Voya Financial, Inc. $VOYA Holdings Lifted by Sciencast Management LP

Key Points

• Sciencast Management LP increased its stake in Voya Financial by 190.3% in Q1, owning 27,673 shares valued at approximately $1.875 million.
• Voya Financial recently reported earnings of $2.40 per share for Q2, exceeding expectations, with a revenue of $1.98 billion.
• Following recent analyst reports, Voya Financial's stock has an average price target of $83.70 with six analysts giving a "Buy" rating.

Sciencast Management LP grew its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 190.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,673 shares of the asset manager's stock after purchasing an additional 18,142 shares during the period. Sciencast Management LP's holdings in Voya Financial were worth $1,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Voya Financial in the 1st quarter valued at about $47,000. Versant Capital Management Inc grew its position in Voya Financial by 666.4% in the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after buying an additional 773 shares in the last quarter. Blue Trust Inc. grew its position in Voya Financial by 36.9% in the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after buying an additional 256 shares in the last quarter. LRI Investments LLC grew its position in Voya Financial by 26.1% in the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after buying an additional 271 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Voya Financial by 142.9% in the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after buying an additional 790 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VOYA shares. Morgan Stanley increased their target price on shares of Voya Financial from $89.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Evercore ISI raised their target price on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Wells Fargo & Company raised their target price on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, UBS Group raised their target price on Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Voya Financial currently has an average rating of "Hold" and an average price target of $83.70.

Voya Financial Stock Performance

VOYA stock opened at $75.73 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 0.61 and a beta of 1.00. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The firm has a 50 day moving average of $73.00 and a two-hundred day moving average of $68.01.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.31. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The business's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 earnings per share. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Voya Financial's dividend payout ratio is presently 36.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.