24,152 Shares in Voya Financial, Inc. (NYSE:VOYA) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 24,152 shares of the asset manager’s stock, valued at approximately $1,913,000.

Other large investors also recently made changes to their positions in the company. Prospector Partners LLC lifted its stake in Voya Financial by 37.9% during the third quarter. Prospector Partners LLC now owns 159,418 shares of the asset manager’s stock valued at $12,629,000 after purchasing an additional 43,786 shares during the last quarter. FMR LLC boosted its stake in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after acquiring an additional 592,523 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Voya Financial in the 3rd quarter worth $1,201,000. Algert Global LLC raised its position in shares of Voya Financial by 5.5% during the third quarter. Algert Global LLC now owns 42,473 shares of the asset manager’s stock worth $3,365,000 after purchasing an additional 2,230 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Voya Financial by 15.2% during the third quarter. Kingsview Wealth Management LLC now owns 28,609 shares of the asset manager’s stock valued at $2,266,000 after purchasing an additional 3,782 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on VOYA shares. Bank of America upped their price objective on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research note on Thursday, October 3rd. Evercore ISI increased their price objective on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Piper Sandler lifted their target price on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.37% of the company’s stock.

Voya Financial Trading Up 0.6 %

Shares of VOYA opened at $82.93 on Friday. The stock’s 50-day moving average price is $80.42 and its 200 day moving average price is $74.69. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.07 earnings per share. As a group, research analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio is 28.66%.

Voya Financial Company Profile

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.