Massachusetts Financial Services Co. MA Has $180.64 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Massachusetts Financial Services Co. MA trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,665,825 shares of the asset manager's stock after selling 8,011 shares during the period. Massachusetts Financial Services Co. MA owned about 2.77% of Voya Financial worth $180,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trail Ridge Investment Advisors LLC raised its holdings in shares of Voya Financial by 2.7% during the first quarter. Trail Ridge Investment Advisors LLC now owns 10,027 shares of the asset manager's stock worth $679,000 after acquiring an additional 262 shares in the last quarter. A&I Financial Services LLC raised its holdings in Voya Financial by 42.5% during the first quarter. A&I Financial Services LLC now owns 8,100 shares of the asset manager's stock valued at $549,000 after buying an additional 2,414 shares in the last quarter. CWM LLC raised its holdings in Voya Financial by 36.9% during the first quarter. CWM LLC now owns 2,139 shares of the asset manager's stock valued at $145,000 after buying an additional 577 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Voya Financial by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the asset manager's stock valued at $1,830,000 after buying an additional 300 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in Voya Financial by 0.9% during the first quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager's stock valued at $1,560,000 after buying an additional 200 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction dated 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 directly owned 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on VOYA shares. Barclays raised their target price on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. UBS Group cut their target price on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Morgan Stanley set a $89.00 target price on Voya Financial and gave the company an "overweight" rating in a report on Monday. Finally, Wells Fargo & Company raised their target price on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. 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, the company currently has a consensus rating of "Hold" and an average price target of $83.83.

Voya Financial Stock Performance

Shares of Voya Financial stock traded down $0.27 during trading on Friday, reaching $72.14. The company's stock had a trading volume of 69,268 shares, compared to its average volume of 883,208. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. The business's fifty day moving average price is $68.96 and its 200-day moving average price is $67.43. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Voya Financial, Inc. has a one year low of $52.43 and a one year 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. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business earned $1.77 earnings per share. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

About Voya Financial

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.