Retirement Systems of Alabama Cuts Position in Voya Financial, Inc. (NYSE:VOYA)

Retirement Systems of Alabama reduced its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,894 shares of the asset manager’s stock after selling 2,445 shares during the quarter. Retirement Systems of Alabama owned 0.28% of Voya Financial worth $18,577,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VOYA. Brooklyn Investment Group lifted its holdings in shares of Voya Financial by 17.0% during the 4th 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 in the last quarter. US Bancorp DE raised its position in Voya Financial by 5.8% in the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 202 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after purchasing an additional 210 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Voya Financial by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA stock opened at $70.82 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30. The company’s 50-day simple moving average is $71.00 and its 200-day simple moving average is $74.08.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Equities analysts anticipate that Voya Financial, Inc. will post 7.11 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.54%. Voya Financial’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VOYA. Wells Fargo & Company reissued an “equal weight” rating and set a $76.00 price target (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their target price on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Sandler lowered their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada dropped their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Evercore ISI decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.18.

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.