Algert Global LLC Boosts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Algert Global LLC grew its position in Voya Financial, Inc. (NYSE:VOYA) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,473 shares of the asset manager’s stock after purchasing an additional 2,230 shares during the period. Algert Global LLC’s holdings in Voya Financial were worth $3,365,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of VOYA. M&G Plc lifted its stake in Voya Financial by 18.6% during the 2nd quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after acquiring an additional 18,471 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Voya Financial by 13.8% in the second 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 last quarter. International Assets Investment Management LLC grew its position in Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock worth $1,657,000 after purchasing an additional 20,788 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of 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 valued at $212,152,000 after buying an additional 38,438 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Voya Financial by 77.8% in the 1st quarter. Janus Henderson Group PLC now owns 95,012 shares of the asset manager’s stock valued at $7,022,000 after buying an additional 41,578 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 that occurred 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 legal filing with the SEC, which is available through this link. Insiders own 1.37% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $82.91 on Tuesday. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30. The firm has a 50-day simple moving average of $80.06 and a 200-day simple moving average of $74.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS. On average, equities analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

VOYA has been the subject of several recent research reports. Piper Sandler lifted their price target on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley decreased their price objective on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.