Louisiana State Employees Retirement System Buys Shares of 29,300 Voya Financial, Inc. (NYSE:VOYA)

Louisiana State Employees Retirement System bought a new stake in Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 29,300 shares of the asset manager’s stock, valued at approximately $2,138,000.

A number of other large investors have also recently modified their holdings of VOYA. American Century Companies Inc. boosted its holdings in shares of Voya Financial by 73.0% in the 1st quarter. American Century Companies Inc. now owns 32,836 shares of the asset manager’s stock valued at $2,179,000 after purchasing an additional 13,861 shares in the last quarter. HighTower Advisors LLC raised its position in Voya Financial by 6.5% during the 1st quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock worth $262,000 after purchasing an additional 243 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Voya Financial by 41.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,368 shares of the asset manager’s stock worth $290,000 after acquiring an additional 1,270 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Voya Financial by 18.9% in the 1st quarter. Natixis Advisors L.P. now owns 28,056 shares of the asset manager’s stock worth $1,862,000 after acquiring an additional 4,469 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Voya Financial in the 1st quarter worth about $226,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

VOYA has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. StockNews.com raised Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Morgan Stanley lowered their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Finally, Piper Sandler boosted their target price on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average price target of $82.50.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $67.45 on Thursday. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.78. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.45 and a beta of 1.06. The business has a 50-day simple moving average of $69.73 and a 200 day simple moving average of $70.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. On average, research analysts anticipate that Voya Financial, Inc. will post 8.42 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, February 26th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.37%. Voya Financial’s dividend payout ratio (DPR) is currently 29.47%.

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.