Lighthouse Investment Partners LLC Acquires 28,210 Shares of Voya Financial, Inc. $VOYA

Lighthouse Investment Partners LLC boosted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,836 shares of the asset manager’s stock after buying an additional 28,210 shares during the quarter. Lighthouse Investment Partners LLC owned 0.22% of Voya Financial worth $15,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Trail Ridge Investment Advisors LLC grew its stake in shares of Voya Financial by 2.0% in the third quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock worth $622,000 after acquiring an additional 166 shares during the period. ProShare Advisors LLC boosted its holdings in Voya Financial by 4.2% in the second quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock worth $303,000 after purchasing an additional 171 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Voya Financial by 4.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock worth $338,000 after purchasing an additional 201 shares during the last quarter. Park Avenue Securities LLC grew its position in Voya Financial by 1.5% in the 3rd quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock worth $1,098,000 after purchasing an additional 215 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the period. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VOYA shares. Wells Fargo & Company lowered their price target on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Royal Bank Of Canada raised their target price on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Finally, Morgan Stanley cut their price target on Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.89.

Voya Financial Trading Up 1.2%

Shares of VOYA stock opened at $66.32 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.45 and a beta of 0.90. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $79.99. The firm has a fifty day moving average price of $73.61 and a 200-day moving average price of $73.66.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.Voya Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 annualized dividend and a dividend yield of 2.8%. Voya Financial’s dividend payout ratio (DPR) is 29.89%.

About Voya Financial

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.