Hennessy Advisors Inc. Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Hennessy Advisors Inc. purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 685,100 shares of the asset manager's stock, valued at approximately $47,155,000. Voya Financial accounts for approximately 1.4% of Hennessy Advisors Inc.'s portfolio, making the stock its 22nd largest holding. Hennessy Advisors Inc. owned approximately 0.71% of Voya Financial at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial during the 3rd quarter valued at about $29,000. UMB Bank n.a. lifted its stake in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after purchasing an additional 239 shares during the period. Quarry LP acquired a new stake in Voya Financial during the second quarter valued at approximately $61,000. Blue Trust Inc. grew its stake in shares of Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock valued at $65,000 after purchasing an additional 801 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Voya Financial in the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Trading Down 0.1 %

Shares of VOYA stock traded down $0.06 on Friday, reaching $69.75. 602,196 shares of the stock were exchanged, compared to its average volume of 652,332. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30. The stock has a market cap of $6.71 billion, a PE ratio of 11.11, a P/E/G ratio of 0.44 and a beta of 1.05. The stock has a 50 day moving average price of $74.21 and a 200 day moving average price of $74.21.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company's revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. Equities research analysts forecast that Voya Financial, Inc. will post 7.62 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Tuesday, November 26th. Voya Financial's dividend payout ratio is presently 28.66%.

Wall Street Analyst Weigh In

Several brokerages recently commented on VOYA. Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Bank of America reissued a "neutral" rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Evercore ISI lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their price target on shares of Voya Financial from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.73.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company's stock.

Voya Financial Company 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.