AIA Group Ltd Purchases New Position in Voya Financial, Inc. (NYSE:VOYA)

AIA Group Ltd acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,167 shares of the asset manager’s stock, valued at approximately $218,000.

Several other institutional investors have also modified their holdings of the stock. Impax Asset Management Group plc boosted its position in shares of Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after purchasing an additional 2,131,578 shares during the period. Norges Bank purchased a new stake in Voya Financial in the fourth quarter valued at approximately $96,508,000. Wealthfront Advisers LLC acquired a new stake in shares of Voya Financial in the fourth quarter valued at approximately $67,214,000. Bank of New York Mellon Corp grew its position in shares of Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after acquiring an additional 876,399 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Voya Financial in the 4th quarter valued at $47,155,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 0.3 %

VOYA opened at $67.95 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The stock has a market capitalization of $6.49 billion, a P/E ratio of 11.10, a P/E/G ratio of 0.48 and a beta of 1.03. The business has a 50 day simple moving average of $70.38 and a 200-day simple moving average of $74.34.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

VOYA has been the subject of a number of recent research reports. Evercore ISI decreased their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Bank of America reiterated an “underperform” rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $76.00 to $87.00 in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.45.

Voya Financial Company 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.