Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 92.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,104 shares of the asset manager’s stock after purchasing an additional 1,008 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Voya Financial were worth $103,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its holdings in Voya Financial by 1.8% in the fourth quarter. BlackRock Inc. now owns 10,571,994 shares of the asset manager’s stock valued at $522,996,000 after acquiring an additional 187,198 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Voya Financial by 2.2% in the fourth quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock valued at $241,642,000 after acquiring an additional 105,752 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Voya Financial by 470.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock valued at $98,946,000 after acquiring an additional 1,649,729 shares in the last quarter. Clearbridge LLC raised its holdings in Voya Financial by 27.2% in the fourth quarter. Clearbridge LLC now owns 1,289,706 shares of the asset manager’s stock valued at $63,802,000 after acquiring an additional 275,465 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Voya Financial by 29.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,212,289 shares of the asset manager’s stock valued at $59,972,000 after purchasing an additional 278,521 shares during the last quarter.

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Shares of VOYA opened at $52.00 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $8,803.15, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.77 and a beta of 1.53. Voya Financial Inc has a 12-month low of $33.53 and a 12-month high of $54.87.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business 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%. analysts anticipate that Voya Financial Inc will post 4.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, 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 presently 1.33%.

Voya Financial declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 13th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

VOYA has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. Evercore ISI upgraded shares of Voya Financial from an “in-line” rating to an “outperform” rating and increased their price target for the company from $47.00 to $60.00 in a research note on Thursday, December 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research note on Thursday, December 21st. Wells Fargo set a $63.00 price target on shares of Voya Financial and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, Bank of America initiated coverage on shares of Voya Financial in a research note on Monday, March 26th. They issued a “buy” rating and a $60.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Voya Financial has an average rating of “Buy” and an average price target of $57.17.

In other news, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total transaction of $283,316.00. Following the transaction, the insider now directly owns 14,577 shares in the company, valued at $753,630.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin D. Silva sold 895 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

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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.

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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