First Trust Advisors LP Purchases 199,847 Shares of Voya Financial Inc. (VOYA)
First Trust Advisors LP boosted its stake in shares of Voya Financial Inc. (NYSE:VOYA) by 67.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 497,250 shares of the company’s stock after buying an additional 199,847 shares during the period. First Trust Advisors LP owned 0.25% of Voya Financial worth $14,331,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in VOYA. Envestnet Asset Management Inc. boosted its position 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. A.R.T. Advisors LLC boosted its position 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. Royal Bank of Canada boosted its position 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. BlueMountain Capital Management LLC boosted its position in shares of Voya Financial by 712.5% in the first quarter. BlueMountain Capital Management LLC now owns 17,444 shares of the company’s stock valued at $519,000 after buying an additional 15,297 shares during the last quarter. Finally, River & Mercantile Asset Management LLP boosted its position in shares of Voya Financial by 54.8% in the second quarter. River & Mercantile Asset Management LLP now owns 101,665 shares of the company’s stock valued at $2,515,000 after buying an additional 36,000 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.
Voya Financial Inc. (NYSE:VOYA) traded up 0.75% during midday trading on Tuesday, hitting $37.79. 552,181 shares of the stock were exchanged. Voya Financial Inc. has a 1-year low of $22.75 and a 1-year high of $41.12. The firm’s 50-day moving average price is $32.99 and its 200 day moving average price is $29.52. The firm’s market capitalization is $7.35 billion.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 posted $0.18 EPS. Analysts expect that Voya Financial Inc. will post $2.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Monday, November 28th. Voya Financial’s dividend payout ratio is currently -400.00%.
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VOYA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Wells Fargo & Co. initiated coverage on Voya Financial in a report on Thursday, September 22nd. They set a “market perform” rating for the company. TheStreet upgraded Voya Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 5th. Credit Suisse Group AG initiated coverage on Voya Financial in a report on Friday, October 7th. They set an “outperform” rating and a $39.00 price target for the company. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Voya Financial in a report on Wednesday, October 26th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.45.
In other news, insider Nancy Ferrara sold 1,395 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $35.67, for a total transaction of $49,759.65. Following the completion of the transaction, the insider now directly owns 17,915 shares of the company’s stock, valued at approximately $639,028.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.
Voya Financial Company Profile
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.
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