Voya Financial, Inc. $VOYA Stock Holdings Increased by Leeward Investments LLC MA

Leeward Investments LLC MA grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 16.5% in the first quarter, HoldingsChannel reports. The fund owned 289,498 shares of the asset manager’s stock after buying an additional 41,014 shares during the period. Leeward Investments LLC MA’s holdings in Voya Financial were worth $19,779,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Voya Financial by 1,038.3% during the first quarter. SG Americas Securities LLC now owns 113,718 shares of the asset manager’s stock valued at $7,769,000 after purchasing an additional 103,728 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in Voya Financial during the 1st quarter valued at about $291,000. Davis Capital Management raised its position in shares of Voya Financial by 2.4% during the 1st quarter. Davis Capital Management now owns 20,075 shares of the asset manager’s stock worth $1,372,000 after buying an additional 474 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Voya Financial by 124.7% during the 4th quarter. Hsbc Holdings PLC now owns 121,267 shares of the asset manager’s stock worth $9,033,000 after buying an additional 67,300 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Voya Financial by 4.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,107 shares of the asset manager’s stock worth $604,000 after acquiring an additional 380 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on VOYA. TD Cowen began coverage on shares of Voya Financial in a research note on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Bank of America cut their target price on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company increased their price target on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods lowered their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Morgan Stanley boosted their price objective on Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.73.

Voya Financial Stock Performance

Shares of VOYA opened at $92.21 on Wednesday. The firm’s 50 day moving average is $82.52 and its 200-day moving average is $76.02. The stock has a market capitalization of $8.36 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $93.05.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $2.02 by $0.24. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 earnings per share. Equities research analysts anticipate that Voya Financial, Inc. will post 9.6 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio is 28.40%.

Insider Activity at Voya Financial

In other news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the sale, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.