AIA Group Ltd Buys Shares of 3,167 Voya Financial, Inc. (NYSE:VOYA)

AIA Group Ltd purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,167 shares of the asset manager’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VOYA. O Shaughnessy Asset Management LLC raised its position in shares of Voya Financial by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,706 shares of the asset manager’s stock worth $1,907,000 after purchasing an additional 499 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of Voya Financial by 121.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 28,480 shares of the asset manager’s stock worth $1,960,000 after acquiring an additional 15,630 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Voya Financial by 105.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 349,080 shares of the asset manager’s stock valued at $24,027,000 after acquiring an additional 178,777 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Voya Financial by 1.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 27,237 shares of the asset manager’s stock valued at $1,875,000 after acquiring an additional 305 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Voya Financial by 6.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,178 shares of the asset manager’s stock valued at $907,000 after acquiring an additional 782 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $67.95 on Wednesday. The business has a 50-day moving average of $70.38 and a two-hundred day moving average of $74.34. The firm has a market capitalization of $6.49 billion, a PE ratio of 11.10, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30.

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

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.65%. Voya Financial’s dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

A number of research firms have issued reports on VOYA. Wells Fargo & Company upped their target price on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. Bank of America reiterated an “underperform” rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, Piper Sandler decreased their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $82.45.

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.