29,300 Shares in Voya Financial, Inc. (NYSE:VOYA) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Voya Financial, Inc. (NYSE:VOYA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,300 shares of the asset manager’s stock, valued at approximately $2,138,000.

Several other large investors also recently modified their holdings of the business. Atlas Capital Advisors LLC lifted its holdings in Voya Financial by 48.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after buying an additional 136 shares during the period. Industrial Alliance Investment Management Inc. lifted its holdings 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 buying an additional 170 shares during the period. Fifth Third Bancorp lifted its holdings in Voya Financial by 12.5% in the third quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock worth $118,000 after buying an additional 196 shares during the period. Securian Asset Management Inc. lifted its holdings in shares of Voya Financial by 2.6% during the third quarter. Securian Asset Management Inc. now owns 8,959 shares of the asset manager’s stock valued at $595,000 after purchasing an additional 225 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Voya Financial by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 44,391 shares of the asset manager’s stock valued at $2,950,000 after purchasing an additional 225 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VOYA shares. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley decreased their price objective on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Piper Sandler boosted their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $82.00 target price on shares of Voya Financial in a research report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $82.50.

Voya Financial Trading Up 0.4 %

Shares of Voya Financial stock opened at $67.45 on Thursday. The company has a market capitalization of $6.84 billion, a P/E ratio of 12.42, a P/E/G ratio of 0.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30. The company has a fifty day moving average of $69.73 and a 200 day moving average of $70.17. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $77.78.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $236.00 million during the quarter, compared to the consensus estimate of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.42 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, February 26th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, February 23rd. Voya Financial’s payout ratio is currently 29.47%.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.