Man Group plc Sells 105,563 Shares of Voya Financial, Inc. (NYSE:VOYA)

Man Group plc cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,827 shares of the asset manager's stock after selling 105,563 shares during the period. Man Group plc's holdings in Voya Financial were worth $745,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. increased its position 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 acquiring an additional 327 shares in the last quarter. Quarry LP acquired a new position in Voya Financial during the 4th quarter valued at about $37,000. R Squared Ltd purchased a new position in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Insider Activity at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Voya Financial Trading Down 0.1%

Shares of Voya Financial stock traded down $0.06 during trading on Friday, reaching $66.43. 52,312 shares of the stock were exchanged, compared to its average volume of 871,830. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The stock's fifty day moving average is $62.79 and its 200 day moving average is $69.05.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating 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 the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company 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 2.71%. Voya Financial's dividend payout ratio (DPR) is 33.96%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VOYA. Wells Fargo & Company upped their price objective on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Bank of America reiterated an "underperform" rating and issued a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Morgan Stanley lifted their target price on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Barclays set a $70.00 price target on Voya Financial in a research note on Wednesday, May 7th. 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, the company has an average rating of "Hold" and an average target price of $81.92.

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.