Robeco Institutional Asset Management B.V. boosted its position in Voya Financial Inc (NYSE:VOYA) by 11.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,192,924 shares of the asset manager’s stock after purchasing an additional 122,435 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.85% of Voya Financial worth $64,944,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VOYA. Patriot Financial Group Insurance Agency LLC grew its position in shares of Voya Financial by 2,380.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 496 shares of the asset manager’s stock valued at $28,000 after buying an additional 476 shares during the last quarter. Hexavest Inc. bought a new position in shares of Voya Financial in the second quarter worth $30,000. Doyle Wealth Management bought a new stake in Voya Financial during the second quarter valued at $42,000. US Bancorp DE boosted its stake in Voya Financial by 18.5% during the second quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock valued at $79,000 after buying an additional 224 shares during the period. Finally, Cerebellum GP LLC bought a new stake in Voya Financial during the first quarter valued at $176,000.
In other news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $49.30 per share, with a total value of $49,300.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rodney O. Martin, Jr. sold 129,684 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $57.86, for a total transaction of $7,503,516.24. Following the transaction, the chief executive officer now directly owns 159,373 shares of the company’s stock, valued at approximately $9,221,321.78. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
A number of equities research analysts have weighed in on VOYA shares. Royal Bank of Canada raised their price target on Voya Financial to $65.00 and gave the company an “outperform” rating in a research report on Thursday. ValuEngine downgraded Voya Financial from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on Voya Financial from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group lifted their price objective on Voya Financial from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Citigroup reduced their price target on Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $60.13.
NYSE VOYA traded down $0.39 during mid-day trading on Friday, reaching $57.42. The stock had a trading volume of 1,023,900 shares, compared to its average volume of 1,313,254. The stock has a market cap of $7.88 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.56 and a beta of 1.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.17 and a quick ratio of 0.17. The company has a fifty day moving average price of $54.31 and a 200 day moving average price of $53.68. Voya Financial Inc has a 1 year low of $36.66 and a 1 year high of $59.00.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, November 5th. The asset manager reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The company had revenue of $187.00 million for the quarter, compared to analysts’ expectations of $301.05 million. Voya Financial had a net margin of 5.77% and a return on equity of 8.09%. During the same quarter in the prior year, the firm posted $1.34 earnings per share. As a group, equities research analysts expect that Voya Financial Inc will post 5.46 earnings per share for the current year.
Voya Financial Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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