11,198 Shares in Voya Financial, Inc. (NYSE:VOYA) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,198 shares of the asset manager’s stock, valued at approximately $887,000.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Voya Financial during the 3rd quarter worth about $29,000. UMB Bank n.a. increased its holdings in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares in the last quarter. Blue Trust Inc. increased its holdings in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares in the last quarter. Quarry LP bought a new position in Voya Financial during the 2nd quarter worth about $61,000. Finally, Brooklyn Investment Group bought a new position in shares of Voya Financial in the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Piper Sandler raised their price objective on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Finally, Morgan Stanley cut their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Voya Financial Trading Up 0.1 %

Shares of VOYA stock opened at $83.00 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The firm has a 50 day moving average price of $80.65 and a two-hundred day moving average price of $74.82. The company has a market capitalization of $7.99 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. Voya Financial’s payout ratio is 28.66%.

Insider Activity

In related news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by company insiders.

Voya Financial Company 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.