AIA Group Ltd Takes Position in Voya Financial, Inc. (NYSE:VOYA)

AIA Group Ltd purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,531 shares of the asset manager’s stock, valued at approximately $1,717,000.

A number of other institutional investors have also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in Voya Financial in the fourth quarter worth approximately $26,000. Atlas Capital Advisors LLC boosted its holdings in Voya Financial by 48.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after purchasing an additional 136 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in Voya Financial in the third quarter worth approximately $33,000. Sunbelt Securities Inc. purchased a new stake in Voya Financial in the first quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Voya Financial in the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $68.75 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $6.97 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.45 and a beta of 1.06. The firm’s fifty day moving average is $69.71 and its two-hundred day moving average is $70.15. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $77.78.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $236.00 million for the quarter, compared to the consensus estimate of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. As a group, analysts anticipate that Voya Financial, Inc. will post 8.42 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, February 26th were issued a $0.40 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.33%. Voya Financial’s dividend payout ratio is currently 29.47%.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several recent research reports. Morgan Stanley decreased their price target on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Evercore ISI increased their price target on shares of Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $82.00 price target on shares of Voya Financial in a research report on Monday, January 8th. Finally, Piper Sandler raised their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.50.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.