Aigen Investment Management LP Boosts Holdings in Voya Financial, Inc. (NYSE:VOYA)

Aigen Investment Management LP lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 14.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,533 shares of the asset manager’s stock after purchasing an additional 800 shares during the period. Aigen Investment Management LP’s holdings in Voya Financial were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Voya Financial by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after purchasing an additional 644,216 shares in the last quarter. Boston Partners raised its position in shares of 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 buying an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 worth $146,234,000 after acquiring an additional 248,795 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock valued at $46,376,000 after acquiring an additional 148,810 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE:VOYA opened at $81.35 on Friday. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50 day moving average price of $79.09 and a 200 day moving average price of $74.05. The stock has a market capitalization of $7.83 billion, a P/E ratio of 12.95, a PEG ratio of 0.59 and a beta of 1.03.

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. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Voya Financial, Inc. will post 8.21 EPS for the current year.

Voya Financial Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.21%. Voya Financial’s dividend payout ratio is presently 28.66%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Bank of America boosted their target price on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Royal Bank of Canada raised their target price on Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group boosted their price target on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

About Voya Financial

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.