Clearbridge Investments LLC raised its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212,289 shares of the asset manager’s stock after acquiring an additional 278,521 shares during the period. Clearbridge Investments LLC owned approximately 0.67% of Voya Financial worth $59,972,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in VOYA. The Manufacturers Life Insurance Company raised its stake in Voya Financial by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after acquiring an additional 321 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Voya Financial in the 3rd quarter worth $2,160,000. Daiwa Securities Group Inc. raised its stake in shares of Voya Financial by 116.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the asset manager’s stock worth $483,000 after buying an additional 6,500 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Voya Financial by 9.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 34,867 shares of the asset manager’s stock worth $1,391,000 after buying an additional 2,933 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Voya Financial by 9.0% in the 3rd quarter. Sei Investments Co. now owns 127,803 shares of the asset manager’s stock worth $5,100,000 after buying an additional 10,576 shares in the last quarter.
In other news, insider Kevin D. Silva sold 5,480 shares of Voya Financial stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $51.70, for a total transaction of $283,316.00. Following the transaction, the insider now owns 14,577 shares in the company, valued at $753,630.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin D. Silva sold 895 shares of Voya Financial stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total value of $45,439.15. Following the transaction, the insider now owns 9,299 shares in the company, valued at approximately $472,110.23. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $2.19 billion for the quarter. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. research analysts anticipate that Voya Financial Inc will post 4.3 EPS for the current fiscal year.
Voya Financial declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 13th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Voya Financial’s dividend payout ratio (DPR) is presently -1.74%.
A number of analysts have recently commented on the company. UBS Group assumed coverage on Voya Financial in a research note on Friday, March 2nd. They issued a “buy” rating and a $65.00 price objective on the stock. Wells Fargo & Co set a $63.00 price objective on Voya Financial and gave the stock a “buy” rating in a research note on Thursday, March 1st. SunTrust Banks boosted their price objective on Voya Financial to $54.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. ValuEngine raised Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $59.00 price objective on shares of Voya Financial in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.75.
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Voya Financial Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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