Prospector Partners LLC Increases Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Prospector Partners LLC increased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 37.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,418 shares of the asset manager’s stock after buying an additional 43,786 shares during the period. Prospector Partners LLC owned 0.17% of Voya Financial worth $12,629,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased its position in shares of Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after buying an additional 592,523 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares during the period. Boston Partners increased its holdings in Voya Financial by 83.8% during the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after acquiring an additional 1,151,822 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Voya Financial by 1,020.2% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the company’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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the subject of several research analyst reports. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Evercore ISI boosted their price objective on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Bank of America raised their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Piper Sandler boosted their price target on shares of Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $82.91 on Tuesday. The stock has a market capitalization of $7.98 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day simple moving average is $80.06 and its two-hundred day simple moving average is $74.50.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 EPS. Analysts forecast that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. Voya Financial’s dividend payout ratio is presently 28.66%.

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.