Renaissance Technologies LLC Cuts Holdings in Voya Financial, Inc. (NYSE:VOYA)

Renaissance Technologies LLC lessened its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 56.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,400 shares of the asset manager's stock after selling 130,000 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Voya Financial worth $6,773,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Voya Financial in the fourth quarter worth $41,000. Venturi Wealth Management LLC raised its stake in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group lifted its position in Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after purchasing an additional 169 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $76.00 to $87.00 in a report on Friday, February 28th. JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group cut their price objective on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $80.92.

Voya Financial Price Performance

VOYA traded down $1.75 on Monday, hitting $55.01. 443,627 shares of the company's stock were exchanged, compared to its average volume of 857,138. 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 firm has a 50-day moving average price of $66.13 and a 200-day moving average price of $72.11. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results 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 return on equity of 14.10% and a net margin of 8.29%. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's payout ratio is 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.