6,453 Shares in Voya Financial, Inc. $VOYA Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 6,453 shares of Voya Financial, valued at approximately $434,000 during the first quarter, highlighting institutional interest in the company.
• Equities analysts are optimistic, with target price increases from firms like Evercore ISI, JPMorgan Chase, and UBS Group, indicating a potential upside for Voya Financial's stock.
• Voya Financial announced a quarterly dividend of $0.45 per share, which translates to an annualized yield of 2.4%, reflecting healthy financial management amid slight revenue declines.

United Services Automobile Association purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,453 shares of the asset manager's stock, valued at approximately $434,000.

A number of other hedge funds have also modified their holdings of VOYA. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Voya Financial in the first quarter worth $47,000. Versant Capital Management Inc increased its position in Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after buying an additional 773 shares during the last quarter. Blue Trust Inc. increased its position in Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock worth $64,000 after buying an additional 256 shares during the last quarter. Bessemer Group Inc. increased its position in Voya Financial by 142.9% during the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock worth $91,000 after buying an additional 790 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Voya Financial by 196.7% during the first quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager's stock worth $98,000 after buying an additional 958 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Price Performance

VOYA traded down $1.42 during midday trading on Tuesday, reaching $75.67. 204,113 shares of the company's stock were exchanged, compared to its average volume of 922,485. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The business has a 50-day simple moving average of $73.37 and a two-hundred day simple moving average of $68.20.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $2.18 earnings per share. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, research analysts predict 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 Friday, September 26th. Stockholders of record on Tuesday, August 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Voya Financial's payout ratio is 36.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VOYA shares. JPMorgan Chase & Co. raised their price target on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their price target on Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Morgan Stanley lifted their target price on Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Evercore ISI lifted their target price on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company lifted their target price on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Voya Financial presently has an average rating of "Moderate Buy" and an average price target of $83.70.

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.