Home / FINANCIAL NEWS / Metropolitan Life Insurance Co. NY Has $222,000 Position in Voya Financial, Inc. (VOYA)

Metropolitan Life Insurance Co. NY Has $222,000 Position in Voya Financial, Inc. (VOYA)

Metropolitan Life Insurance Co. NY maintained its stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,857 shares of the asset manager’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Voya Financial were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VOYA. BlackRock Inc. raised its position in shares of Voya Financial by 3,875.4% in the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock valued at $404,319,000 after buying an additional 10,383,288 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Voya Financial by 549.1% in the first quarter. JPMorgan Chase & Co. now owns 4,418,219 shares of the asset manager’s stock valued at $167,716,000 after buying an additional 3,737,596 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Voya Financial by 88.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock valued at $95,841,000 after buying an additional 1,187,263 shares during the last quarter. Bank of America Corp DE raised its position in shares of Voya Financial by 87.9% in the first quarter. Bank of America Corp DE now owns 2,042,884 shares of the asset manager’s stock valued at $77,548,000 after buying an additional 955,465 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Voya Financial by 242.0% in the first quarter. Morgan Stanley now owns 1,166,943 shares of the asset manager’s stock valued at $44,296,000 after buying an additional 825,737 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Shares of Voya Financial, Inc. (VOYA) traded up 1.17% during midday trading on Wednesday, reaching $38.13. 274,303 shares of the company’s stock were exchanged. The company’s market cap is $6.85 billion. The firm has a 50 day moving average price of $38.33 and a 200 day moving average price of $37.99. Voya Financial, Inc. has a 12 month low of $27.73 and a 12 month high of $42.96.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.18. The business had revenue of $272.90 million for the quarter, compared to the consensus estimate of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period last year, the business posted $0.79 EPS. Equities research analysts forecast that Voya Financial, Inc. will post $3.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.

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VOYA has been the topic of several research analyst reports. BidaskClub lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. Citigroup Inc. set a $51.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Monday, May 8th. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price target on shares of Voya Financial in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Voya Financial presently has a consensus rating of “Buy” and a consensus price target of $46.11.

In other Voya Financial news, Chairman Rodney O. Martin, Jr. bought 8,475 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average price of $35.29 per share, with a total value of $299,082.75. Following the purchase, the chairman now owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael S. Smith bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $176,200.00. Following the purchase, the insider now directly owns 69,142 shares in the company, valued at approximately $2,436,564.08. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by company insiders.

Voya Financial Company 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.

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

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