Voya Financial, Inc. (VOYA) To Go Ex-Dividend on November 24th

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.57 per share by the asset manager on Tuesday, December 29th. This represents a $2.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, November 24th. This is a 21.3% increase from Voya Financial’s previous quarterly dividend of $0.47.

Voya Financial has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Voya Financial has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Voya Financial to earn $11.34 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 16.6%.

Voya Financial Price Performance

Voya Financial stock opened at $98.18 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $98.52 and a 200-day simple moving average of $86.20. The stock has a market cap of $8.90 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. Voya Financial has a 12-month low of $64.50 and a 12-month high of $105.64.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the company earned $1.66 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts expect that Voya Financial will post 9.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Trevor Ogle sold 2,093 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $95.81, for a total value of $200,530.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Danske Bank A S purchased a new stake in shares of Voya Financial during the 2nd quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Voya Financial in the 2nd quarter valued at about $48,000. Root Financial Partners LLC increased its holdings in shares of Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 214 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 159 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Voya Financial in the 2nd quarter valued at about $84,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Company Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.