Teachers Retirement System of The State of Kentucky Grows Position in Voya Financial, Inc. $VOYA

Key Points

• Teachers Retirement System of the State of Kentucky increased its Voya stake by 21.4% in Q4, adding 40,900 shares to hold 231,972 shares (0.24% of the company) worth about $17.28 million.
• Q4 results: Voya reported $1.94 EPS (missed estimates by $0.17) while revenue rose 5% year-over-year to $2.01 billion, with a net margin of 7.99% and ROE of ~13.96%.
• Stock profile and sentiment: VOYA has a ~$7.44 billion market cap, a PE of 12.8, pays a $1.88 annual dividend (2.3% yield, ~29.9% payout ratio), and carries a consensus "Moderate Buy" price target of $85.50 from analysts.

Teachers Retirement System of The State of Kentucky boosted its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,972 shares of the asset manager's stock after acquiring an additional 40,900 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.24% of Voya Financial worth $17,280,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Voya Financial in the 3rd quarter valued at approximately $26,000. Allworth Financial LP lifted its position in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock worth $26,000 after purchasing an additional 151 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial during the fourth quarter worth $33,000. Rothschild Investment LLC increased its holdings in Voya Financial by 5,180.0% in the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager's stock valued at $39,000 after buying an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager's stock valued at $39,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

NYSE VOYA opened at $80.52 on Monday. The company has a fifty day moving average of $70.13 and a two-hundred day moving average of $72.53. The company has a market capitalization of $7.44 billion, a PE ratio of 12.80, a P/E/G ratio of 0.54 and a beta of 0.86. Voya Financial, Inc. has a 1 year low of $57.74 and a 1 year high of $80.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. As a group, analysts expect that Voya Financial, Inc. will post 9.74 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th were paid a $0.47 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Voya Financial's payout ratio is currently 29.89%.

Analyst Ratings Changes

VOYA has been the subject of a number of recent analyst reports. Evercore decreased their price target on Voya Financial from $90.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, February 4th. Keefe, Bruyette & Woods cut their target price on Voya Financial from $82.00 to $81.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Morgan Stanley decreased their target price on Voya Financial from $93.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on Voya Financial from $85.00 to $80.00 and set an "equal weight" rating for the company in a report on Friday, April 10th. Finally, UBS Group dropped their price target on shares of Voya Financial from $90.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.50.

About Voya Financial

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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