Voya Financial Inc (VOYA) Shares Sold by Clearbridge LLC

Clearbridge LLC decreased its position in Voya Financial Inc (NYSE:VOYA) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,632 shares of the asset manager’s stock after selling 752 shares during the period. Clearbridge LLC owned approximately 0.07% of Voya Financial worth $4,401,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. raised its holdings in shares of Voya Financial by 457.1% in the 3rd quarter. Prudential Financial Inc. now owns 380,525 shares of the asset manager’s stock valued at $18,901,000 after purchasing an additional 312,225 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Voya Financial in the 4th quarter valued at about $437,000. Stone Ridge Asset Management LLC raised its holdings in shares of Voya Financial by 44.0% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 11,379 shares of the asset manager’s stock valued at $565,000 after purchasing an additional 3,476 shares during the period. Artemis Investment Management LLP raised its holdings in shares of Voya Financial by 50.6% in the 3rd quarter. Artemis Investment Management LLP now owns 944,419 shares of the asset manager’s stock valued at $46,914,000 after purchasing an additional 317,279 shares during the period. Finally, Meiji Yasuda Life Insurance Co bought a new stake in shares of Voya Financial in the 3rd quarter valued at about $547,000. 98.23% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on VOYA. Credit Suisse Group set a $59.00 target price on shares of Voya Financial and gave the company a “buy” rating in a report on Friday, January 25th. ValuEngine raised shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Goldman Sachs Group raised shares of Voya Financial from a “neutral” rating to a “buy” rating and dropped their target price for the company from $60.00 to $54.00 in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Voya Financial from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.78.

In related news, insider Chetlur S. Ragavan sold 13,713 shares of Voya Financial stock in a transaction on Friday, March 8th. The shares were sold at an average price of $48.15, for a total transaction of $660,280.95. Following the completion of the transaction, the insider now owns 57,595 shares of the company’s stock, valued at $2,773,199.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chetlur S. Ragavan sold 1,853 shares of Voya Financial stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $49.98, for a total transaction of $92,612.94. Following the transaction, the insider now directly owns 37,452 shares of the company’s stock, valued at approximately $1,871,850.96. The disclosure for this sale can be found here. Insiders have sold 23,911 shares of company stock valued at $1,175,087 in the last ninety days. Insiders own 0.36% of the company’s stock.

NYSE VOYA opened at $49.99 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of 0.55. The company has a market cap of $7.23 billion, a P/E ratio of 12.37 and a beta of 1.46. Voya Financial Inc has a 1 year low of $36.66 and a 1 year high of $55.27.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 5th. The asset manager reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Voya Financial had a net margin of 10.28% and a return on equity of 8.04%. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities analysts expect that Voya Financial Inc will post 5.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date is Wednesday, February 27th. Voya Financial’s payout ratio is currently 0.99%.

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Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

Further Reading: What is insider trading?

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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