Point72 Asset Management L.P. Invests $1.16 Million in Voya Financial, Inc. (NYSE:VOYA)

Point72 Asset Management L.P. purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 14,614 shares of the asset manager’s stock, valued at approximately $1,158,000.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial in the third quarter valued at about $29,000. UMB Bank n.a. increased its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the period. Quarry LP bought a new position in shares of Voya Financial in the 2nd quarter worth $61,000. Blue Trust Inc. lifted its stake in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Voya Financial in the 3rd quarter valued at about $79,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $72.22 on Wednesday. The firm has a market cap of $6.95 billion, a PE ratio of 11.50, a P/E/G ratio of 0.56 and a beta of 1.02. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $80.94 and a 200 day moving average price of $75.13.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Sell-side analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s payout ratio is 28.66%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VOYA shares. Royal Bank of Canada increased their target price on shares of Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Morgan Stanley cut their price objective on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Wells Fargo & Company lowered their target price on shares of Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday. Bank of America upped their target price on Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Barclays dropped their price target on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company’s stock.

About Voya Financial

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.