Mackay Shields LLC boosted its stake in Voya Financial Inc (NYSE:VOYA) by 29.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,524 shares of the asset manager’s stock after buying an additional 37,801 shares during the period. Mackay Shields LLC owned 0.12% of Voya Financial worth $9,065,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of VOYA. Quest Capital Management Inc. ADV acquired a new stake in shares of Voya Financial in the 3rd quarter valued at $27,000. Patriot Financial Group Insurance Agency LLC grew its stake in Voya Financial by 2,380.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 496 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Hexavest Inc. acquired a new position in Voya Financial in the second quarter valued at about $30,000. Doyle Wealth Management acquired a new position in Voya Financial in the second quarter valued at about $42,000. Finally, US Bancorp DE grew its stake in Voya Financial by 18.5% in the second quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock valued at $79,000 after acquiring an additional 224 shares during the period.
In other news, Director Byron H. Pollitt, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $49.30 per share, for a total transaction of $49,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.69% of the company’s stock.
VOYA has been the subject of a number of research analyst reports. UBS Group boosted their target price on Voya Financial from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. ValuEngine cut Voya Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st. Morgan Stanley boosted their target price on Voya Financial from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday. SunTrust Banks boosted their target price on Voya Financial to $58.00 and gave the company a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their target price on Voya Financial to $65.00 and gave the company an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $60.13.
Shares of Voya Financial stock traded down $0.62 during trading on Friday, reaching $57.19. The stock had a trading volume of 4,003 shares, compared to its average volume of 834,387. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 0.56 and a beta of 1.51. The stock has a fifty day moving average price of $54.22 and a two-hundred day moving average price of $53.66. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $59.00. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.47.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 5th. The asset manager reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The firm had revenue of $187.00 million during the quarter, compared to the consensus estimate of $301.05 million. Voya Financial had a net margin of 5.77% and a return on equity of 8.09%. During the same quarter last year, the firm earned $1.34 earnings per share. On average, equities analysts forecast that Voya Financial Inc will post 5.46 EPS for the current fiscal year.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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