Inscription Capital LLC Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Inscription Capital LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,180 shares of the asset manager's stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. CIBC Asset Management Inc boosted its stake in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager's stock valued at $228,000 after acquiring an additional 177 shares during the period. Truist Financial Corp boosted its stake in Voya Financial by 1.9% in the fourth quarter. Truist Financial Corp now owns 69,417 shares of the asset manager's stock valued at $4,778,000 after acquiring an additional 1,301 shares during the period. Venturi Wealth Management LLC boosted its stake in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares during the period. Handelsbanken Fonder AB boosted its stake in Voya Financial by 7.1% in the fourth quarter. Handelsbanken Fonder AB now owns 25,700 shares of the asset manager's stock valued at $1,769,000 after acquiring an additional 1,700 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager's stock valued at $204,000 after acquiring an additional 148 shares during the period. 96.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays set a $70.00 target price on Voya Financial in a research note on Wednesday, May 7th. Bank of America restated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Keefe, Bruyette & Woods lifted their target price on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their target price on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, UBS Group reduced their price objective on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Voya Financial currently has a consensus rating of "Hold" and a consensus price target of $81.92.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.99% of the stock is currently owned by insiders.

Voya Financial Stock Performance

Shares of NYSE VOYA traded up $0.20 during midday trading on Friday, hitting $66.74. 1,062,511 shares of the company's stock were exchanged, compared to its average volume of 884,614. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. The stock's 50 day moving average price is $64.24 and its 200-day moving average price is $67.29. The firm has a market cap of $6.42 billion, a P/E ratio of 12.59, a PEG ratio of 0.56 and a beta of 0.99. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

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, topping analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.70%. Voya Financial's dividend payout ratio (DPR) is 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.