Prospector Partners LLC Has $8.23 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Prospector Partners LLC boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,632 shares of the asset manager’s stock after purchasing an additional 740 shares during the quarter. Prospector Partners LLC owned about 0.12% of Voya Financial worth $8,227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VOYA. Hohimer Wealth Management LLC boosted its holdings in shares of Voya Financial by 1.7% during the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock worth $625,000 after buying an additional 140 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in shares of Voya Financial by 56.2% during the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after acquiring an additional 149 shares during the period. Arjuna Capital grew its position in shares of Voya Financial by 0.8% in the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock valued at $1,401,000 after purchasing an additional 161 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Voya Financial by 5.3% during the first quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock worth $398,000 after purchasing an additional 272 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in Voya Financial by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 36,528 shares of the asset manager’s stock worth $2,700,000 after purchasing an additional 300 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company decreased their price target on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Evercore ISI raised their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Jefferies Financial Group boosted their price target on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $83.64.

Voya Financial Stock Down 1.6 %

Shares of VOYA opened at $76.62 on Friday. The firm has a 50 day simple moving average of $70.58 and a two-hundred day simple moving average of $71.31. The company has a market cap of $7.72 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.56 and a beta of 1.03. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $78.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. Voya Financial’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 EPS. Research analysts forecast that Voya Financial, Inc. will post 8.45 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th will be paid a $0.45 dividend. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, August 27th. Voya Financial’s dividend payout ratio (DPR) is presently 25.57%.

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.