As Voya Financial INC (VOYA) Shares Declined, Holder Snow Capital Management LP Trimmed Its Holding

October 13, 2018 - By Michael Collier

Voya Financial, Inc. (NYSE:VOYA) LogoInvestors sentiment increased to 0.92 in Q2 2018. Its up 0.06, from 0.86 in 2018Q1. It improved, as 38 investors sold VOYA shares while 120 reduced holdings. 46 funds opened positions while 99 raised stakes. 160.60 million shares or 7.94% less from 174.45 million shares in 2018Q1 were reported. Clearbridge Invests Ltd Com reported 1.24M shares. 6,715 were accumulated by Reliance Of Delaware. Smithfield Tru has invested 0% in Voya Financial, Inc. (NYSE:VOYA). Credit Suisse Ag reported 658,758 shares stake. 294,897 are held by California State Teachers Retirement Sys. Manufacturers Life Insur Com The, a Ontario – Canada-based fund reported 425,470 shares. Sei Invests holds 165,275 shares or 0.03% of its portfolio. Glenmede Trust Na holds 6,570 shares or 0% of its portfolio. Connecticut-based Quantitative Systematic Strategies Lc has invested 0.36% in Voya Financial, Inc. (NYSE:VOYA). Gideon Advsrs invested in 0.14% or 5,761 shares. Point72 Asset Limited Partnership, Connecticut-based fund reported 1.31M shares. 14,000 are owned by Numerixs Investment Techs. Metropolitan Life Insurance Commerce New York stated it has 0% of its portfolio in Voya Financial, Inc. (NYSE:VOYA). Pzena Mgmt Llc owns 10.14 million shares. Eagle Glob Advisors Limited Liability holds 0.01% in Voya Financial, Inc. (NYSE:VOYA) or 5,000 shares.

Since May 1, 2018, it had 1 insider purchase, and 0 insider sales for $698,439 activity.

Snow Capital Management Lp decreased its stake in Voya Financial Inc (VOYA) by 5.21% based on its latest 2018Q2 regulatory filing with the SEC. Snow Capital Management Lp sold 68,094 shares as the company’s stock declined 7.47% while stock markets rallied. The institutional investor held 1.24M shares of the finance company at the end of 2018Q2, valued at $58.29M, down from 1.31 million at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in Voya Financial Inc for a number of months, seems to be less bullish one the $7.62B market cap company. The stock increased 0.44% or $0.21 during the last trading session, reaching $47.47. About 1.65 million shares traded or 25.08% up from the average. Voya Financial, Inc. (NYSE:VOYA) has risen 28.69% since October 13, 2017 and is uptrending. It has outperformed by 13.07% the S&P500.

Snow Capital Management Lp, which manages about $3.43 billion and $2.18B US Long portfolio, upped its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 159,115 shares to 271,125 shares, valued at $8.08 million in 2018Q2, according to the filing. It also increased its holding in Skechers U.S.A. Inc (NYSE:SKX) by 190,805 shares in the quarter, for a total of 239,855 shares, and has risen its stake in Ncr Corp (NYSE:NCR).

Analysts await Voya Financial, Inc. (NYSE:VOYA) to report earnings on October, 30. They expect $1.17 EPS, up 129.41 % or $0.66 from last year’s $0.51 per share. VOYA’s profit will be $187.86M for 10.14 P/E if the $1.17 EPS becomes a reality. After $1.13 actual EPS reported by Voya Financial, Inc. for the previous quarter, Wall Street now forecasts 3.54 % EPS growth.

More notable recent Voya Financial, Inc. (NYSE:VOYA) news were published by: Businesswire.com which released: “Voya Honors New London, Minnesota, Teachers with First-Place Unsung Heroes Program Award” on October 08, 2018, also Seekingalpha.com with their article: “Voya Financial cash tender offer for debt prices” published on September 18, 2018, Businesswire.com published: “Voya Financial Announces Final Results of Cash Tender Offers for Debt Securities” on October 02, 2018. More interesting news about Voya Financial, Inc. (NYSE:VOYA) were released by: Seekingalpha.com and their article: “Voya calls to redeem $125M of notes” published on October 04, 2018 as well as Businesswire.com‘s news article titled: “Voya Financial Schedules Announcement of Third-Quarter 2018 Results” with publication date: October 03, 2018.

Voya Financial, Inc. (NYSE:VOYA) Ratings Coverage

Among 6 analysts covering Voya Financial (NYSE:VOYA), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Voya Financial had 8 analyst reports since April 17, 2018 according to SRatingsIntel. Morgan Stanley maintained Voya Financial, Inc. (NYSE:VOYA) rating on Wednesday, May 2. Morgan Stanley has “Overweight” rating and $60 target. Goldman Sachs maintained Voya Financial, Inc. (NYSE:VOYA) on Wednesday, June 20 with “Neutral” rating. BTIG Research maintained the shares of VOYA in report on Wednesday, May 2 with “Buy” rating. The rating was maintained by Deutsche Bank on Tuesday, April 17 with “Buy”. As per Monday, July 9, the company rating was maintained by Barclays Capital. Credit Suisse maintained it with “Outperform” rating and $62 target in Friday, August 17 report.

Voya Financial, Inc. (NYSE:VOYA) Institutional Positions Chart

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