Corebridge Financial Inc. Sells 7,405 Shares of Voya Financial, Inc. (NYSE:VOYA)

Corebridge Financial Inc. trimmed its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,888 shares of the asset manager’s stock after selling 7,405 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Voya Financial worth $7,495,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Impax Asset Management Group plc boosted its stake in Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock worth $199,062,000 after acquiring an additional 2,131,578 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Voya Financial during the 4th quarter worth about $67,214,000. Bank of New York Mellon Corp grew its stake in shares of Voya Financial by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after buying an additional 876,399 shares during the period. Hennessy Advisors Inc. bought a new stake in Voya Financial in the 4th quarter valued at about $47,155,000. Finally, FMR LLC raised its stake in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after buying an additional 592,523 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 3.0 %

NYSE:VOYA opened at $67.32 on Friday. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30. The firm has a 50-day moving average price of $70.45 and a two-hundred day moving average price of $74.42. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

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

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

Several equities research analysts have recently commented on VOYA shares. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada decreased their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company raised their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Bank of America reissued an “underperform” rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday. Finally, Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.45.

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.