Crestline Management LP grew its position in Voya Financial Inc (NYSE:VOYA) by 58.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,623 shares of the asset manager’s stock after purchasing an additional 81,920 shares during the period. Voya Financial comprises about 1.1% of Crestline Management LP’s portfolio, making the stock its 4th largest position. Crestline Management LP’s holdings in Voya Financial were worth $10,964,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Voya Financial by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock worth $276,000 after buying an additional 321 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Voya Financial by 92.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock worth $103,000 after buying an additional 1,008 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Voya Financial by 12.9% during the fourth quarter. CIBC Asset Management Inc now owns 9,028 shares of the asset manager’s stock worth $447,000 after buying an additional 1,028 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Voya Financial by 0.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 255,423 shares of the asset manager’s stock worth $12,636,000 after buying an additional 1,147 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Voya Financial by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,000 shares of the asset manager’s stock worth $2,844,000 after buying an additional 1,400 shares during the last quarter.
Voya Financial Inc (VOYA) remained flat at $$54.15 on Wednesday. The stock had a trading volume of 201,730 shares, compared to its average volume of 2,457,382. The stock has a market cap of $9,283.04, a PE ratio of -3.24, a P/E/G ratio of 0.69 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.18 and a quick ratio of 0.18. Voya Financial Inc has a 1-year low of $33.53 and a 1-year high of $54.87.
Voya Financial declared that its board has approved a share repurchase plan on Tuesday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be given a $0.01 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. Voya Financial’s dividend payout ratio (DPR) is currently -0.24%.
In other news, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total value of $283,316.00. Following the completion of the transaction, the insider now directly owns 14,577 shares in the company, valued at $753,630.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin D. Silva sold 895 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total transaction of $45,439.15. Following the completion of the transaction, the insider now owns 9,299 shares of the company’s stock, valued at $472,110.23. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on VOYA. Wells Fargo & Co set a $63.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a report on Thursday, March 1st. UBS Group began coverage on shares of Voya Financial in a report on Friday, March 2nd. They set a “buy” rating and a $65.00 price objective for the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a report on Thursday, December 21st. SunTrust Banks raised their price objective on shares of Voya Financial to $54.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, ValuEngine upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.75.
Voya Financial Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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