14,614 Shares in Voya Financial, Inc. (NYSE:VOYA) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,614 shares of the asset manager's stock, valued at approximately $1,158,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VOYA. V Square Quantitative Management LLC purchased a new stake in shares of Voya Financial in the third quarter valued at about $29,000. UMB Bank n.a. lifted its stake in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after buying an additional 239 shares in the last quarter. Quarry LP purchased a new position in Voya Financial in the 2nd quarter valued at approximately $61,000. Blue Trust Inc. raised its holdings in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock valued at $65,000 after acquiring an additional 801 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Voya Financial in the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Insider Activity at Voya Financial

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 transaction of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays decreased their price target on shares of Voya Financial from $85.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday. Piper Sandler lifted their price target on Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Morgan Stanley cut their price objective on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Raymond James cut Voya Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, September 13th. Finally, UBS Group upgraded shares of Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Seven research 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $85.67.

Voya Financial Stock Performance

Voya Financial stock traded down $1.73 during trading on Wednesday, reaching $70.48. The company had a trading volume of 752,960 shares, compared to its average volume of 815,798. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm's 50-day simple moving average is $80.94 and its 200 day simple moving average is $75.13. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.56 and a beta of 1.02. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted $2.07 EPS. The company's revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.55%. Voya Financial's dividend payout ratio (DPR) is presently 28.66%.

Voya Financial 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.