Covey Capital Advisors LLC maintained its stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 321,790 shares of the company’s stock at the end of the third quarter. Voya Financial comprises about 5.0% of Covey Capital Advisors LLC’s investment portfolio, making the stock its 7th largest position. Covey Capital Advisors LLC’s holdings in Voya Financial were worth $9,274,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Voya Financial by 16.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 378,896 shares of the company’s stock valued at $9,379,000 after buying an additional 54,864 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Voya Financial by 76.1% in the second quarter. Shell Asset Management Co. now owns 18,340 shares of the company’s stock valued at $454,000 after buying an additional 7,928 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Voya Financial during the second quarter valued at approximately $8,439,000. Artemis Investment Management LLP acquired a new stake in shares of Voya Financial during the second quarter valued at approximately $828,000. Finally, Tillar Wenstrup Advisors LLC raised its stake in shares of Voya Financial by 3.9% in the second quarter. Tillar Wenstrup Advisors LLC now owns 80,143 shares of the company’s stock valued at $1,984,000 after buying an additional 3,033 shares in the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.
Shares of Voya Financial, Inc. (NYSE:VOYA) opened at 40.62 on Wednesday. The firm’s 50-day moving average price is $39.94 and its 200 day moving average price is $32.46. The firm’s market capitalization is $7.91 billion. Voya Financial, Inc. has a 12 month low of $22.75 and a 12 month high of $41.17.
Voya Financial (NYSE:VOYA) last issued its earnings results on Wednesday, November 2nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. The firm earned $160.40 million during the quarter, compared to the consensus estimate of $306.80 million. Voya Financial had a negative net margin of 0.02% and a positive return on equity of 3.37%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Analysts anticipate that Voya Financial, Inc. will post $2.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Wednesday, November 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, November 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. Voya Financial’s payout ratio is currently -400.00%.
A number of equities analysts recently issued reports on the company. J P Morgan Chase & Co lowered Voya Financial from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $38.00 to $39.00 in a research note on Tuesday, January 3rd. Deutsche Bank AG restated a “buy” rating and issued a $37.00 target price (down previously from $38.00) on shares of Voya Financial in a research note on Friday, November 4th. TheStreet lowered Voya Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. RBC Capital Markets lowered Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Company upgraded Voya Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, January 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $37.20.
In related news, insider Nancy Ferrara sold 1,395 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $35.67, for a total transaction of $49,759.65. Following the completion of the transaction, the insider now owns 17,915 shares in the company, valued at $639,028.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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