Leeward Investments LLC MA Has $15.55 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Leeward Investments LLC MA trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,870 shares of the asset manager’s stock after selling 17,358 shares during the quarter. Leeward Investments LLC MA’s holdings in Voya Financial were worth $15,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthspire Advisors LLC lifted its stake in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after acquiring an additional 148 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Voya Financial by 7.1% in the fourth quarter. Handelsbanken Fonder AB now owns 25,700 shares of the asset manager’s stock valued at $1,769,000 after acquiring an additional 1,700 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Truist Financial Corp lifted its stake in Voya Financial by 1.9% in the fourth quarter. Truist Financial Corp now owns 69,417 shares of the asset manager’s stock valued at $4,778,000 after acquiring an additional 1,301 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after acquiring an additional 177 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on VOYA shares. Bank of America reiterated a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods reduced their target price on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their price target on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.55.

Voya Financial Trading Down 2.2 %

Shares of VOYA stock opened at $71.97 on Friday. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm’s fifty day simple moving average is $70.10 and its 200 day simple moving average is $74.32. The firm has a market capitalization of $6.92 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, sell-side analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Voya Financial Company 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.