Voya Financial (NYSE:VOYA) Stock Price Down 4.5% – Time to Sell?

Voya Financial, Inc. (NYSE:VOYA) fell 4.5% during mid-day trading on Tuesday . The company traded as low as $75.30 and last traded at $75.48. 936,839 shares changed hands during trading, an increase of 15% from the average session volume of 813,084 shares. The stock had previously closed at $79.00.

Analyst Ratings Changes

VOYA has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Citigroup raised their price target on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Bank of America raised their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Evercore ISI raised their price target on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target for the company. in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $85.55.

Voya Financial Price Performance

The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $77.71 and its two-hundred day moving average price is $73.53.

Voya Financial (NYSE:VOYA) last released 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. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.50%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $2.07 earnings per share. Equities research analysts forecast that Voya Financial, Inc. will post 8.28 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors 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 annualized dividend and a yield of 2.22%. Voya Financial’s dividend payout ratio is presently 28.66%.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.37% of the stock is owned by company insiders.

Institutional Trading of Voya Financial

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after purchasing an additional 644,216 shares during the period. Boston Partners lifted its stake in shares of Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after buying an additional 1,151,822 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Voya Financial by 1,020.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after buying an additional 2,156,773 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after buying an additional 248,795 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after buying an additional 148,810 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Company 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.