Bridgeway Capital Management Inc. Has $25,183,000 Position in Voya Financial Inc. (VOYA)
Bridgeway Capital Management Inc. boosted its position in shares of Voya Financial Inc. (NYSE:VOYA) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,017,095 shares of the company’s stock after buying an additional 75,700 shares during the period. Bridgeway Capital Management Inc. owned 0.51% of Voya Financial worth $25,183,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of Voya Financial by 47.0% in the first quarter. Royal Bank of Canada now owns 536,862 shares of the company’s stock valued at $15,983,000 after buying an additional 171,706 shares during the last quarter. Capital Returns Management LLC increased its stake in shares of Voya Financial by 82.9% in the first quarter. Capital Returns Management LLC now owns 478,900 shares of the company’s stock valued at $14,257,000 after buying an additional 217,100 shares during the last quarter. Natixis bought a new stake in shares of Voya Financial during the first quarter valued at approximately $13,635,000. A.R.T. Advisors LLC increased its stake in shares of Voya Financial by 99.9% in the first quarter. A.R.T. Advisors LLC now owns 35,020 shares of the company’s stock valued at $1,042,000 after buying an additional 17,500 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Voya Financial by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 37,666 shares of the company’s stock valued at $1,121,000 after buying an additional 1,847 shares during the last quarter. 96.69% of the stock is owned by institutional investors.
Voya Financial Inc. (NYSE:VOYA) traded up 1.98% during trading on Friday, reaching $36.49. 3,139,020 shares of the company were exchanged. Voya Financial Inc. has a one year low of $22.75 and a one year high of $41.98. The firm’s 50-day moving average is $30.53 and its 200 day moving average is $29.12. The company’s market capitalization is $7.10 billion.
Voya Financial (NYSE:VOYA) last issued its earnings results on Wednesday, November 2nd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. The firm earned $160.40 million during the quarter, compared to analyst estimates of $306.80 million. Voya Financial had a negative net margin of 0.02% and a positive return on equity of 3.37%. During the same quarter last year, the business earned $0.18 earnings per share. On average, analysts anticipate that Voya Financial Inc. will post $2.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, November 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. Voya Financial’s dividend payout ratio is presently -400.00%.
Several analysts recently commented on VOYA shares. Credit Suisse Group AG started coverage on shares of Voya Financial in a report on Friday, October 7th. They set an “outperform” rating and a $39.00 target price for the company. Royal Bank Of Canada cut shares of Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 price objective for the company. in a research note on Wednesday. Goldman Sachs Group Inc. cut shares of Voya Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $39.00 to $29.00 in a research note on Friday, July 15th. RBC Capital Markets cut shares of Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 price objective for the company. in a research note on Wednesday. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Voya Financial presently has an average rating of “Hold” and an average target price of $36.45.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
Receive News & Stock Ratings for Voya Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial Inc. and related stocks with our FREE daily email newsletter.