Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP grew its position in Voya Financial, Inc. (NYSE:VOYA) by 14.0% during the third quarter, Holdings Channel.com reports. The firm owned 6,533 shares of the asset manager’s stock after acquiring an additional 800 shares during the period. Aigen Investment Management LP’s holdings in Voya Financial were worth $518,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arjuna Capital raised its stake in Voya Financial by 0.8% in the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock valued at $1,401,000 after buying an additional 161 shares in the last quarter. US Bancorp DE raised its position in shares of Voya Financial by 5.8% during the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after acquiring an additional 202 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after purchasing an additional 210 shares during the last quarter. UMB Bank n.a. boosted its holdings in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Voya Financial by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Down 0.9 %

Shares of VOYA stock opened at $81.35 on Friday. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $79.09 and its two-hundred day moving average is $74.05. The company has a market capitalization of $7.83 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company posted $2.07 EPS. Voya Financial’s revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Voya Financial, Inc. will post 8.21 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. Voya Financial’s payout ratio is currently 28.66%.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VOYA has been the subject of several research analyst reports. Citigroup upped their target price on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Jefferies Financial Group boosted 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. JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a report on Thursday, October 3rd. Piper Sandler boosted their target price on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Barclays upped their target price on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.