Louisiana State Employees Retirement System bought a new position in Voya Financial, Inc. (NYSE:VOYA – Free Report) in the first quarter, Holdings Channel reports. The institutional investor bought 27,300 shares of the asset manager’s stock, valued at approximately $1,865,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ritholtz Wealth Management raised its position in Voya Financial by 32.9% in the 1st quarter. Ritholtz Wealth Management now owns 9,384 shares of the asset manager’s stock worth $641,000 after purchasing an additional 2,322 shares during the period. Leeward Investments LLC MA boosted its position in Voya Financial by 16.5% during the first quarter. Leeward Investments LLC MA now owns 289,498 shares of the asset manager’s stock valued at $19,779,000 after buying an additional 41,014 shares during the period. SG Americas Securities LLC grew its stake in shares of Voya Financial by 1,038.3% during the first quarter. SG Americas Securities LLC now owns 113,718 shares of the asset manager’s stock valued at $7,769,000 after buying an additional 103,728 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Voya Financial during the first quarter valued at about $291,000. Finally, Davis Capital Management increased its holdings in shares of Voya Financial by 2.4% in the first quarter. Davis Capital Management now owns 20,075 shares of the asset manager’s stock worth $1,372,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.
Voya Financial Trading Down 0.2%
NYSE:VOYA opened at $90.65 on Wednesday. The company has a 50-day moving average price of $84.26 and a 200-day moving average price of $76.70. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.82 and a beta of 0.92. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $93.05.
Voya Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. Voya Financial’s dividend payout ratio is currently 28.40%.
Analyst Upgrades and Downgrades
VOYA has been the subject of several analyst reports. Bank of America dropped their target price on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada lifted their price target on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley boosted their price objective on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. UBS Group increased their price objective on Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Barclays raised their target price on shares of Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.73.
View Our Latest Report on VOYA
Insider Activity at Voya Financial
In other news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by insiders.
Voya Financial Profile
Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.
Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.
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