Legal & General Group Plc Sells 13,596 Shares of Voya Financial, Inc. (NYSE:VOYA)

Legal & General Group Plc decreased its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,274 shares of the asset manager's stock after selling 13,596 shares during the quarter. Legal & General Group Plc owned approximately 0.22% of Voya Financial worth $14,680,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VOYA. Public Employees Retirement System of Ohio lifted its holdings in shares of Voya Financial by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 39,625 shares of the asset manager's stock worth $3,139,000 after buying an additional 990 shares during the last quarter. Barclays PLC grew its position in Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of Voya Financial by 8.1% during the third quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager's stock valued at $285,000 after buying an additional 270 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Voya Financial in the third quarter valued at about $209,000. Finally, Retirement Systems of Alabama grew its position in Voya Financial by 8.2% during the third quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock worth $21,575,000 after buying an additional 20,750 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Price Performance

Shares of NYSE:VOYA traded down $1.10 during trading on Monday, reaching $55.66. The stock had a trading volume of 16,999 shares, compared to its average volume of 855,465. The stock has a market capitalization of $5.36 billion, a PE ratio of 9.08, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The business's 50-day moving average price is $66.49 and its 200 day moving average price is $72.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were paid 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 3.23%. Voya Financial's dividend payout ratio (DPR) is currently 29.41%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VOYA. Barclays reduced their price objective on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada decreased their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Bank of America reiterated 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, March 28th. Finally, UBS Group dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Voya Financial has an average rating of "Hold" and an average price target of $80.92.

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.