Chartwell Investment Partners LLC Increases Holdings in Voya Financial, Inc. (NYSE:VOYA)

Posted by on Jun 27th, 2023

Chartwell Investment Partners LLC grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,580 shares of the asset manager’s stock after purchasing an additional 684 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Voya Financial were worth $1,542,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VOYA. Atlas Capital Advisors LLC increased its holdings in Voya Financial by 48.4% in the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after acquiring an additional 136 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in Voya Financial by 22.1% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the asset manager’s stock worth $62,000 after acquiring an additional 170 shares during the last quarter. abrdn plc increased its holdings in Voya Financial by 2.7% in the 4th quarter. abrdn plc now owns 8,232 shares of the asset manager’s stock worth $506,000 after acquiring an additional 219 shares during the last quarter. FCA Corp TX increased its holdings in Voya Financial by 0.6% in the 1st quarter. FCA Corp TX now owns 42,923 shares of the asset manager’s stock worth $2,848,000 after acquiring an additional 239 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Voya Financial by 6.5% in the 1st quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock worth $262,000 after acquiring an additional 243 shares during the last quarter.

Voya Financial Stock Performance

Shares of VOYA opened at $69.42 on Tuesday. The company has a market cap of $6.82 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.63 and a beta of 1.16. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $71.62 and a 200-day moving average price of $69.77. Voya Financial, Inc. has a 12-month low of $56.20 and a 12-month high of $78.11.

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 firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $288.10 million. Voya Financial had a net margin of 9.58% and a return on equity of 14.77%. During the same period in the prior year, the business posted $1.47 earnings per share. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.09 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Friday, May 26th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. Voya Financial’s dividend payout ratio is 16.70%.

Analysts Set New Price Targets

VOYA has been the subject of several analyst reports. StockNews.com initiated coverage on Voya Financial in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Truist Financial cut their target price on Voya Financial from $80.00 to $75.00 in a research note on Thursday, May 4th. Finally, Wells Fargo & Company cut their target price on Voya Financial from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.73.

About Voya Financial

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Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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