Fox Run Management L.L.C. Invests $1.17 Million in Voya Financial, Inc. $VOYA

Key Points

• Fox Run Management L.L.C. has made a new investment of $1.17 million in Voya Financial, acquiring 17,271 shares of the company during the first quarter.
• Voya Financial reported a second-quarter earnings per share (EPS) of $2.40, exceeding analysts' estimates by $0.31, despite a 2.6% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.45 per share, set to be paid on September 26th, representing an annualized yield of 2.4%.

Fox Run Management L.L.C. bought a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,271 shares of the asset manager's stock, valued at approximately $1,170,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kelly Financial Group LLC bought a new stake in Voya Financial during the first quarter worth approximately $270,680,000. Pzena Investment Management LLC lifted its position in shares of Voya Financial by 0.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,599,164 shares of the asset manager's stock worth $243,879,000 after acquiring an additional 32,061 shares during the period. First Trust Advisors LP increased its position in shares of Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after purchasing an additional 497,348 shares during the period. Northern Trust Corp raised its stake in shares of Voya Financial by 14.5% in the fourth quarter. Northern Trust Corp now owns 1,335,463 shares of the asset manager's stock valued at $91,920,000 after purchasing an additional 168,777 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Voya Financial by 2.3% in the fourth quarter. AQR Capital Management LLC now owns 514,878 shares of the asset manager's stock worth $35,439,000 after purchasing an additional 11,804 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Insider Activity at Voya Financial

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

Voya Financial Price Performance

Shares of NYSE VOYA traded up $0.6520 during mid-day trading on Wednesday, hitting $74.9720. 684,686 shares of the stock were exchanged, compared to its average volume of 878,637. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The stock's fifty day simple moving average is $71.05 and its two-hundred day simple moving average is $67.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $7.23 billion, a P/E ratio of 14.99, a PEG ratio of 0.60 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping the consensus estimate of $2.09 by $0.31. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.Voya Financial's revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 EPS. As a group, analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Voya Financial's payout ratio is currently 36.00%.

Analyst Ratings Changes

VOYA has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wells Fargo & Company upped their target price on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Evercore ISI increased their price target on shares of Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada lifted their price objective on Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Voya Financial currently has an average rating of "Hold" and a consensus target price of $83.70.

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.