Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,473 shares of the asset manager’s stock after acquiring an additional 2,230 shares during the period. Algert Global LLC’s holdings in Voya Financial were worth $3,365,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Voya Financial in the third quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares in the last quarter. Quarry LP purchased a new stake in shares of Voya Financial during the second quarter worth approximately $61,000. Blue Trust Inc. raised its holdings in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Voya Financial in the third quarter worth approximately $87,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VOYA shares. Wells Fargo & Company increased their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Bank of America lifted their price target on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler raised their target price on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays upped their price target on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Insider Activity at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Voya Financial Stock Up 1.5 %

Voya Financial stock opened at $82.91 on Tuesday. The stock has a 50 day moving average of $80.06 and a two-hundred day moving average of $74.50. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.57 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Voya Financial’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. Voya Financial’s dividend payout ratio is currently 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.