Voya Financial Inc (NYSE:VOYA) Stake Decreased by Overbrook Management Corp

Overbrook Management Corp lessened its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 8.9% during the 1st quarter, HoldingsChannel reports. The firm owned 27,101 shares of the asset manager’s stock after selling 2,658 shares during the period. Overbrook Management Corp’s holdings in Voya Financial were worth $1,354,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in shares of Voya Financial by 0.8% during the 4th quarter. Amalgamated Bank now owns 30,183 shares of the asset manager’s stock valued at $1,212,000 after purchasing an additional 240 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Voya Financial by 3.1% during the 4th quarter. M&T Bank Corp now owns 8,298 shares of the asset manager’s stock valued at $332,000 after purchasing an additional 253 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Voya Financial by 3.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,001 shares of the asset manager’s stock valued at $522,000 after purchasing an additional 486 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Voya Financial by 1.5% during the 1st quarter. Bank of Montreal Can now owns 33,697 shares of the asset manager’s stock valued at $1,682,000 after purchasing an additional 507 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Voya Financial by 0.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 95,423 shares of the asset manager’s stock valued at $3,680,000 after purchasing an additional 549 shares in the last quarter.

VOYA has been the topic of several recent analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $66.00 price objective (up previously from $59.00) on shares of Voya Financial in a report on Tuesday, March 26th. TheStreet upgraded Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada lifted their price objective on Voya Financial to $60.00 and gave the company a “positive” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $57.00.

In other Voya Financial news, insider Patricia J. Walsh sold 1,870 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $53.69, for a total transaction of $100,400.30. Following the transaction, the insider now owns 27,488 shares of the company’s stock, valued at approximately $1,475,830.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nancy Ferrara sold 26,138 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $52.00, for a total value of $1,359,176.00. Following the transaction, the insider now directly owns 9,500 shares in the company, valued at approximately $494,000. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by company insiders.

Voya Financial stock traded down $0.61 during midday trading on Wednesday, reaching $53.80. The stock had a trading volume of 12,240 shares, compared to its average volume of 1,452,036. Voya Financial Inc has a 1-year low of $36.66 and a 1-year high of $55.61. The firm has a market cap of $7.78 billion, a PE ratio of 13.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, May 7th. The asset manager reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Voya Financial had a net margin of 5.64% and a return on equity of 8.45%. The firm had revenue of $194.00 million during the quarter, compared to analyst estimates of $272.72 million. During the same period in the prior year, the business posted $1.03 EPS. As a group, equities research analysts predict that Voya Financial Inc will post 5.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, May 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date is Thursday, May 30th. Voya Financial’s dividend payout ratio is presently 0.99%.

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Voya Financial Company Profile

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

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

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