Redwood Investment Management LLC Makes New $1.43 Million Investment in Voya Financial, Inc. (NYSE:VOYA)

Redwood Investment Management LLC acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,781 shares of the asset manager's stock, valued at approximately $1,430,000.

A number of other large investors have also made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the 4th quarter worth approximately $37,000. R Squared Ltd acquired a new stake in shares of Voya Financial during the 4th quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC increased its position in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Price Performance

Shares of NYSE VOYA traded down $1.18 during mid-day trading on Wednesday, hitting $67.94. 386,007 shares of the stock were exchanged, compared to its average volume of 873,452. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The stock's fifty day simple moving average is $63.01 and its two-hundred day simple moving average is $69.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The company has a market cap of $6.54 billion, a P/E ratio of 11.12, a PEG ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last released 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. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $1.77 EPS. Voya Financial's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.65%. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VOYA shares. Bank of America reaffirmed an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays set a $70.00 price objective on shares of Voya Financial in a research note on Wednesday, May 7th. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target 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. Finally, UBS Group cut their price target on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $82.00.

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.