VOYA) by 4.0% during the third quarter, Holdings Channel reports. The fund owned 130,920 shares of the company’s stock after selling 5,500 shares during the period. State of Wisconsin Investment Board’s holdings in Voya Financial were worth $3,773,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Voya Financial by 8.0% in the second quarter. Pacer Advisors Inc. now owns 4,127 shares of the company’s stock worth $102,000 after buying an additional 306 shares during the last quarter. MU Investments Co. Ltd. bought a new position in Voya Financial during the third quarter worth about $105,000. FNY Managed Accounts LLC increased its position in Voya Financial by 362.4% in the third quarter. FNY Managed Accounts LLC now owns 3,750 shares of the company’s stock worth $108,000 after buying an additional 2,939 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Voya Financial during the second quarter worth about $132,000. Finally, Zweig DiMenna Associates LLC bought a new position in Voya Financial during the second quarter worth about $208,000. 97.56% of the stock is owned by institutional investors.
Shares of Voya Financial Inc. (NYSE:VOYA) traded down 1.52% during midday trading on Monday, reaching $37.51. 1,455,916 shares of the company traded hands. The company’s market capitalization is $7.30 billion. The company has a 50 day moving average price of $32.80 and a 200 day moving average price of $29.49. Voya Financial Inc. has a 1-year low of $22.75 and a 1-year high of $41.12.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.29. Voya Financial had a negative net margin of 0.02% and a positive return on equity of 3.37%. The firm earned $160.40 million during the quarter, compared to analysts’ expectations of $306.80 million. During the same quarter in the prior year, the company earned $0.18 EPS. On average, analysts expect that Voya Financial Inc. will post $2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, November 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s payout ratio is presently -400.00%.
A number of research firms recently issued reports on VOYA. BTIG Research reissued a “buy” rating and issued a $50.00 price target on shares of Voya Financial in a research note on Wednesday, October 26th. Wells Fargo & Co. assumed coverage on shares of Voya Financial in a research note on Thursday, September 22nd. They set a “market perform” rating for the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $37.00 target price (down previously from $38.00) on shares of Voya Financial in a research note on Friday, November 4th. TheStreet raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 5th. Finally, Zacks Investment Research raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Voya Financial presently has an average rating of “Hold” and an average target price of $36.45.
In other news, insider Nancy Ferrara sold 1,395 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $35.67, for a total value of $49,759.65. Following the completion of the sale, the insider now owns 17,915 shares of the company’s stock, valued at approximately $639,028.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by insiders.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.