Voya Financial, Inc. (VOYA) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. lessened its stake in Voya Financial, Inc. (NYSE:VOYA) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,339,248 shares of the asset manager’s stock after selling 33,722 shares during the period. Russell Investments Group Ltd. owned about 1.30% of Voya Financial worth $93,311,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VOYA. Teachers Advisors LLC boosted its holdings in Voya Financial by 33.1% in the first quarter. Teachers Advisors LLC now owns 327,195 shares of the asset manager’s stock worth $12,420,000 after purchasing an additional 81,327 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Voya Financial by 6.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,019,396 shares of the asset manager’s stock valued at $38,695,000 after acquiring an additional 59,580 shares during the period. Bank of Montreal Can boosted its holdings in shares of Voya Financial by 13.7% during the second quarter. Bank of Montreal Can now owns 221,287 shares of the asset manager’s stock valued at $8,163,000 after acquiring an additional 26,663 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Voya Financial during the second quarter valued at $1,370,000. Finally, Highland Capital Management LLC acquired a new position in shares of Voya Financial during the second quarter valued at $881,000. Institutional investors and hedge funds own 96.62% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Monday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $51.00 price target on shares of Voya Financial in a report on Friday, November 10th. Royal Bank Of Canada reissued a “buy” rating and set a $50.00 price target on shares of Voya Financial in a report on Thursday, November 2nd. Wells Fargo & Company set a $50.00 price target on shares of Voya Financial and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.70.
Shares of Voya Financial, Inc. (NYSE VOYA) traded up $0.13 during midday trading on Thursday, hitting $41.42. 1,307,300 shares of the company were exchanged, compared to its average volume of 1,533,982. Voya Financial, Inc. has a fifty-two week low of $33.53 and a fifty-two week high of $42.96. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $7,421.75, a PE ratio of 14.24, a P/E/G ratio of 0.74 and a beta of 1.62.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The company had revenue of $226.50 million for the quarter, compared to the consensus estimate of $322.92 million. During the same quarter in the prior year, the firm earned ($1.24) earnings per share. analysts expect that Voya Financial, Inc. will post 3.05 EPS for the current year.
Voya Financial announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 31st that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date is Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -2.23%.
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Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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