Two Sigma Advisers LP cut its position in shares of Voya Financial Inc (NYSE:VOYA) by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 669,554 shares of the asset manager’s stock after selling 256,175 shares during the quarter. Two Sigma Advisers LP owned 0.37% of Voya Financial worth $33,123,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VOYA. Steward Partners Investment Advisory LLC purchased a new stake in shares of Voya Financial in the fourth quarter worth approximately $133,000. Advisor Group Inc. lifted its position in shares of Voya Financial by 171.6% in the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock worth $226,000 after purchasing an additional 2,891 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Voya Financial in the fourth quarter worth approximately $247,000. IFM Investors Pty Ltd purchased a new stake in shares of Voya Financial in the third quarter worth approximately $254,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Voya Financial in the fourth quarter worth approximately $257,000.
In other Voya Financial news, insider Kevin D. Silva sold 895 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.77, for a total transaction of $45,439.15. Following the transaction, the insider now owns 9,299 shares in the company, valued at $472,110.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin D. Silva sold 5,480 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total value of $283,316.00. Following the transaction, the insider now owns 14,577 shares in the company, valued at approximately $753,630.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.
Voya Financial Inc (NYSE VOYA) opened at $53.51 on Friday. The firm has a market cap of $9,305.40, a P/E ratio of -3.21, a P/E/G ratio of 0.70 and a beta of 1.56. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45. Voya Financial Inc has a 52-week low of $33.53 and a 52-week high of $54.87.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $2.19 billion for the quarter. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%. equities analysts expect that Voya Financial Inc will post 4.28 EPS for the current year.
Voya Financial declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 13th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Voya Financial’s payout ratio is presently -0.24%.
A number of research firms have recently issued reports on VOYA. Wells Fargo set a $63.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Thursday, March 1st. UBS began coverage on shares of Voya Financial in a research report on Friday, March 2nd. They issued a “buy” rating and a $65.00 price target for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research report on Thursday, December 21st. ValuEngine raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks increased their price target on shares of Voya Financial to $54.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Voya Financial presently has a consensus rating of “Buy” and an average price target of $55.00.
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Voya Financial 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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