Man Group plc Acquires Shares of 60,305 Voya Financial, Inc. $VOYA

Man Group plc purchased a new position in Voya Financial, Inc. (NYSE:VOYA) during the second quarter, HoldingsChannel reports. The fund purchased 60,305 shares of the asset manager’s stock, valued at approximately $5,459,000.

Several other hedge funds also recently bought and sold shares of VOYA. Royal Bank of Canada increased its stake in shares of Voya Financial by 21.7% during the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after acquiring an additional 15,091 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Voya Financial by 8.4% in the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after purchasing an additional 51,376 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Voya Financial by 13.5% in the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after buying an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Voya Financial by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after acquiring an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Morgan Stanley upped their price target on shares of Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Weiss Ratings lowered Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. UBS Group raised their target price on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, TD Cowen raised their target price on Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.85.

Voya Financial Stock Up 1.2%

VOYA opened at $102.34 on Friday. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85. The stock has a market cap of $9.27 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. The stock’s fifty day simple moving average is $97.76 and its 200 day simple moving average is $83.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. As a group, research analysts expect that Voya Financial, Inc. will post 9.25 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is 31.70%.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by insiders.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.