Advisors Asset Management Inc. Buys 3,970 Shares of Voya Financial, Inc. (NYSE:VOYA)

Advisors Asset Management Inc. raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 52.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,580 shares of the asset manager’s stock after acquiring an additional 3,970 shares during the quarter. Advisors Asset Management Inc.’s holdings in Voya Financial were worth $917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VOYA. Kennedy Capital Management LLC increased its stake in shares of Voya Financial by 5.7% in the 1st quarter. Kennedy Capital Management LLC now owns 49,310 shares of the asset manager’s stock worth $3,645,000 after acquiring an additional 2,659 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Voya Financial by 77.8% in the 1st quarter. Janus Henderson Group PLC now owns 95,012 shares of the asset manager’s stock worth $7,022,000 after purchasing an additional 41,578 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Voya Financial in the 1st quarter worth approximately $515,000. iA Global Asset Management Inc. grew its stake in shares of Voya Financial by 11.0% in the 1st quarter. iA Global Asset Management Inc. now owns 14,701 shares of the asset manager’s stock worth $1,087,000 after buying an additional 1,457 shares during the last quarter. Finally, Algebris UK Ltd bought a new position in Voya Financial during the 1st quarter valued at approximately $10,362,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Insiders Place Their Bets

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

VOYA has been the topic of several analyst reports. Bank of America boosted their target price on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Evercore ISI increased their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada raised their price objective on shares of Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Finally, Piper Sandler raised their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. 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 data from MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Voya Financial Price Performance

NYSE VOYA opened at $82.44 on Wednesday. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.57 and a beta of 1.03. 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. The business’s fifty day moving average price is $80.19 and its 200-day moving average price is $74.57.

Voya Financial (NYSE:VOYA) last posted its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. Voya Financial’s dividend payout ratio is currently 28.66%.

Voya Financial 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.