First Commonwealth Financial Corp PA Sells 403 Shares of Voya Financial, Inc. (VOYA)
First Commonwealth Financial Corp PA reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,567 shares of the asset manager’s stock after selling 403 shares during the period. First Commonwealth Financial Corp PA’s holdings in Voya Financial were worth $611,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Voya Financial by 56.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock worth $410,000 after purchasing an additional 4,002 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Voya Financial in the 2nd quarter worth $239,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Voya Financial by 8.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock worth $8,784,000 after purchasing an additional 19,240 shares in the last quarter. Scout Investments Inc. bought a new position in shares of Voya Financial in the 2nd quarter worth $20,004,000. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Voya Financial by 25.9% in the 2nd quarter. State of Wisconsin Investment Board now owns 156,435 shares of the asset manager’s stock worth $5,771,000 after purchasing an additional 32,150 shares in the last quarter. Institutional investors own 97.59% of the company’s stock.
Voya Financial, Inc. (VOYA) traded down 1.03% during midday trading on Friday, reaching $40.38. The company had a trading volume of 576,337 shares. The stock’s market capitalization is $7.26 billion. The company has a 50-day moving average of $38.34 and a 200-day moving average of $37.45. Voya Financial, Inc. has a 12-month low of $28.96 and a 12-month high of $42.96.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.18). The business had revenue of $272.90 million for the quarter, compared to the consensus estimate of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period in the previous year, the company earned $0.79 earnings per share. On average, analysts predict that Voya Financial, Inc. will post $3.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend was Tuesday, August 29th. Voya Financial’s payout ratio is -1.04%.
A number of brokerages recently issued reports on VOYA. ValuEngine upgraded Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. BidaskClub lowered Voya Financial from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Royal Bank Of Canada increased their price target on Voya Financial from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $46.11.
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In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total value of $342,380.00. Following the completion of the sale, the insider now owns 5,379 shares in the company, valued at $216,666.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.
About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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