Cornercap Investment Counsel Inc. Has $557,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Cornercap Investment Counsel Inc. decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 56.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,029 shares of the asset manager's stock after selling 9,102 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Voya Financial were worth $557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at about $29,000. UMB Bank n.a. lifted its position in Voya Financial by 118.9% during the third 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 in the last quarter. Blue Trust Inc. grew its stake in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after buying an additional 801 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Voya Financial by 6,850.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock worth $62,000 after acquiring an additional 822 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Voya Financial in the 2nd quarter valued at $61,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Insider Buying and Selling

In related news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction that occurred 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 this hyperlink. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their price target on shares of Voya Financial from $86.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Piper Sandler increased their target price on Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. UBS Group raised Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Evercore ISI increased their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Finally, Barclays boosted their target price on shares of Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.00.

Voya Financial Stock Up 0.1 %

VOYA stock traded up $0.08 during mid-day trading on Friday, hitting $81.43. 719,942 shares of the company were exchanged, compared to its average volume of 901,862. 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 twelve month low of $63.11 and a twelve month high of $84.30. The firm has a fifty day simple moving average of $79.32 and a 200 day simple moving average of $74.20. The company has a market capitalization of $7.84 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 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 during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $2.07 EPS. The company's quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that Voya Financial, Inc. will post 8.2 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. Voya Financial's dividend payout ratio (DPR) is presently 28.66%.

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.