Gargoyle Investment Advisor L.L.C. held its position in Voya Financial Inc. (NYSE:VOYA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,721 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Voya Financial were worth $2,146,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayesian Capital Management LP purchased a new position in shares of Voya Financial during the first quarter worth approximately $307,000. Pegasus Partners Ltd. purchased a new position in shares of Voya Financial during the first quarter worth approximately $449,000. Shell Asset Management Co. boosted its position in shares of Voya Financial by 76.1% in the second quarter. Shell Asset Management Co. now owns 18,340 shares of the company’s stock worth $454,000 after buying an additional 7,928 shares in the last quarter. Strs Ohio boosted its position in shares of Voya Financial by 22.0% in the second quarter. Strs Ohio now owns 19,966 shares of the company’s stock worth $494,000 after buying an additional 3,601 shares in the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in shares of Voya Financial by 712.5% in the first quarter. BlueMountain Capital Management LLC now owns 17,444 shares of the company’s stock worth $519,000 after buying an additional 15,297 shares in the last quarter. 96.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Voya Financial Inc. (NYSE:VOYA) traded up 0.21% during trading on Monday, reaching $28.88. The company’s stock had a trading volume of 1,640,154 shares. Voya Financial Inc. has a 12-month low of $22.75 and a 12-month high of $42.45. The company has a market cap of $5.78 billion, a PE ratio of 21.44 and a beta of 1.55. The company has a 50 day moving average of $28.75 and a 200 day moving average of $29.06.
Voya Financial (NYSE:VOYA) last released its earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same period in the prior year, the business posted $0.78 EPS. On average, analysts anticipate that Voya Financial Inc. will post $3.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.14%. The ex-dividend date was Monday, August 29th. Voya Financial’s dividend payout ratio is currently 2.86%.
A number of brokerages have recently commented on VOYA. Wells Fargo & Co. began coverage on Voya Financial in a research report on Thursday, September 22nd. They set a “market perform” rating on the stock. Zacks Investment Research raised Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Goldman Sachs Group Inc. cut Voya Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $39.00 to $29.00 in a research report on Friday, July 15th. Deutsche Bank AG dropped their price target on Voya Financial from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, TheStreet cut Voya Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.73.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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