Nuveen Asset Management LLC Sells 73,375 Shares of Voya Financial, Inc. (NYSE:VOYA)

Nuveen Asset Management LLC lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 392,292 shares of the asset manager's stock after selling 73,375 shares during the period. Nuveen Asset Management LLC owned 0.41% of Voya Financial worth $27,001,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VOYA. Jones Financial Companies Lllp lifted its holdings 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 worth $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 327 shares during the period. Quarry LP acquired a new position in shares of Voya Financial during the fourth quarter worth $37,000. R Squared Ltd acquired a new position in shares of Voya Financial during the fourth quarter worth $41,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Analyst Ratings Changes

VOYA has been the subject of a number of analyst reports. Morgan Stanley lifted their target price 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. Royal Bank of Canada dropped their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company lifted their price target on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, UBS Group lowered their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Voya Financial has an average rating of "Hold" and a consensus target price of $81.92.

Insider Buying and Selling

In related news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director now directly owns 355 shares of the company's stock, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by insiders.

Voya Financial Stock Down 0.6%

NYSE:VOYA traded down $0.40 on Wednesday, hitting $66.82. The stock had a trading volume of 32,640 shares, compared to its average volume of 874,310. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The firm's fifty day simple moving average is $62.88 and its two-hundred day simple moving average is $69.19. The stock has a market cap of $6.43 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

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

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is currently 33.96%.

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.