Securian Asset Management Inc. Cuts Position in Voya Financial, Inc. (NYSE:VOYA)

Securian Asset Management Inc. decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,273 shares of the asset manager’s stock after selling 372 shares during the period. Securian Asset Management Inc.’s holdings in Voya Financial were worth $501,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC raised its holdings in shares of Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group grew its position in Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 169 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after acquiring an additional 177 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Voya Financial by 13.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Wells Fargo & Company raised their target price on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Evercore ISI decreased their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Trading Up 1.0 %

VOYA stock opened at $67.47 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The business has a 50 day simple moving average of $70.42 and a two-hundred day simple moving average of $74.60. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.67%. Voya Financial’s dividend payout ratio is currently 29.41%.

Voya Financial Profile

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.