KLP Kapitalforvaltning AS Takes $1.39 Million Position in Voya Financial, Inc. (NYSE:VOYA)

KLP Kapitalforvaltning AS acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,200 shares of the asset manager's stock, valued at approximately $1,390,000.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the last quarter. R Squared Ltd bought a new position in Voya Financial in the 4th quarter valued at $41,000. Venturi Wealth Management LLC increased its position in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares during the last quarter. Finally, LRI Investments LLC raised its stake in shares of Voya Financial by 780.5% during the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager's stock worth $85,000 after purchasing an additional 921 shares during the period. Institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

Shares of VOYA traded down $5.76 during mid-day trading on Thursday, reaching $63.25. 154,623 shares of the stock traded hands, compared to its average volume of 834,062. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $63.21 and a 1 year high of $84.30. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The firm has a fifty day moving average price of $70.37 and a 200 day moving average price of $74.31.

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Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.85%. Voya Financial's payout ratio is presently 29.41%.

Analyst Ratings Changes

A number of analysts recently issued reports on VOYA shares. Evercore ISI decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. Royal Bank of Canada decreased their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Piper Sandler lowered their price target on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Bank of America reissued an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Voya Financial currently has an average rating of "Hold" and an average target price of $82.83.

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.