Voya Financial, Inc. (NYSE:VOYA) Shares Bought by PGGM Investments

PGGM Investments lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,593 shares of the asset manager’s stock after purchasing an additional 753 shares during the period. PGGM Investments’ holdings in Voya Financial were worth $2,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VOYA. Price T Rowe Associates Inc. MD boosted its holdings in shares of Voya Financial by 1,020.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after purchasing an additional 2,156,773 shares during the last quarter. Norges Bank acquired a new position in shares of Voya Financial during the 4th quarter worth approximately $80,749,000. Vanguard Group Inc. boosted its holdings in shares of Voya Financial by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after purchasing an additional 644,216 shares during the last quarter. Gillson Capital LP acquired a new position in shares of Voya Financial during the 4th quarter worth approximately $11,142,000. Finally, Algebris UK Ltd acquired a new position in shares of Voya Financial during the 1st quarter worth approximately $10,362,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $73.78, for a total value of $159,733.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by insiders.

Voya Financial Stock Down 3.2 %

Shares of NYSE:VOYA traded down $2.27 during trading on Friday, hitting $68.12. The company’s stock had a trading volume of 1,027,620 shares, compared to its average volume of 792,448. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50 day moving average price of $72.67 and a two-hundred day moving average price of $71.31. The company has a market capitalization of $6.86 billion, a PE ratio of 9.68, a P/E/G ratio of 0.50 and a beta of 1.05. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $76.75.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Voya Financial, Inc. will post 8.41 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, August 27th. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s dividend payout ratio is currently 22.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America lifted their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Company lifted their price target on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Jefferies Financial Group lifted their price target on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Citigroup lifted their price target on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut their target price on Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.00.

Voya Financial 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.