Voya Financial, Inc. (NYSE:VOYA) – Research analysts at Piper Sandler raised their Q1 2021 earnings estimates for Voya Financial in a report released on Thursday, April 8th. Piper Sandler analyst J. Barnidge now anticipates that the asset manager will post earnings of $1.06 per share for the quarter, up from their previous forecast of $1.01. Piper Sandler also issued estimates for Voya Financial’s Q4 2021 earnings at $1.60 EPS, Q1 2022 earnings at $1.41 EPS, Q3 2022 earnings at $1.82 EPS and Q4 2022 earnings at $1.60 EPS.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, February 8th. The asset manager reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.47. The firm had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $250.00 million. Voya Financial had a negative net margin of 17.43% and a positive return on equity of 6.24%.
Shares of NYSE VOYA opened at $66.77 on Monday. Voya Financial has a 12-month low of $37.92 and a 12-month high of $67.07. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of -7.14 and a beta of 1.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $63.48 and a 200 day moving average of $57.28.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 29th. Stockholders of record on Friday, February 26th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. This is a boost from Voya Financial’s previous quarterly dividend of $0.15. Voya Financial’s dividend payout ratio (DPR) is presently 15.64%.
In other Voya Financial news, CEO Robert L. Grubka sold 6,251 shares of Voya Financial stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $64.11, for a total value of $400,751.61. Following the sale, the chief executive officer now directly owns 44,939 shares in the company, valued at approximately $2,881,039.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.04% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Voya Financial by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 6,439,817 shares of the asset manager’s stock worth $378,725,000 after acquiring an additional 190,925 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Voya Financial by 40.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,891,020 shares of the asset manager’s stock worth $228,831,000 after purchasing an additional 1,118,534 shares during the last quarter. FIL Ltd raised its stake in Voya Financial by 11.5% during the fourth quarter. FIL Ltd now owns 2,768,629 shares of the asset manager’s stock valued at $162,823,000 after purchasing an additional 285,171 shares in the last quarter. Alliancebernstein L.P. lifted its position in Voya Financial by 8.1% during the fourth quarter. Alliancebernstein L.P. now owns 1,395,203 shares of the asset manager’s stock valued at $82,052,000 after purchasing an additional 104,386 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Voya Financial in the 4th quarter worth $78,908,000.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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