Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC cut its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,785 shares of the asset manager's stock after selling 4,200 shares during the period. Chesley Taft & Associates LLC's holdings in Voya Financial were worth $1,408,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VOYA. Jones Financial Companies Lllp lifted its stake 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 acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the period. Quarry LP bought a new position in Voya Financial during the fourth quarter valued at $37,000. Venturi Wealth Management LLC raised its position 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 valued at $45,000 after purchasing an additional 201 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Voya Financial by 666.4% in the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after purchasing an additional 773 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the sale, the director now owns 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.99% of the company's stock.

Voya Financial Stock Performance

VOYA stock traded up $1.34 during trading on Monday, reaching $68.05. The company had a trading volume of 1,367,274 shares, compared to its average volume of 878,033. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.48 and a beta of 0.99. The firm has a 50-day simple moving average of $62.50 and a 200-day simple moving average of $68.26.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. Voya Financial's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.65%. Voya Financial's payout ratio is 33.96%.

Analyst Ratings Changes

Several research firms recently weighed in on VOYA. Wells Fargo & Company upped their price objective on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Bank of America reissued an "underperform" rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays set a $70.00 target price on shares of Voya Financial in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Morgan Stanley lifted their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $81.92.

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.