State Board of Administration of Florida Retirement System cut its holdings in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,106 shares of the asset manager’s stock after selling 4,350 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Voya Financial worth $8,123,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Industrial Alliance Investment Management Inc. lifted its stake in Voya Financial by 22.1% in the first quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the asset manager’s stock worth $62,000 after purchasing an additional 170 shares during the last quarter. Truist Financial Corp lifted its stake in Voya Financial by 0.3% in the third quarter. Truist Financial Corp now owns 78,553 shares of the asset manager’s stock worth $4,753,000 after purchasing an additional 214 shares during the last quarter. Brinker Capital Investments LLC lifted its stake in Voya Financial by 0.6% in the third quarter. Brinker Capital Investments LLC now owns 39,370 shares of the asset manager’s stock worth $2,382,000 after purchasing an additional 226 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Voya Financial by 0.7% in the third quarter. Eagle Asset Management Inc. now owns 32,944 shares of the asset manager’s stock worth $1,993,000 after purchasing an additional 233 shares during the last quarter. Finally, FCA Corp TX lifted its stake in Voya Financial by 0.6% in the first quarter. FCA Corp TX now owns 42,923 shares of the asset manager’s stock worth $2,848,000 after purchasing an additional 239 shares during the last quarter.
Insiders Place Their Bets
In other Voya Financial news, insider Santhosh Keshavan sold 3,564 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $74.06, for a total value of $263,949.84. Following the sale, the insider now owns 18,312 shares in the company, valued at $1,356,186.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Santhosh Keshavan sold 3,564 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $74.06, for a total transaction of $263,949.84. Following the sale, the insider now owns 18,312 shares in the company, valued at $1,356,186.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Rodney O. Martin, Jr. sold 70,774 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the sale, the director now owns 228,208 shares in the company, valued at approximately $16,793,826.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,650 shares of company stock worth $16,595,760. 1.44% of the stock is currently owned by company insiders.
Voya Financial Price Performance
Voya Financial (NYSE:VOYA – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $288.10 million. Voya Financial had a return on equity of 14.77% and a net margin of 9.58%. During the same quarter last year, the company posted $1.47 EPS. Analysts anticipate that Voya Financial, Inc. will post 8.11 earnings per share for the current fiscal year.
Voya Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Friday, May 26th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, May 25th. Voya Financial’s dividend payout ratio (DPR) is presently 16.70%.
Analyst Upgrades and Downgrades
VOYA has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Voya Financial from $79.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 13th. StockNews.com raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Piper Sandler upped their price objective on shares of Voya Financial from $78.00 to $84.00 in a research note on Thursday, February 9th. Morgan Stanley upped their price objective on shares of Voya Financial from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and an average price target of $82.50.
About Voya Financial
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.
Read More
- Get a free copy of the StockNews.com research report on Voya Financial (VOYA)
- How to Buy Southwest Airlines Stock
- Lucid Group Bottomed, But The Outlook Remains Cloudy
- Shoals Technology is an EV and Solar Play Just Getting Started
- Under Armour May Have Just Bottomed
- Skyworks Solutions: Another Crack in the Consumer Outlook
Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYA – Get Rating).
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
