Vestcor Inc Has $715,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Vestcor Inc raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 296.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,381 shares of the asset manager’s stock after purchasing an additional 7,765 shares during the quarter. Vestcor Inc’s holdings in Voya Financial were worth $715,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake 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 valued at $4,812,000 after purchasing an additional 52,032 shares during the period. KBC Group NV raised its stake in Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock valued at $646,000 after purchasing an additional 6,781 shares during the period. Hennessy Advisors Inc. acquired a new stake in Voya Financial during the 4th quarter valued at $47,155,000. Victory Capital Management Inc. raised its stake in Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock valued at $22,561,000 after purchasing an additional 11,336 shares during the period. Finally, Barclays PLC raised its stake in Voya Financial by 48.2% during 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 period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Up 2.7 %

Shares of NYSE:VOYA opened at $66.84 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm has a fifty day moving average price of $70.44 and a 200 day moving average price of $74.62. The stock has a market capitalization of $6.39 billion, a PE ratio of 10.92, a P/E/G ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) 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%. Analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Barclays downgraded shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Bank of America reaffirmed a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Morgan Stanley raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Finally, Piper Sandler dropped their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.55.

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.