Mutual of America Capital Management LLC Sells 17,039 Shares of Voya Financial, Inc. (NYSE:VOYA)

Mutual of America Capital Management LLC cut its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 24.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,139 shares of the asset manager’s stock after selling 17,039 shares during the period. Mutual of America Capital Management LLC’s holdings in Voya Financial were worth $4,210,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Arjuna Capital boosted its stake in shares of Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after purchasing an additional 161 shares during the period. US Bancorp DE boosted its position in Voya Financial by 5.8% in the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after buying an additional 202 shares during the period. First Trust Direct Indexing L.P. boosted its position in Voya Financial by 6.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock valued at $261,000 after buying an additional 210 shares during the period. UMB Bank n.a. boosted its position in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after buying an additional 239 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Voya Financial by 2.2% in the 3rd 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 during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VOYA has been the subject of several recent research reports. Barclays boosted their price target on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Piper Sandler boosted their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley reduced their price target on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, Evercore ISI boosted their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Six equities research 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, Voya Financial has an average rating of “Moderate Buy” and an average target price of $86.00.

Voya Financial Trading Up 0.9 %

Shares of Voya Financial stock opened at $80.68 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.57 and a beta of 1.03. The firm’s 50 day simple moving average is $79.82 and its two-hundred day simple moving average is $74.39.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 EPS. Analysts predict that Voya Financial, Inc. will post 8.2 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.66%.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the company’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 filing with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

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.