Johnson Financial Group Inc. lessened its position in shares of Voya Financial Inc (NYSE:VOYA) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,555 shares of the asset manager’s stock after selling 2,050 shares during the quarter. Johnson Financial Group Inc.’s holdings in Voya Financial were worth $1,165,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mutual Advisors LLC purchased a new position in Voya Financial during the 4th quarter valued at approximately $278,000. American International Group Inc. grew its holdings in Voya Financial by 52.3% during the 4th quarter. American International Group Inc. now owns 11,043 shares of the asset manager’s stock valued at $546,000 after buying an additional 3,790 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Voya Financial during the 4th quarter valued at approximately $13,515,000. Taylor Hoffman Wealth Management purchased a new position in Voya Financial during the 4th quarter valued at approximately $482,000. Finally, Virtu Financial LLC purchased a new position in Voya Financial during the 4th quarter valued at approximately $429,000. Institutional investors and hedge funds own 97.45% of the company’s stock.
Shares of Voya Financial Inc (NYSE VOYA) opened at $50.71 on Friday. The stock has a market capitalization of $9,080.81, a P/E ratio of 17.66, a PEG ratio of 0.64 and a beta of 1.61. Voya Financial Inc has a one year low of $33.53 and a one year high of $54.87. The company has a quick ratio of 0.14, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.
Voya Financial announced that its board has initiated a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s payout ratio is -0.24%.
VOYA has been the subject of several research analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Voya Financial in a report on Friday, December 8th. BTIG Research restated a “buy” rating and set a $59.00 price target on shares of Voya Financial in a report on Tuesday, January 2nd. Evercore ISI upgraded Voya Financial from an “in-line” rating to an “outperform” rating and raised their price target for the company from $47.00 to $60.00 in a report on Thursday, December 21st. Royal Bank of Canada restated a “buy” rating and set a $55.00 price target on shares of Voya Financial in a report on Friday, December 22nd. Finally, Deutsche Bank initiated coverage on Voya Financial in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $59.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.00.
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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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