Principal Financial Group Inc. Has $18.05 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Principal Financial Group Inc. lessened its holdings in Voya Financial, Inc. (NYSE:VOYA) by 32.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,819 shares of the asset manager’s stock after selling 107,610 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Voya Financial worth $18,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VOYA. M&G Plc boosted its stake in Voya Financial by 18.6% in the second quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after buying an additional 18,471 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Voya Financial in the 1st quarter valued at approximately $1,032,000. Dimensional Fund Advisors LP grew its holdings in shares of Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the last quarter. International Assets Investment Management LLC increased its position in Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock worth $1,657,000 after purchasing an additional 20,788 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Voya Financial by 77.8% in the 1st quarter. Janus Henderson Group PLC now owns 95,012 shares of the asset manager’s stock valued at $7,022,000 after purchasing an additional 41,578 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Citigroup boosted their price objective on Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Wells Fargo & Company lifted their price target on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Voya Financial Stock Down 0.9 %

Shares of NYSE VOYA opened at $81.35 on Friday. The company’s 50 day moving average price is $79.09 and its 200-day moving average price is $74.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30. The company has a market capitalization of $7.83 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. Voya Financial’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts forecast that Voya Financial, Inc. will post 8.21 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.21%. Voya Financial’s dividend payout ratio is currently 28.66%.

Insiders Place Their Bets

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

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.