Shell Asset Management Co. lowered its position in Voya Financial Inc (NYSE:VOYA) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,480 shares of the asset manager’s stock after selling 2,151 shares during the period. Shell Asset Management Co.’s holdings in Voya Financial were worth $512,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Voya Financial by 1.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 647,307 shares of the asset manager’s stock worth $18,655,000 after buying an additional 8,070 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Voya Financial during the third quarter valued at approximately $1,395,000. Advance Capital I Inc. boosted its position in shares of Voya Financial by 12.0% in the third quarter. Advance Capital I Inc. now owns 10,300 shares of the asset manager’s stock valued at $297,000 after buying an additional 1,100 shares in the last quarter. Silver Capital Management LLC acquired a new position in shares of Voya Financial during the third quarter valued at approximately $483,000. Finally, Tillar Wenstrup Advisors LLC boosted its position in shares of Voya Financial by 3.7% in the third quarter. Tillar Wenstrup Advisors LLC now owns 83,120 shares of the asset manager’s stock valued at $2,396,000 after buying an additional 2,977 shares in the last quarter. Institutional investors and hedge funds own 98.37% of the company’s stock.
Shares of Voya Financial Inc (NYSE VOYA) traded up 2.21% during mid-day trading on Thursday, hitting $36.11. 2,116,590 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $36.11 and a 200-day moving average price of $38.76. Voya Financial Inc has a 1-year low of $22.75 and a 1-year high of $42.96. The stock’s market cap is $6.71 billion.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. Voya Financial had a negative net margin of 4.20% and a positive return on equity of 3.39%. The business had revenue of $303.20 million for the quarter, compared to analyst estimates of $293.84 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities research analysts anticipate that Voya Financial Inc will post $3.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, May 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Friday, May 26th. Voya Financial’s dividend payout ratio (DPR) is currently -1.77%.
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VOYA has been the subject of several recent research reports. Barclays PLC reissued a “hold” rating and issued a $41.00 price target on shares of Voya Financial in a research report on Sunday, February 19th. Citigroup Inc reaffirmed a “focus list” rating on shares of Voya Financial in a research report on Tuesday, February 21st. Morgan Stanley lifted their price objective on shares of Voya Financial from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $51.00 price target on shares of Voya Financial in a research note on Thursday, March 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Voya Financial has an average rating of “Buy” and a consensus price target of $42.36.
In other Voya Financial news, insider Michael S. Smith purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $35.24 per share, for a total transaction of $176,200.00. Following the completion of the purchase, the insider now directly owns 69,142 shares of the company’s stock, valued at $2,436,564.08. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Rodney O. Martin, Jr. bought 8,475 shares of Voya Financial stock in a transaction dated Friday, June 2nd. The stock was purchased at an average price of $35.29 per share, for a total transaction of $299,082.75. Following the purchase, the chairman now directly owns 114,221 shares in the company, valued at approximately $4,030,859.09. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 14,299 shares of company stock worth $505,087 and have sold 47,295 shares worth $1,790,804. Insiders own 0.17% of the company’s stock.
About Voya Financial
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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