Bessemer Group Inc. Boosts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Bessemer Group Inc. lifted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 142.9% in the first quarter, HoldingsChannel reports. The firm owned 1,343 shares of the asset manager’s stock after purchasing an additional 790 shares during the quarter. Bessemer Group Inc.’s holdings in Voya Financial were worth $91,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 183 shares in the last quarter. Fifth Third Bancorp lifted its position in Voya Financial by 13.7% in the first quarter. Fifth Third Bancorp now owns 1,747 shares of the asset manager’s stock worth $118,000 after buying an additional 211 shares during the last quarter. FCA Corp TX lifted its position in Voya Financial by 0.5% in the fourth quarter. FCA Corp TX now owns 39,118 shares of the asset manager’s stock worth $2,692,000 after buying an additional 212 shares during the last quarter. Atria Investments Inc lifted its position in Voya Financial by 3.6% in the fourth quarter. Atria Investments Inc now owns 6,840 shares of the asset manager’s stock worth $471,000 after buying an additional 236 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in Voya Financial by 5.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,427 shares of the asset manager’s stock worth $300,000 after buying an additional 237 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company raised their price target on Voya Financial from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $88.00 price target (up from $86.00) on shares of Voya Financial in a research report on Tuesday, June 24th. Keefe, Bruyette & Woods raised their price target on Voya Financial from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Finally, UBS Group lowered their price target on Voya Financial from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Voya Financial has an average rating of “Hold” and an average price target of $82.08.

Voya Financial Stock Up 0.3%

NYSE:VOYA opened at $72.90 on Friday. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.65 and a beta of 1.00. The stock has a fifty day simple moving average of $66.67 and a 200-day simple moving average of $67.10. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $1.77 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.47%. Voya Financial’s dividend payout ratio (DPR) is 33.96%.

Insider Buying and Selling at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the transaction, the director owned 355 shares in the company, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.99% of the company’s stock.

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.