Virginia Retirement Systems ET AL Takes Position in Voya Financial Inc. (VOYA)
Virginia Retirement Systems ET AL purchased a new stake in shares of Voya Financial Inc. (NYSE:VOYA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 206,100 shares of the company’s stock, valued at approximately $5,103,000. Virginia Retirement Systems ET AL owned approximately 0.10% of Voya Financial at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its stake in shares of Voya Financial by 31.2% in the second quarter. Pzena Investment Management LLC now owns 15,175,429 shares of the company’s stock worth $375,744,000 after buying an additional 3,612,038 shares during the period. Franklin Resources Inc. boosted its stake in shares of Voya Financial by 661.4% in the first quarter. Franklin Resources Inc. now owns 9,564,564 shares of the company’s stock worth $284,740,000 after buying an additional 8,308,464 shares during the period. AJO LP raised its position in Voya Financial by 13.6% in the second quarter. AJO LP now owns 7,681,653 shares of the company’s stock valued at $190,198,000 after buying an additional 921,751 shares in the last quarter. Acadian Asset Management LLC raised its position in Voya Financial by 7.0% in the second quarter. Acadian Asset Management LLC now owns 5,598,916 shares of the company’s stock valued at $138,626,000 after buying an additional 367,365 shares in the last quarter. Finally, Investec Asset Management LTD raised its position in Voya Financial by 4.4% in the first quarter. Investec Asset Management LTD now owns 5,347,422 shares of the company’s stock valued at $159,193,000 after buying an additional 224,661 shares in the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.
Shares of Voya Financial Inc. (NYSE:VOYA) opened at 29.09 on Tuesday. Voya Financial Inc. has a 52-week low of $22.75 and a 52-week high of $42.45. The stock’s 50 day moving average is $28.30 and its 200 day moving average is $29.21. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 21.60 and a beta of 1.55.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities analysts predict that Voya Financial Inc. will post $3.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Monday, August 29th. Voya Financial’s payout ratio is 2.86%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Goldman Sachs Group Inc. lowered Voya Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $39.00 to $29.00 in a research report on Friday, July 15th. Deutsche Bank AG lowered their price target on Voya Financial from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. TheStreet lowered Voya Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Citigroup Inc. lowered their price target on Voya Financial from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Voya Financial currently has a consensus rating of “Buy” and an average target price of $38.73.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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