Point72 Asia Singapore Pte. Ltd. Invests $887,000 in Voya Financial, Inc. (NYSE:VOYA)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,198 shares of the asset manager's stock, valued at approximately $887,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VOYA. FMR LLC raised its holdings in Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after purchasing an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Voya Financial by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock worth $212,152,000 after purchasing an additional 38,438 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock worth $146,234,000 after purchasing an additional 248,795 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Voya Financial by 29.6% in the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock worth $46,376,000 after purchasing an additional 148,810 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Voya Financial by 7.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager's stock worth $40,011,000 after buying an additional 37,760 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VOYA shares. Raymond James lowered Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. Evercore ISI upped their price target on shares of Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Barclays lifted their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. UBS Group raised Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on Voya Financial from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Insider Activity

In related news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company's stock.

Voya Financial Price Performance

Shares of VOYA stock traded up $0.24 on Monday, reaching $83.24. 294,713 shares of the company were exchanged, compared to its average volume of 810,368. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30. The business has a 50-day moving average price of $80.65 and a 200 day moving average price of $74.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the business earned $2.07 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts forecast that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. Voya Financial's dividend payout ratio is presently 28.66%.

About Voya Financial

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.