Voya Financial (NYSE:VOYA) Stock Price Down 4.5% – Time to Sell?

Voya Financial, Inc. (NYSE:VOYA)’s stock price traded down 4.5% on Tuesday . The stock traded as low as $75.30 and last traded at $75.48. 936,839 shares were traded during mid-day trading, an increase of 15% from the average session volume of 813,084 shares. The stock had previously closed at $79.00.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their target price on shares of Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Wells Fargo & Company raised their price target on shares of Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $85.55.

Voya Financial Trading Down 2.0 %

The company has a market cap of $7.99 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $77.71 and a 200-day simple moving average of $73.53.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.50% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $2.07 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Voya Financial, Inc. will post 8.28 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Voya Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Voya Financial by 6.2% during the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after purchasing an additional 644,216 shares in the last quarter. Boston Partners grew its stake in shares of Voya Financial by 83.8% during the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after purchasing an additional 1,151,822 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after purchasing an additional 2,156,773 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Voya Financial by 29.6% during the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after purchasing an additional 148,810 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

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.