Crestline Management LP raised its holdings in Voya Financial Inc (NYSE:VOYA) by 58.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 221,623 shares of the asset manager’s stock after acquiring an additional 81,920 shares during the quarter. Voya Financial makes up about 1.1% of Crestline Management LP’s portfolio, making the stock its 4th largest holding. Crestline Management LP owned about 0.12% of Voya Financial worth $10,964,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Voya Financial by 92.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock worth $103,000 after buying an additional 1,008 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Voya Financial during the fourth quarter worth $133,000. Advisor Group Inc. increased its position in shares of Voya Financial by 171.6% during the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock worth $226,000 after buying an additional 2,891 shares during the period. Eagle Global Advisors LLC acquired a new stake in shares of Voya Financial during the fourth quarter worth $247,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of Voya Financial during the fourth quarter worth $257,000.
In other Voya Financial news, insider Kevin D. Silva sold 895 shares of the firm’s 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 directly owns 9,299 shares of the company’s stock, valued at $472,110.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total transaction of $283,316.00. Following the completion of the transaction, the insider now directly owns 14,577 shares in the company, valued at $753,630.90. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
Shares of Voya Financial Inc (VOYA) remained flat at $$54.15 during midday trading on Wednesday. The company’s stock had a trading volume of 201,730 shares, compared to its average volume of 2,457,382. The firm has a market capitalization of $9,283.04, a P/E ratio of -3.24, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. Voya Financial Inc has a 12 month low of $33.53 and a 12 month high of $54.87. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.45.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%. The firm had revenue of $2.19 billion for the quarter. analysts predict that Voya Financial Inc will post 4.3 EPS for the current fiscal year.
Voya Financial declared that its board has authorized a share repurchase plan on Tuesday, February 13th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be paid a $0.01 dividend. 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 -0.24%.
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Voya Financial Company 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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