AlphaCrest Capital Management LLC cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 30.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,215 shares of the asset manager’s stock after selling 4,994 shares during the period. AlphaCrest Capital Management LLC’s holdings in Voya Financial were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in Voya Financial by 1,035.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,321 shares of the asset manager’s stock valued at $805,000 after acquiring an additional 12,148 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Voya Financial by 1.8% in the 3rd quarter. Synovus Financial Corp now owns 18,358 shares of the asset manager’s stock worth $1,111,000 after purchasing an additional 327 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Voya Financial during the second quarter worth $1,127,000. Prana Capital Management LP increased its holdings in Voya Financial by 126.8% in the second quarter. Prana Capital Management LP now owns 397,159 shares of the asset manager’s stock valued at $23,643,000 after purchasing an additional 222,043 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Voya Financial by 2.7% in the second quarter. Rhumbline Advisers now owns 294,048 shares of the asset manager’s stock valued at $17,505,000 after purchasing an additional 7,622 shares during the last quarter.
Insider Buying and Selling
In other Voya Financial news, Director Rodney O. Martin, Jr. sold 70,774 shares of Voya Financial stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $73.59, for a total value of $5,208,258.66. Following the sale, the director now directly owns 228,208 shares in the company, valued at approximately $16,793,826.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Santhosh Keshavan sold 3,564 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $74.06, for a total value of $263,949.84. Following the completion of the sale, the insider now owns 18,312 shares of the company’s stock, valued at approximately $1,356,186.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rodney O. Martin, Jr. sold 70,774 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the transaction, the director now owns 228,208 shares in the company, valued at $16,793,826.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,650 shares of company stock worth $16,595,760. 1.44% of the stock is owned by insiders.
Analyst Ratings Changes
Voya Financial Stock Performance
Shares of Voya Financial stock opened at $73.91 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 0.65 and a beta of 1.16. The stock’s 50-day moving average is $70.12 and its 200-day moving average is $65.80. Voya Financial, Inc. has a one year low of $56.20 and a one year high of $78.11.
Voya Financial (NYSE:VOYA – Get Rating) last announced its earnings results on Tuesday, February 7th. The asset manager reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.65. Voya Financial had a return on equity of 13.09% and a net margin of 9.37%. The business had revenue of $880.00 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter last year, the firm earned $1.90 EPS. Equities analysts predict that Voya Financial, Inc. will post 8.13 earnings per share for the current fiscal year.
Voya Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Friday, February 24th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, February 23rd. This is a positive change from Voya Financial’s previous quarterly dividend of $0.04. Voya Financial’s payout ratio is currently 18.18%.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.
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