Robeco Institutional Asset Management B.V. Purchases 54,864 Shares of Voya Financial Inc. (VOYA)
Robeco Institutional Asset Management B.V. increased its position in shares of Voya Financial Inc. (NYSE:VOYA) by 16.9% during the second quarter, Holdings Channel reports. The institutional investor owned 378,896 shares of the company’s stock after buying an additional 54,864 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Voya Financial were worth $9,379,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Bloom Tree Partners LLC acquired a new position in shares of Voya Financial during the first quarter valued at $27,396,000. Old Mutual Global Investors UK Ltd. increased its position in shares of Voya Financial by 256.7% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,161,039 shares of the company’s stock valued at $28,747,000 after buying an additional 835,511 shares during the period. Renaissance Technologies LLC increased its position in shares of Voya Financial by 107.7% in the first quarter. Renaissance Technologies LLC now owns 1,251,200 shares of the company’s stock valued at $37,248,000 after buying an additional 648,800 shares during the period. Bogle Investment Management L P DE acquired a new position in shares of Voya Financial during the first quarter valued at $14,020,000. Finally, Natixis acquired a new position in shares of Voya Financial during the first quarter valued at $13,635,000. Institutional investors and hedge funds own 96.83% of the company’s stock.
Shares of Voya Financial Inc. (NYSE:VOYA) traded up 1.59% during trading on Friday, hitting $30.74. The stock had a trading volume of 2,374,329 shares. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 22.82 and a beta of 1.55. The stock’s 50-day moving average is $28.94 and its 200-day moving average is $29.06. Voya Financial Inc. has a 12-month low of $22.75 and a 12-month high of $42.45.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same period in the previous year, the company earned $0.78 EPS. On average, equities research analysts expect that Voya Financial Inc. will post $3.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, August 29th. Voya Financial’s payout ratio is currently 2.86%.
Several research analysts recently weighed in on the company. Credit Suisse Group AG assumed coverage on Voya Financial in a research note on Friday. They set an “outperform” rating and a $39.00 target price on the stock. TheStreet upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Co. assumed coverage on Voya Financial in a research note on Thursday, September 22nd. They set a “market perform” rating on the stock. Zacks Investment Research upgraded Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Finally, Goldman Sachs Group Inc. downgraded Voya Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $29.00 in a research note on Friday, July 15th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $38.75.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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