Leeward Investments LLC MA Lowers Holdings in Voya Financial, Inc. (NYSE:VOYA)

Leeward Investments LLC MA lessened its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 217,880 shares of the asset manager's stock after selling 7,990 shares during the quarter. Leeward Investments LLC MA owned approximately 0.23% of Voya Financial worth $14,764,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VOYA. Kelly Financial Group LLC bought a new position in Voya Financial during the 1st quarter worth approximately $270,680,000. Norges Bank acquired a new stake in Voya Financial during the 4th quarter worth approximately $96,508,000. Wealthfront Advisers LLC acquired a new stake in Voya Financial during the 4th quarter worth approximately $67,214,000. First Trust Advisors LP raised its holdings in Voya Financial by 52.9% during the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock worth $98,950,000 after buying an additional 497,348 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in Voya Financial by 278.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager's stock worth $31,717,000 after buying an additional 339,139 shares during the period. Institutional investors own 96.10% of the company's stock.

Insider Buying and Selling

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 value of $112,506.00. Following the completion of the sale, the director directly owned 355 shares in the company, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.37% of the company's stock.

Voya Financial Price Performance

Shares of Voya Financial stock traded down $0.51 on Monday, reaching $72.39. The stock had a trading volume of 1,240,228 shares, compared to its average volume of 886,517. 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 business's 50 day moving average is $66.95 and its two-hundred day moving average is $67.15. The company has a market cap of $6.96 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. 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 issued its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $1.77 earnings per share. The business's quarterly revenue was down 4.0% on a year-over-year basis. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.49%. Voya Financial's payout ratio is 33.96%.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Bank of America restated an "underperform" rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $88.00 target price (up previously from $86.00) on shares of Voya Financial in a research report on Tuesday, June 24th. 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's stock. According to MarketBeat.com, Voya Financial currently has an average rating of "Hold" and an average price target of $82.50.

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.