Sei Investments Co. Purchases 20,875 Shares of Voya Financial, Inc. $VOYA

Sei Investments Co. boosted its position in Voya Financial, Inc. (NYSE:VOYA) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,613 shares of the asset manager’s stock after buying an additional 20,875 shares during the quarter. Sei Investments Co.’s holdings in Voya Financial were worth $17,326,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of VOYA. First Trust Advisors LP boosted its position in Voya Financial by 280.8% during the 1st quarter. First Trust Advisors LP now owns 526,864 shares of the asset manager’s stock worth $35,995,000 after acquiring an additional 388,520 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Voya Financial by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager’s stock valued at $184,436,000 after purchasing an additional 248,935 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of Voya Financial in the first quarter worth $1,032,000. California Public Employees Retirement System lifted its position in shares of Voya Financial by 4.5% in the first quarter. California Public Employees Retirement System now owns 204,573 shares of the asset manager’s stock worth $13,976,000 after purchasing an additional 8,722 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Voya Financial by 37.6% during the first quarter. Bessemer Group Inc. now owns 84,340 shares of the asset manager’s stock worth $5,764,000 after purchasing an additional 23,032 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the sale, the insider owned 2,887 shares in the company, valued at $259,830. This represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Voya Financial from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Jefferies Financial Group increased their price objective on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Keefe, Bruyette & Woods lifted their target price on Voya Financial from $92.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price on the stock in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Voya Financial Stock Down 1.3%

Voya Financial stock opened at $98.74 on Thursday. The firm has a market capitalization of $8.95 billion, a PE ratio of 14.91, a P/E/G ratio of 0.92 and a beta of 0.91. The company’s 50-day moving average is $91.50 and its 200-day moving average is $79.96. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $103.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $2.00 EPS. Voya Financial’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Voya Financial, Inc. will post 9.32 earnings per share for the current year.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.