Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lowered its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,369 shares of the asset manager’s stock after selling 772 shares during the period. Chartwell Investment Partners LLC’s holdings in Voya Financial were worth $584,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of Voya Financial during the third quarter worth about $29,000. UMB Bank n.a. boosted its position in shares of 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 period. Quarry LP purchased a new position in Voya Financial during the 2nd quarter worth approximately $61,000. Allspring Global Investments Holdings LLC grew its stake in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after buying an additional 822 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Down 1.5 %

Shares of VOYA stock opened at $82.11 on Thursday. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The business’s fifty day moving average price is $78.88 and its 200 day moving average price is $74.00. The firm has a market capitalization of $7.90 billion, a PE ratio of 13.07, a P/E/G ratio of 0.59 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $2.07 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Voya Financial, Inc. will post 8.21 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

Insider Activity at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VOYA shares. Bank of America raised their target price on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Piper Sandler upped their target price on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their target price on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.