7,534 Shares in Voya Financial, Inc. (NYSE:VOYA) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,534 shares of the asset manager's stock, valued at approximately $597,000.

A number of other institutional investors also recently added to or reduced their stakes in VOYA. Price T Rowe Associates Inc. MD raised its position in shares of Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager's stock worth $175,057,000 after purchasing an additional 2,156,773 shares during the period. Boston Partners boosted its position in Voya Financial by 83.8% during the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager's stock worth $186,310,000 after acquiring an additional 1,151,822 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Voya Financial by 6.2% during the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager's stock worth $818,094,000 after purchasing an additional 644,216 shares during the period. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 248,795 shares in the last quarter. Finally, Leeward Investments LLC MA purchased a new position in shares of Voya Financial during the 3rd quarter valued at $19,269,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Insider Buying and Selling at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Voya Financial Stock Down 0.0 %

VOYA stock traded down $0.02 during mid-day trading on Wednesday, hitting $79.91. 458,917 shares of the company were exchanged, compared to its average volume of 819,014. The firm has a market cap of $7.69 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The firm's 50 day simple moving average is $79.82 and its 200 day simple moving average is $74.39.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.2 EPS 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. Investors of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.25%. Voya Financial's dividend payout ratio (DPR) is presently 28.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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. Wells Fargo & Company boosted their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. downgraded Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target on the stock. in a research report on Thursday, October 3rd. Royal Bank of Canada boosted their price objective on Voya Financial from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, Citigroup boosted their target price on shares of Voya Financial from $86.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.00.

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.