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

FORA Capital LLC boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 28.8% in the third quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Voya Financial during the 3rd quarter worth about $29,000. UMB Bank n.a. lifted its position in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after acquiring an additional 239 shares during the period. Blue Trust Inc. lifted its position in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after acquiring an additional 801 shares during the period. Quarry LP acquired a new stake in Voya Financial during the 2nd quarter worth about $61,000. Finally, Brooklyn Investment Group acquired a new stake in Voya Financial during the 3rd quarter worth about $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VOYA shares. Evercore ISI lifted their price objective on Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Piper Sandler lifted their price target on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Voya Financial Trading Up 0.6 %

Shares of Voya Financial stock opened at $82.93 on Thursday. The stock has a market cap of $7.98 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.58 and a beta of 1.03. The stock’s 50 day simple moving average is $80.30 and its 200-day simple moving average is $74.63. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. 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 issued 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 return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $2.07 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Announces Dividend

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

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.37% of the stock is currently owned by insiders.

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.