15,341 Shares in Voya Financial, Inc. $VOYA Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,341 shares of the asset manager’s stock, valued at approximately $1,048,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Voya Financial in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial in the 4th quarter valued at about $33,000. Systematic Financial Management LP purchased a new position in Voya Financial during the 4th quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC increased its position in Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price objective on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. TD Cowen upped their price target on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target for the company in a research note on Monday, June 8th. Morgan Stanley raised their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Barclays lifted their price objective on shares of Voya Financial from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Insider Buying and Selling

In related news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Voya Financial Stock Up 0.7%

VOYA opened at $100.10 on Tuesday. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.92 and a beta of 0.89. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $103.85. The business’s fifty day moving average is $92.56 and its two-hundred day moving average is $80.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $2.00 EPS. Voya Financial’s revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Voya Financial, Inc. will post 9.32 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.40%.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.