Four Tree Island Advisory LLC Grows Position in Voya Financial, Inc. (NYSE:VOYA)

Four Tree Island Advisory LLC boosted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,858 shares of the asset manager's stock after buying an additional 4,219 shares during the quarter. Voya Financial makes up about 3.1% of Four Tree Island Advisory LLC's investment portfolio, making the stock its 9th largest holding. Four Tree Island Advisory LLC owned approximately 0.07% of Voya Financial worth $4,463,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Voya Financial during the fourth quarter valued at $37,000. Versant Capital Management Inc lifted 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 valued at $60,000 after purchasing an additional 773 shares during the last quarter. Blue Trust Inc. lifted 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 valued at $64,000 after purchasing an additional 256 shares during the last quarter. LRI Investments LLC lifted its position in Voya Financial by 26.1% during the fourth quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after purchasing an additional 271 shares during the last quarter. Finally, Bessemer Group Inc. lifted 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 valued at $91,000 after purchasing an additional 790 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Trading Down 0.7%

Shares of NYSE VOYA traded down $0.51 during mid-day trading on Thursday, reaching $71.87. The company had a trading volume of 258,049 shares, compared to its average volume of 938,834. The business's 50-day moving average is $69.21 and its 200-day moving average is $67.52. 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 stock has a market cap of $6.91 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. Equities analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's payout ratio is 33.96%.

Insider Transactions at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the transaction, the director directly owned 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VOYA has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective 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. JPMorgan Chase & Co. raised their price target on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley set a $89.00 target price on shares of Voya Financial and gave the company an "overweight" rating in a research note on Monday, July 14th. UBS Group reduced their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, Bank of America reissued an "underperform" rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and an average target price of $83.50.

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.