Illinois Municipal Retirement Fund Purchases 5,514 Shares of Voya Financial, Inc. $VOYA

Illinois Municipal Retirement Fund boosted its position in Voya Financial, Inc. (NYSE:VOYA) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,273 shares of the asset manager’s stock after purchasing an additional 5,514 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Voya Financial worth $3,230,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Voya Financial during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in Voya Financial during the 4th quarter worth approximately $33,000. Systematic Financial Management LP bought a new stake in Voya Financial during the 4th quarter worth approximately $37,000. Finally, Root Financial Partners LLC increased its position in Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 214 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VOYA shares. Atlantic Securities set a $79.00 price target on shares of Voya Financial in a research note on Wednesday. Wells Fargo & Company increased their price objective on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Raymond James Financial raised Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research report on Monday, June 8th. UBS Group lifted their target price on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada upped their price target on Voya Financial from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.69.

Voya Financial Stock Up 0.0%

Shares of NYSE:VOYA opened at $99.76 on Monday. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $103.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day moving average is $88.73 and its 200-day moving average is $78.71. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 0.91 and a beta of 0.91.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.02 by $0.24. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. Equities research analysts predict that Voya Financial, Inc. will post 9.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 1.9%. Voya Financial’s payout ratio is currently 28.40%.

Insiders Place Their Bets

In other news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the sale, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.