Victory Capital Management Inc. Acquires 29,252 Shares of Voya Financial, Inc. (NYSE:VOYA)

Victory Capital Management Inc. raised its holdings in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,172 shares of the asset manager’s stock after buying an additional 29,252 shares during the period. Victory Capital Management Inc. owned about 0.26% of Voya Financial worth $15,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VOYA. Guardian Wealth Advisors LLC bought a new stake in Voya Financial in the third quarter valued at approximately $36,000. Brown Brothers Harriman & Co. bought a new position in shares of Voya Financial during the first quarter worth approximately $36,000. Ellevest Inc. increased its stake in shares of Voya Financial by 56.5% during the third quarter. Ellevest Inc. now owns 753 shares of the asset manager’s stock worth $46,000 after purchasing an additional 272 shares during the period. Industrial Alliance Investment Management Inc. grew its position in Voya Financial by 22.1% during the first quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the asset manager’s stock worth $62,000 after buying an additional 170 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of Voya Financial by 36.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,287 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 341 shares in the last quarter.

Analysts Set New Price Targets

VOYA has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Voya Financial from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Wednesday, April 5th. Jefferies Financial Group raised their target price on Voya Financial from $74.00 to $78.00 and gave the company a “hold” rating in a report on Tuesday, February 21st. StockNews.com initiated coverage on Voya Financial in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Piper Sandler raised their target price on Voya Financial from $78.00 to $84.00 in a report on Thursday, February 9th. Finally, JPMorgan Chase & Co. increased their price target on Voya Financial from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Voya Financial Stock Up 0.5 %

Shares of NYSE:VOYA opened at $70.84 on Tuesday. The firm has a market cap of $6.96 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.63 and a beta of 1.15. Voya Financial, Inc. has a 12-month low of $56.20 and a 12-month high of $78.11. The business has a fifty day simple moving average of $71.25 and a 200 day simple moving average of $68.77. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.62.

Voya Financial (NYSE:VOYA – Get Rating) last announced its earnings results on Tuesday, May 2nd. The asset manager reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $288.10 million. Voya Financial had a return on equity of 14.77% and a net margin of 9.58%. During the same period in the previous year, the firm posted $1.47 earnings per share. Analysts predict that Voya Financial, Inc. will post 8.14 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Friday, May 26th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 25th. Voya Financial’s payout ratio is presently 16.70%.

Insiders Place Their Bets

In other Voya Financial news, Director Rodney O. Martin, Jr. sold 70,774 shares of Voya Financial stock in a transaction dated 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 directly owns 228,208 shares of the company’s stock, 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, Director Rodney O. Martin, Jr. sold 70,774 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total value of $5,208,258.66. Following the transaction, the director now directly owns 228,208 shares of the company’s stock, 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 the SEC website. Also, insider Santhosh Keshavan sold 3,564 shares of the business’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 completion of the transaction, the insider now directly owns 18,312 shares in the company, valued at $1,356,186.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,062 shares of company stock valued at $8,461,042. 1.44% of the stock is currently owned by company insiders.

About Voya Financial

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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.