Cascade Investment Advisors Inc. Raises Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Cascade Investment Advisors Inc. boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,625 shares of the asset manager's stock after purchasing an additional 5,420 shares during the period. Cascade Investment Advisors Inc.'s holdings in Voya Financial were worth $1,736,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in Voya Financial by 8,582.2% in the 1st quarter. GAMMA Investing LLC now owns 104,621 shares of the asset manager's stock worth $7,089,000 after purchasing an additional 103,416 shares in the last quarter. Versant Capital Management Inc raised its position in Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after purchasing an additional 773 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Voya Financial during the fourth quarter worth $415,000. Worldquant Millennium Advisors LLC raised its holdings in shares of Voya Financial by 37.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 8,006 shares of the asset manager's stock worth $551,000 after buying an additional 2,177 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in Voya Financial during the fourth quarter worth about $250,000. Institutional investors own 96.10% of the company's stock.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the transaction, the director now directly owns 355 shares of the company's stock, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.99% of the company's stock.

Analysts Set New Price Targets

VOYA has been the topic of several recent research reports. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Barclays set a $70.00 price objective on shares of Voya Financial in a report on Wednesday, May 7th. Wells Fargo & Company upped their price target on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley raised their price target on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Voya Financial currently has an average rating of "Hold" and an average target price of $81.92.

Voya Financial Price Performance

VOYA traded up $0.34 during midday trading on Thursday, hitting $65.96. The stock had a trading volume of 113,032 shares, compared to its average volume of 872,679. The company has a market cap of $6.35 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The business has a fifty day moving average of $62.57 and a 200 day moving average of $68.62.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $1.77 EPS. Voya Financial's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is currently 33.96%.

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.