Leeward Investments LLC MA Makes New Investment in Voya Financial, Inc. (NYSE:VOYA)

Leeward Investments LLC MA acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the third quarter, Holdings Channel.com reports. The fund acquired 243,228 shares of the asset manager’s stock, valued at approximately $19,269,000.

Several other large investors have also modified their holdings of VOYA. M&G PLC increased its stake in Voya Financial by 4.6% in the 3rd quarter. M&G PLC now owns 123,164 shares of the asset manager’s stock worth $9,730,000 after purchasing an additional 5,458 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Voya Financial by 87.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,497 shares of the asset manager’s stock worth $4,159,000 after purchasing an additional 24,510 shares during the period. Confluence Wealth Services Inc. grew its position in Voya Financial by 7.0% during the 3rd quarter. Confluence Wealth Services Inc. now owns 10,787 shares of the asset manager’s stock worth $855,000 after purchasing an additional 704 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Voya Financial by 4.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 53,131 shares of the asset manager’s stock worth $4,209,000 after purchasing an additional 2,281 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Voya Financial by 5.8% in the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 202 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VOYA has been the topic of a number of research analyst reports. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Royal Bank of Canada increased their price target on shares of Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Piper Sandler boosted their price objective on shares of Voya Financial from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group increased their target price on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays boosted their price target on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $85.27.

Voya Financial Trading Up 10.6 %

Shares of NYSE:VOYA opened at $82.93 on Thursday. 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 stock has a market capitalization of $8.15 billion, a PE ratio of 13.21, a P/E/G ratio of 0.55 and a beta of 1.03. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $83.93. The firm has a fifty day moving average price of $77.71 and a 200 day moving average price of $73.53.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.50% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $2.07 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Voya Financial, Inc. will post 8.28 EPS for the current fiscal year.

Voya Financial Announces Dividend

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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

About Voya Financial

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.