Prospector Partners LLC raised its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 37.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,418 shares of the asset manager's stock after acquiring an additional 43,786 shares during the period. Prospector Partners LLC owned approximately 0.17% of Voya Financial worth $12,629,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Voya Financial by 1,020.2% in the first 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 purchasing an additional 2,156,773 shares during the period. Boston Partners lifted its holdings in shares of Voya Financial by 83.8% in the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager's stock worth $186,310,000 after buying an additional 1,151,822 shares during the period. FMR LLC grew its position 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 worth $228,474,000 after buying an additional 592,523 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Voya Financial by 13.8% during 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 buying an additional 248,795 shares during the period. Finally, Leeward Investments LLC MA bought a new stake in shares of Voya Financial in the third quarter valued at about $19,269,000. Hedge funds and other institutional investors own 96.10% of the company's stock.
Insider Activity
In other news, insider Tony D. Oh sold 715 shares of the 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.37% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on VOYA shares. Piper Sandler boosted their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price target on Voya Financial from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 target price for the company. in a report on Thursday, October 3rd. Finally, Raymond James downgraded shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research report on Friday, September 13th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.00.
Get Our Latest Stock Analysis on Voya Financial
Voya Financial Trading Down 0.6 %
VOYA stock traded down $0.49 during mid-day trading on Tuesday, hitting $82.42. 502,972 shares of the company were exchanged, compared to its average volume of 815,748. The firm has a market capitalization of $7.93 billion, a P/E ratio of 13.05, a PEG ratio of 0.57 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The business has a fifty day simple moving average of $80.19 and a 200-day simple moving average of $74.57.
Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $2.07 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.
Voya Financial Announces Dividend
The firm 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 annualized dividend and a dividend yield of 2.18%. Voya Financial's dividend payout ratio is currently 28.66%.
Voya Financial Profile
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Free Report)
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.
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