Northwest & Ethical Investments L.P. Makes New Investment in Voya Financial, Inc. (NYSE:VOYA)

Northwest & Ethical Investments L.P. purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,500 shares of the asset manager's stock, valued at approximately $2,416,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VOYA. FMR LLC lifted its holdings in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after buying an additional 592,523 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock valued at $146,234,000 after buying an additional 248,795 shares during the period. Leeward Investments LLC MA bought a new position in shares of Voya Financial during the 3rd quarter valued at $19,269,000. Renaissance Technologies LLC bought a new position in shares of Voya Financial during the 2nd quarter valued at $13,013,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock valued at $46,376,000 after buying an additional 148,810 shares during the period. Hedge funds and other institutional investors own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VOYA. Raymond James cut Voya Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, September 13th. Evercore ISI raised their target price on Voya Financial from $79.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Piper Sandler raised their target price on Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 target price on the stock. in a report on Thursday, October 3rd. Finally, Morgan Stanley decreased their target price on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Voya Financial has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Insider Activity

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 value of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company's stock.

Voya Financial Price Performance

VOYA stock traded up $0.07 during trading on Friday, reaching $83.00. The company's stock had a trading volume of 441,346 shares, compared to its average volume of 812,250. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30. 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 company has a market capitalization of $7.99 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. The company's fifty day moving average is $80.65 and its 200-day moving average is $74.81.

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, beating 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 business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 earnings per share. On average, research analysts expect that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.17%. Voya Financial's payout ratio is 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.