Voya Financial Inc (VOYA) Shares Sold by Bowling Portfolio Management LLC
Bowling Portfolio Management LLC decreased its holdings in Voya Financial Inc (NYSE:VOYA) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,172 shares of the asset manager’s stock after selling 7,520 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Voya Financial were worth $1,757,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Doyle Wealth Management acquired a new stake in Voya Financial in the fourth quarter valued at $35,000. Lindbrook Capital LLC acquired a new stake in Voya Financial in the fourth quarter valued at $37,000. Oregon Public Employees Retirement Fund grew its holdings in Voya Financial by 2,374.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,574,492 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 1,510,857 shares during the last quarter. Essex Savings Bank acquired a new stake in Voya Financial in the fourth quarter valued at $42,000. Finally, Capital Financial Planning LLC acquired a new stake in Voya Financial in the fourth quarter valued at $50,000.
VOYA opened at $54.66 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.55. The firm has a market cap of $8.09 billion, a P/E ratio of 13.53 and a beta of 1.46. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $55.61.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, February 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date was Wednesday, February 27th. Voya Financial’s payout ratio is currently 0.99%.
Several analysts have weighed in on VOYA shares. Credit Suisse Group reissued an “outperform” rating and issued a $66.00 target price (up previously from $59.00) on shares of Voya Financial in a report on Tuesday, March 26th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Wednesday, January 2nd. TheStreet raised Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Goldman Sachs Group raised Voya Financial from a “neutral” rating to a “buy” rating and lowered their target price for the company from $60.00 to $54.00 in a report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $57.29.
In related news, insider Nancy Ferrara sold 26,138 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $52.00, for a total transaction of $1,359,176.00. Following the sale, the insider now owns 9,500 shares of the company’s stock, valued at $494,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Chetlur S. Ragavan sold 13,713 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $48.15, for a total value of $660,280.95. Following the sale, the insider now directly owns 57,595 shares in the company, valued at approximately $2,773,199.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,049 shares of company stock worth $2,534,263. Corporate insiders own 0.36% of the company’s stock.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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