Voya Financial, Inc. $VOYA Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 40.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,596 shares of the asset manager’s stock after purchasing an additional 7,115 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Voya Financial were worth $1,840,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Voya Financial during the third quarter valued at about $85,000. Choreo LLC bought a new position in shares of Voya Financial during the 3rd quarter valued at about $220,000. Citigroup Inc. grew its stake in shares of Voya Financial by 8.6% in the 3rd quarter. Citigroup Inc. now owns 23,791 shares of the asset manager’s stock worth $1,780,000 after purchasing an additional 1,882 shares during the last quarter. Essex Financial Services Inc. bought a new stake in shares of Voya Financial in the 3rd quarter worth approximately $206,000. Finally, Syon Capital LLC lifted its stake in Voya Financial by 35.5% during the third quarter. Syon Capital LLC now owns 6,078 shares of the asset manager’s stock valued at $455,000 after purchasing an additional 1,593 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA stock opened at $70.39 on Thursday. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.45 and a beta of 0.90. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $79.99. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $74.70 and its 200-day simple moving average is $74.07.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.89%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Evercore reduced their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.89.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.