Voya Financial Inc (NYSE:VOYA) Holdings Lowered by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN lowered its holdings in Voya Financial Inc (NYSE:VOYA) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,893 shares of the asset manager’s stock after selling 7,253 shares during the period. Voya Financial makes up about 3.6% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 8th largest holding. Kirr Marbach & Co. LLC IN owned approximately 0.20% of Voya Financial worth $14,883,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VOYA. Norges Bank acquired a new position in shares of Voya Financial in the 4th quarter valued at approximately $67,212,000. Oregon Public Employees Retirement Fund increased its position in Voya Financial by 2,374.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,574,492 shares of the asset manager’s stock worth $39,000 after purchasing an additional 1,510,857 shares in the last quarter. Scout Investments Inc. increased its position in Voya Financial by 94.9% during the 1st quarter. Scout Investments Inc. now owns 2,336,388 shares of the asset manager’s stock worth $116,726,000 after purchasing an additional 1,137,895 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Voya Financial by 25.8% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,715,088 shares of the asset manager’s stock worth $184,528,000 after purchasing an additional 762,178 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Voya Financial by 50.3% during the 3rd quarter. Clearbridge Investments LLC now owns 1,862,112 shares of the asset manager’s stock worth $92,491,000 after purchasing an additional 622,863 shares in the last quarter.

NYSE:VOYA opened at $53.57 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.17 and a current ratio of 0.17. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $55.61. The firm has a market capitalization of $7.99 billion, a PE ratio of 13.26 and a beta of 1.48.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 7th. The asset manager reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $194.00 million during the quarter, compared to the consensus estimate of $272.72 million. Voya Financial had a net margin of 10.28% and a return on equity of 8.04%. During the same period in the prior year, the company posted $1.03 earnings per share. Equities research analysts forecast that Voya Financial Inc will post 5.55 earnings per share for the current year.

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

In other Voya Financial news, Director Joseph V. Tripodi acquired 1,500 shares of the stock in a transaction on Wednesday, February 13th. The shares were purchased at an average price of $49.45 per share, for a total transaction of $74,175.00. Following the completion of the acquisition, the director now owns 3,500 shares in the company, valued at approximately $173,075. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chetlur S. Ragavan sold 13,713 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $48.15, for a total transaction of $660,280.95. Following the transaction, the insider now owns 57,595 shares in the company, valued at approximately $2,773,199.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,049 shares of company stock worth $2,534,263. 1.69% of the stock is owned by insiders.

A number of research firms recently issued reports on VOYA. Royal Bank of Canada upped their price objective on shares of Voya Financial to $60.00 and gave the stock a “positive” rating in a research report on Thursday. TheStreet upgraded shares of Voya Financial from a “c+” rating to a “b-” rating in a research report on Friday, April 5th. Credit Suisse Group restated an “outperform” rating and issued a $66.00 price target (up from $59.00) on shares of Voya Financial in a research report on Tuesday, March 26th. Finally, ValuEngine upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $58.00.

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About Voya Financial

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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