Voya Financial Inc (VOYA) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group decreased its position in Voya Financial Inc (NYSE:VOYA) by 81.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,900 shares of the asset manager’s stock after selling 241,198 shares during the quarter. Schroder Investment Management Group’s holdings in Voya Financial were worth $2,667,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Voya Financial by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock worth $276,000 after acquiring an additional 321 shares during the period. CIBC Asset Management Inc increased its position in shares of Voya Financial by 12.9% during the fourth quarter. CIBC Asset Management Inc now owns 9,028 shares of the asset manager’s stock worth $447,000 after acquiring an additional 1,028 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Voya Financial by 0.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 255,423 shares of the asset manager’s stock worth $12,636,000 after acquiring an additional 1,147 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Voya Financial by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,000 shares of the asset manager’s stock worth $2,844,000 after acquiring an additional 1,400 shares during the period. Finally, Aperio Group LLC increased its position in shares of Voya Financial by 1.3% during the third quarter. Aperio Group LLC now owns 131,744 shares of the asset manager’s stock worth $5,255,000 after acquiring an additional 1,746 shares during the period. 97.45% of the stock is currently owned by institutional investors.
Voya Financial Inc (NYSE:VOYA) opened at $50.91 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.14 and a current ratio of 0.18. The company has a market cap of $9,150.00, a price-to-earnings ratio of -22.13, a P/E/G ratio of 0.64 and a beta of 1.56. Voya Financial Inc has a 12 month low of $33.53 and a 12 month high of $54.87.
Voya Financial declared 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s payout ratio is currently -1.74%.
In related news, insider Kevin D. Silva sold 895 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total transaction of $45,439.15. Following the completion of the transaction, the insider now owns 9,299 shares in the company, valued at $472,110.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
A number of research firms have recently weighed in on VOYA. SunTrust Banks upped their price objective on Voya Financial to $54.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Wells Fargo & Co set a $65.00 price objective on Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, February 14th. ValuEngine raised Voya Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Evercore ISI raised Voya Financial to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, December 27th. Finally, UBS Group began coverage on Voya Financial in a research report on Friday. They set a “buy” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.75.
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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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