Voya Financial, Inc. $VOYA Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 237,550 shares of the asset manager’s stock after acquiring an additional 15,186 shares during the quarter. Quantinno Capital Management LP’s holdings in Voya Financial were worth $16,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. increased its stake in shares of Voya Financial by 13.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 189,949 shares of the asset manager’s stock worth $12,977,000 after acquiring an additional 22,439 shares during the last quarter. FCA Corp TX grew its holdings in shares of Voya Financial by 2.5% in the first quarter. FCA Corp TX now owns 40,001 shares of the asset manager’s stock valued at $2,733,000 after purchasing an additional 987 shares during the period. Inceptionr LLC increased its position in Voya Financial by 173.7% during the first quarter. Inceptionr LLC now owns 7,900 shares of the asset manager’s stock worth $540,000 after purchasing an additional 5,014 shares during the last quarter. Sei Investments Co. increased its position in Voya Financial by 9.0% during the first quarter. Sei Investments Co. now owns 253,613 shares of the asset manager’s stock worth $17,326,000 after purchasing an additional 20,875 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Voya Financial by 280.8% during the first quarter. First Trust Advisors LP now owns 526,864 shares of the asset manager’s stock worth $35,995,000 after purchasing an additional 388,520 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 2,887 shares of the company’s stock, valued at $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Trading Up 0.1%

NYSE VOYA opened at $99.53 on Monday. The firm’s 50-day moving average is $92.21 and its two-hundred day moving average is $80.26. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $103.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $9.02 billion, a P/E ratio of 15.04, a PEG ratio of 0.92 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 9.32 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is 28.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Voya Financial from $88.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Wells Fargo & Company raised their price target on shares of Voya Financial from $89.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a research report on Monday, June 8th. Keefe, Bruyette & Woods upped their price objective on Voya Financial from $92.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, UBS Group increased their price objective on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and an average target price of $100.15.

About Voya Financial

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.