United Services Automobile Association Lowers Holdings in Voya Financial, Inc. (NYSE:VOYA)

United Services Automobile Association trimmed its holdings in Voya Financial, Inc. (NYSE:VOYAGet Rating) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,814 shares of the asset manager’s stock after selling 739 shares during the period. United Services Automobile Association’s holdings in Voya Financial were worth $655,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Industrial Alliance Investment Management Inc. lifted its position in shares of Voya Financial by 22.1% in the first quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 170 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Voya Financial by 0.9% in the second quarter. Kennedy Capital Management Inc. now owns 20,880 shares of the asset manager’s stock worth $1,243,000 after buying an additional 192 shares in the last quarter. Truist Financial Corp lifted its position in shares of Voya Financial by 0.3% in the third quarter. Truist Financial Corp now owns 78,553 shares of the asset manager’s stock worth $4,753,000 after buying an additional 214 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of Voya Financial by 0.6% in the third quarter. Brinker Capital Investments LLC now owns 39,370 shares of the asset manager’s stock worth $2,382,000 after buying an additional 226 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Voya Financial by 0.7% in the third quarter. Eagle Asset Management Inc. now owns 32,944 shares of the asset manager’s stock worth $1,993,000 after buying an additional 233 shares in the last quarter.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Voya Financial from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Citigroup decreased their target price on Voya Financial from $83.00 to $82.00 in a research report on Wednesday, November 16th. Truist Financial boosted their target price on Voya Financial from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. Royal Bank of Canada boosted their price objective on Voya Financial from $79.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 13th. Finally, Jefferies Financial Group boosted their price objective on Voya Financial from $74.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.17.

Voya Financial Trading Up 3.2 %

VOYA opened at $67.96 on Wednesday. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 0.60 and a beta of 1.16. The stock’s 50 day moving average price is $70.95 and its 200-day moving average price is $66.05. Voya Financial, Inc. has a one year low of $56.20 and a one year high of $78.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYAGet Rating) last announced its quarterly earnings data on Tuesday, February 7th. The asset manager reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.65. Voya Financial had a return on equity of 13.09% and a net margin of 9.37%. The company had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $259.86 million. During the same quarter in the prior year, the firm earned $1.90 earnings per share. On average, equities analysts forecast that Voya Financial, Inc. will post 8.13 EPS for the current year.

Voya Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Friday, February 24th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.80 annualized dividend and a yield of 1.18%. This is a boost from Voya Financial’s previous quarterly dividend of $0.04. Voya Financial’s dividend payout ratio is 18.18%.

Insider Buying and Selling

In related news, CEO Rodney O. Martin, Jr. sold 109,588 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $74.23, for a total value of $8,134,717.24. Following the transaction, the chief executive officer now owns 220,882 shares of the company’s stock, valued at $16,396,070.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Rodney O. Martin, Jr. sold 70,774 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the completion of the sale, the director now owns 228,208 shares in the company, valued at approximately $16,793,826.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rodney O. Martin, Jr. sold 109,588 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $74.23, for a total value of $8,134,717.24. Following the sale, the chief executive officer now owns 220,882 shares of the company’s stock, valued at approximately $16,396,070.86. The disclosure for this sale can be found here. Insiders have sold a total of 223,650 shares of company stock valued at $16,595,760 over the last quarter. 1.44% of the stock is owned by corporate insiders.

About Voya Financial

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Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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