FORA Capital LLC Boosts Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

FORA Capital LLC lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 28.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,214 shares of the asset manager’s stock after acquiring an additional 3,624 shares during the quarter. FORA Capital LLC’s holdings in Voya Financial were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. M&G Plc increased its position in shares of Voya Financial by 18.6% during the second quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock worth $8,357,000 after acquiring an additional 18,471 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after acquiring an additional 248,795 shares during the period. International Assets Investment Management LLC increased its position in shares of Voya Financial by 15,513.4% during the third quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock worth $1,657,000 after acquiring an additional 20,788 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Voya Financial by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Voya Financial by 77.8% during the first quarter. Janus Henderson Group PLC now owns 95,012 shares of the asset manager’s stock worth $7,022,000 after acquiring an additional 41,578 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the topic of several recent analyst reports. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Royal Bank of Canada increased their target price on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Piper Sandler increased their target price on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays increased their target price on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Voya Financial Stock Performance

NYSE VOYA opened at $82.93 on Thursday. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30. The company has a market capitalization of $7.98 billion, a PE ratio of 13.13, a P/E/G ratio of 0.58 and a beta of 1.03. The company has a fifty day moving average of $80.30 and a two-hundred day moving average of $74.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31.

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

Voya Financial Announces Dividend

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

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.