Massachusetts Financial Services Co. MA Purchases 38,438 Shares of Voya Financial, Inc. (NYSE:VOYA)

Massachusetts Financial Services Co. MA increased its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,678,016 shares of the asset manager's stock after acquiring an additional 38,438 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.78% of Voya Financial worth $212,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VOYA. Price T Rowe Associates Inc. MD lifted its position in shares of Voya Financial by 1,020.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager's stock valued at $175,057,000 after acquiring an additional 2,156,773 shares in the last quarter. Boston Partners lifted its holdings in shares of Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager's stock valued at $186,310,000 after purchasing an additional 1,151,822 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock valued at $146,234,000 after purchasing an additional 248,795 shares in the last quarter. Leeward Investments LLC MA acquired a new stake in shares of Voya Financial in the third quarter worth $19,269,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Voya Financial during the second quarter valued at $13,013,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Up 1.2 %

Shares of NYSE:VOYA traded up $1.00 on Friday, reaching $81.68. The company had a trading volume of 669,583 shares, compared to its average volume of 866,395. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $7.86 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.57 and a beta of 1.03. The stock has a 50-day moving average price of $80.06 and a 200 day moving average price of $74.49. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Voya Financial's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. On average, equities analysts expect that Voya Financial, Inc. will post 8.2 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Tuesday, November 26th. Voya Financial's dividend payout ratio (DPR) is presently 28.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VOYA shares. Raymond James downgraded Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. Piper Sandler increased their price target on shares of Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Barclays increased their target price on shares of Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada lifted their target price on shares of Voya Financial from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $86.00.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the company's stock in a transaction that occurred on 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 can be accessed through this link. 1.37% of the stock is currently owned by company insiders.

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.