Two Sigma Investments LP Sells 18,713 Shares of Voya Financial, Inc. (NYSE:VOYA)

Two Sigma Investments LP decreased its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 245,185 shares of the asset manager's stock after selling 18,713 shares during the period. Two Sigma Investments LP owned about 0.25% of Voya Financial worth $16,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after buying an additional 327 shares during the period. Quarry LP purchased a new position in shares of Voya Financial during the 4th quarter valued at $37,000. R Squared Ltd purchased a new position in shares of Voya Financial during the 4th quarter valued at $41,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Voya Financial by 45.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on VOYA. Keefe, Bruyette & Woods boosted their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays set a $70.00 price target on shares of Voya Financial in a report on Wednesday, May 7th. Morgan Stanley boosted their price target on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wells Fargo & Company boosted their price target on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, UBS Group lowered their price target 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $81.92.

Voya Financial Stock Down 0.6%

Shares of VOYA stock traded down $0.38 on Wednesday, hitting $66.84. The company's stock had a trading volume of 83,186 shares, compared to its average volume of 874,536. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The firm's fifty day moving average price is $62.88 and its 200-day moving average price is $69.19. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.48 and a beta of 0.95.

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 analyst estimates of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business's revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. Research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is 33.96%.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the transaction, the director now owns 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company's stock.

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.