Inscription Capital LLC Invests $457,000 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 the company in its most recent Form 13F filing with the SEC. The institutional investor 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 made changes to their positions in VOYA. Bank of New York Mellon Corp raised its stake in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the period. Kelly Financial Group LLC acquired a new position in shares of Voya Financial during the 1st quarter worth approximately $270,680,000. FMR LLC raised its stake in Voya Financial by 10.5% in the 4th quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock valued at $219,274,000 after acquiring an additional 301,682 shares during the period. Impax Asset Management Group plc raised its stake in Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after acquiring an additional 2,131,578 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Voya Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock valued at $116,058,000 after purchasing an additional 23,818 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group decreased their price objective on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Barclays set a $70.00 price objective on Voya Financial in a report on Wednesday, May 7th. Finally, Morgan Stanley upped their target price on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Voya Financial presently has a consensus rating of "Hold" and a consensus price target of $81.92.

Voya Financial Stock Down 2.1%

NYSE VOYA opened at $66.60 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.57 and a beta of 0.99. The company has a 50 day moving average of $63.70 and a 200-day moving average of $67.62. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The company's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. On average, equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Insider Buying and Selling

In other Voya Financial 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 sale, the director now 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 SEC, which can be accessed through the SEC website. 1.37% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.