Harbour Capital Advisors LLC Takes $207,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Harbour Capital Advisors LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,870 shares of the asset manager’s stock, valued at approximately $207,000.

Several other large investors have also recently bought and sold shares of the business. Chilton Capital Management LLC acquired a new position in Voya Financial in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in Voya Financial in the fourth quarter valued at approximately $49,000. Mather Group LLC. purchased a new position in shares of Voya Financial during the first quarter worth approximately $85,000. KBC Group NV raised its position in Voya Financial by 50.6% in the 4th quarter. KBC Group NV now owns 1,871 shares of the asset manager’s stock valued at $137,000 after purchasing an additional 629 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in Voya Financial during the 4th quarter worth $213,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.2 %

VOYA stock opened at $71.15 on Friday. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.00. The stock has a market capitalization of $7.16 billion, a P/E ratio of 10.11, a PEG ratio of 0.50 and a beta of 1.07. The company has a 50 day moving average price of $72.66 and a two-hundred day moving average price of $71.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.80 billion. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $1.69 EPS. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.53 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th were issued a $0.40 dividend. The ex-dividend date was Friday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. Voya Financial’s dividend payout ratio (DPR) is presently 22.73%.

Insider Buying and Selling

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VOYA. Wells Fargo & Company increased their price target on shares of Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Evercore ISI increased their price objective on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Jefferies Financial Group boosted their target price on shares of Voya Financial from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Friday. Piper Sandler increased their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Morgan Stanley decreased their price objective on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.89.

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.