SEB Asset Management AB Makes New $1.03 Million Investment in Voya Financial, Inc. $VOYA

SEB Asset Management AB bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,100 shares of the asset manager’s stock, valued at approximately $1,032,000.

Other large investors have also modified their holdings of the company. Verdad Advisers LP bought a new position in shares of Voya Financial during the fourth quarter valued at approximately $148,980,000. Norges Bank purchased a new position in Voya Financial during the fourth quarter valued at approximately $83,106,000. Millennium Management LLC raised its stake in Voya Financial by 135.7% in the third quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock worth $81,139,000 after buying an additional 624,436 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Voya Financial by 63.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock worth $107,101,000 after buying an additional 553,675 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Voya Financial by 11.6% during the third quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after buying an additional 444,059 shares during the period. Institutional investors own 96.10% of the company’s stock.

Insider Transactions at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on VOYA shares. Bank of America dropped their target price on Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Atlantic Securities set a $79.00 price target on Voya Financial in a research report on Wednesday, July 15th. TD Cowen upped their price objective on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group raised their price objective on Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group boosted their target price on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average price target of $100.15.

Voya Financial Stock Down 1.7%

VOYA stock opened at $96.83 on Friday. The stock has a market capitalization of $8.78 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $103.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $90.08 and a 200 day moving average of $79.36.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $2.00 EPS. Voya Financial’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Voya Financial, Inc. will post 9.38 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, May 26th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 26th. Voya Financial’s dividend payout ratio is presently 28.40%.

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.