Man Group plc Purchases Shares of 60,305 Voya Financial, Inc. $VOYA

Man Group plc purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,305 shares of the asset manager’s stock, valued at approximately $5,459,000. Man Group plc owned approximately 0.07% of Voya Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VOYA. Danske Bank A S acquired a new stake in Voya Financial during the 2nd quarter worth approximately $27,000. Allworth Financial LP grew its position in Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Voya Financial during the 4th quarter worth approximately $28,000. Systematic Financial Management LP bought a new stake in shares of Voya Financial in the 4th quarter worth $37,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Voya Financial during the second quarter valued at approximately $48,000. 96.10% of the stock is currently owned by institutional investors.

Insider Transactions at Voya Financial

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

Analyst Upgrades and Downgrades

VOYA has been the subject of several analyst reports. TD Cowen raised their price objective on shares of Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $111.00 price objective on shares of Voya Financial in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their price target on Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Raymond James Financial raised Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $103.85.

Voya Financial Price Performance

VOYA opened at $102.34 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.27 billion, a P/E ratio of 17.26, a PEG ratio of 0.99 and a beta of 0.89. The business has a fifty day moving average of $97.76 and a 200 day moving average of $83.66. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 9.25 EPS for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is 31.70%.

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.