Prospector Partners LLC Has $7.76 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Prospector Partners LLC lessened its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,756 shares of the asset manager's stock after selling 46,662 shares during the quarter. Prospector Partners LLC owned about 0.12% of Voya Financial worth $7,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Voya Financial by 3.6% during the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock worth $22,561,000 after acquiring an additional 11,336 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Voya Financial by 420.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock worth $4,812,000 after purchasing an additional 52,032 shares during the last quarter. KBC Group NV raised its holdings in Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after purchasing an additional 6,781 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Voya Financial during the 4th quarter valued at about $47,155,000. Finally, Barclays PLC boosted its stake in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after purchasing an additional 15,902 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

VOYA has been the topic of several analyst reports. Piper Sandler cut their price objective on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Barclays lowered Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. UBS Group decreased their price objective on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada cut their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $81.67.

Voya Financial Stock Up 0.6 %

Shares of NYSE:VOYA traded up $0.34 during trading on Friday, hitting $56.33. 299,241 shares of the company's stock traded hands, compared to its average volume of 853,821. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $68.25 and a 200-day moving average price of $73.24. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's payout ratio is presently 29.41%.

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.