Leeward Investments LLC MA Invests $19.27 Million in Voya Financial, Inc. (NYSE:VOYA)

Leeward Investments LLC MA bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 243,228 shares of the asset manager’s stock, valued at approximately $19,269,000. Leeward Investments LLC MA owned 0.25% of Voya Financial as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Voya Financial by 1,020.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after buying an additional 2,156,773 shares during the period. Boston Partners grew its position in Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after acquiring an additional 1,151,822 shares in the last quarter. Vanguard Group Inc. grew its position in Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after acquiring an additional 644,216 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Voya Financial during the second quarter worth $13,013,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VOYA shares. Royal Bank of Canada boosted their price objective on shares of Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Barclays increased their price target on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Piper Sandler lifted their price objective on Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target for the company. in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

Voya Financial Price Performance

NYSE VOYA opened at $82.93 on Thursday. The company has a 50-day moving average price of $77.71 and a two-hundred day moving average price of $73.53. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $83.93.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.50%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 earnings per share. Analysts forecast that Voya Financial, Inc. will post 8.28 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

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.