Corebridge Financial Inc. Cuts Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Corebridge Financial Inc. cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,888 shares of the asset manager's stock after selling 7,405 shares during the period. Corebridge Financial Inc. owned 0.11% of Voya Financial worth $7,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after buying an additional 327 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Voya Financial during the 4th quarter valued at $41,000. Venturi Wealth Management LLC lifted its holdings in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Voya Financial in the third quarter worth $79,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on VOYA shares. Royal Bank of Canada dropped their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Evercore ISI dropped their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price target 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, February 5th. Bank of America restated an "underperform" rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a report on Friday. Finally, Barclays lowered shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.45.

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Voya Financial Trading Up 0.1 %

Shares of VOYA stock traded up $0.08 during mid-day trading on Tuesday, reaching $67.84. The stock had a trading volume of 355,485 shares, compared to its average volume of 939,751. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock's 50-day moving average price is $70.42 and its two-hundred day moving average price is $74.39. The firm has a market capitalization of $6.48 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released 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 net margin of 8.29% and a return on equity of 14.10%. Equities analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.65%. Voya Financial's dividend payout ratio is presently 29.41%.

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.