Rafferty Asset Management LLC lowered its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 28.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,996 shares of the asset manager’s stock after selling 10,781 shares during the quarter. Rafferty Asset Management LLC’s holdings in Voya Financial were worth $1,084,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Voya Financial by 3.1% during the 4th quarter. M&T Bank Corp now owns 8,298 shares of the asset manager’s stock worth $332,000 after acquiring an additional 253 shares during the period. SignalPoint Asset Management LLC boosted its stake in shares of Voya Financial by 3.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 12,758 shares of the asset manager’s stock worth $512,000 after acquiring an additional 410 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Voya Financial by 3.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,001 shares of the asset manager’s stock worth $522,000 after acquiring an additional 486 shares during the period. First Mercantile Trust Co. boosted its stake in shares of Voya Financial by 95.5% during the 4th quarter. First Mercantile Trust Co. now owns 1,310 shares of the asset manager’s stock worth $52,000 after acquiring an additional 640 shares during the period. Finally, Doyle Wealth Management bought a new position in shares of Voya Financial during the 4th quarter worth approximately $35,000. 98.23% of the stock is currently owned by institutional investors.
VOYA has been the subject of several research reports. Goldman Sachs Group raised Voya Financial from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $60.00 to $54.00 in a report on Tuesday, January 8th. Credit Suisse Group set a $59.00 price target on Voya Financial and gave the stock a “buy” rating in a report on Friday, January 25th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. dropped their price target on Voya Financial from $53.00 to $52.00 and set an “underweight” rating for the company in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Voya Financial presently has an average rating of “Buy” and an average target price of $57.78.
In other news, insider Chetlur S. Ragavan sold 13,713 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $48.15, for a total transaction of $660,280.95. Following the completion of the transaction, the insider now owns 57,595 shares of the company’s stock, valued at approximately $2,773,199.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ruth Ann M. Gillis acquired 926 shares of Voya Financial stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of $50.60 per share, for a total transaction of $46,855.60. The disclosure for this purchase can be found here. Insiders have sold a total of 23,911 shares of company stock valued at $1,175,087 in the last three months. 0.36% of the stock is owned by insiders.
NYSE VOYA traded up $0.39 during midday trading on Thursday, hitting $49.90. The company had a trading volume of 313,780 shares, compared to its average volume of 1,158,514. The stock has a market capitalization of $7.23 billion, a PE ratio of 12.35 and a beta of 1.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.17 and a quick ratio of 0.16. Voya Financial Inc has a twelve month low of $36.66 and a twelve month high of $55.27.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 5th. The asset manager reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Voya Financial had a return on equity of 8.04% and a net margin of 10.28%. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts expect that Voya Financial Inc will post 5.3 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, February 28th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, February 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s dividend payout ratio (DPR) is currently 0.99%.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
Recommended Story: Why does a company issue an IPO?
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.