Meiji Yasuda Life Insurance Co trimmed its position in shares of Voya Financial Inc (NYSE:VOYA) by 21.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,731 shares of the asset manager’s stock after selling 2,453 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Voya Financial were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of VOYA. Brown Advisory Securities LLC boosted its holdings in shares of Voya Financial by 26.7% in the 4th quarter. Brown Advisory Securities LLC now owns 9,500 shares of the asset manager’s stock worth $380,000 after buying an additional 2,000 shares during the last quarter. Synovus Financial Corp raised its stake in Voya Financial by 15.3% in the 1st quarter. Synovus Financial Corp now owns 26,245 shares of the asset manager’s stock valued at $1,307,000 after acquiring an additional 3,477 shares during the period. Great West Life Assurance Co. Can raised its stake in Voya Financial by 0.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 95,423 shares of the asset manager’s stock valued at $3,680,000 after acquiring an additional 549 shares during the period. State of Wisconsin Investment Board raised its stake in Voya Financial by 88.2% in the 1st quarter. State of Wisconsin Investment Board now owns 291,290 shares of the asset manager’s stock valued at $14,553,000 after acquiring an additional 136,525 shares during the period. Finally, Geode Capital Management LLC raised its stake in Voya Financial by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,491,333 shares of the asset manager’s stock valued at $59,819,000 after acquiring an additional 5,846 shares during the period.
In other Voya Financial news, Director Byron H. Pollitt, Jr. acquired 1,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $51.26 per share, with a total value of $51,260.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Patricia J. Walsh sold 1,870 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.69, for a total value of $100,400.30. Following the transaction, the insider now directly owns 27,488 shares of the company’s stock, valued at approximately $1,475,830.72. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
Shares of VOYA opened at $53.96 on Friday. Voya Financial Inc has a twelve month low of $36.66 and a twelve month high of $55.61. The stock has a market cap of $7.78 billion, a PE ratio of 13.36 and a beta of 1.45. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 7th. The asset manager reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Voya Financial had a net margin of 5.64% and a return on equity of 8.45%. The company had revenue of $194.00 million for the quarter, compared to the consensus estimate of $272.72 million. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, sell-side analysts predict that Voya Financial Inc will post 5.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, May 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend is Thursday, May 30th. Voya Financial’s dividend payout ratio is presently 0.99%.
A number of brokerages recently issued reports on VOYA. Credit Suisse Group restated an “outperform” rating and issued a $66.00 price objective (up from $59.00) on shares of Voya Financial in a research note on Tuesday, March 26th. Royal Bank of Canada boosted their price objective on Voya Financial to $60.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. Finally, TheStreet upgraded Voya Financial from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.00.
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Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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