Prospector Partners LLC Buys 365 Shares of Voya Financial, Inc. (NYSE:VOYA)

Prospector Partners LLC raised its stake in Voya Financial, Inc. (NYSE:VOYA) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,942 shares of the asset manager’s stock after acquiring an additional 365 shares during the period. Prospector Partners LLC owned approximately 0.11% of Voya Financial worth $8,240,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VOYA. Chilton Capital Management LLC bought a new position in shares of Voya Financial during the 4th quarter valued at approximately $26,000. Clearstead Advisors LLC purchased a new stake in shares of Voya Financial in the third quarter valued at $33,000. GAMMA Investing LLC bought a new stake in shares of Voya Financial in the 4th quarter worth about $49,000. Fifth Third Bancorp grew its holdings in Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 196 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new stake in Voya Financial in the third quarter worth about $201,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Voya Financial stock traded down $1.22 during mid-day trading on Thursday, hitting $73.68. The company had a trading volume of 373,877 shares, compared to its average volume of 859,873. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.52 and a beta of 1.06. The company’s fifty day moving average is $71.27 and its 200-day moving average is $71.04. Voya Financial, Inc. has a 12-month low of $63.02 and a 12-month high of $77.00.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.30. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts predict that Voya Financial, Inc. will post 8.53 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial’s dividend payout ratio (DPR) is presently 22.73%.

Analysts Set New Price Targets

A number of brokerages recently commented on VOYA. Evercore ISI boosted their price objective on shares of Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their target price on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Morgan Stanley reduced their price target on Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Royal Bank of Canada lowered their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus price target of $83.44.

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.