Seven Eight Capital LP Makes New $1.03 Million Investment in Voya Financial, Inc. (NYSE:VOYA)

Seven Eight Capital LP acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the first quarter, Holdings Channel.com reports. The firm acquired 13,965 shares of the asset manager’s stock, valued at approximately $1,032,000.

Several other hedge funds have also made changes to their positions in VOYA. Hohimer Wealth Management LLC raised its holdings in Voya Financial by 1.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock valued at $625,000 after acquiring an additional 140 shares in the last quarter. Signaturefd LLC increased its position in shares of Voya Financial by 2.9% during the fourth quarter. Signaturefd LLC now owns 5,156 shares of the asset manager’s stock valued at $376,000 after purchasing an additional 147 shares during the period. SYSTM Wealth Solutions LLC lifted its position in Voya Financial by 56.2% in the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after purchasing an additional 149 shares during the period. Panagora Asset Management Inc. lifted its position in Voya Financial by 1.3% in the fourth quarter. Panagora Asset Management Inc. now owns 13,115 shares of the asset manager’s stock worth $957,000 after purchasing an additional 169 shares during the period. Finally, FCA Corp TX boosted its stake in Voya Financial by 0.5% during the fourth quarter. FCA Corp TX now owns 42,440 shares of the asset manager’s stock worth $3,096,000 after buying an additional 195 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA stock traded down $1.27 during midday trading on Wednesday, reaching $71.43. 543,004 shares of the company’s stock traded hands, compared to its average volume of 828,719. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.52 and a beta of 1.05. The company has a 50-day simple moving average of $72.89 and a two-hundred day simple moving average of $71.26. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $77.00.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts anticipate that Voya Financial, Inc. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Piper Sandler raised their price target on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on Voya Financial from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Wells Fargo & Company increased their target price on Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Finally, Bank of America boosted their price target on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $84.30.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 2,165 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by company insiders.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.