Corsair Capital Management Lowers stake in Voya Financial Inc (VOYA)

Voya Financial Inc (VOYA) : Corsair Capital Management reduced its stake in Voya Financial Inc by 12.9% during the most recent quarter end. The investment management company now holds a total of 919,940 shares of Voya Financial Inc which is valued at $25,316,749 after selling 136,293 shares in Voya Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Voya Financial Inc makes up approximately 3.76% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in VOYA in the latest quarter, The investment management firm added 58,629 additional shares and now holds a total of 58,726 shares of Voya Financial Inc which is valued at $1,640,804. Voya Financial Inc makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.Td Asset Management Inc reduced its stake in VOYA by selling 347,266 shares or 95.98% in the most recent quarter. The Hedge Fund company now holds 14,543 shares of VOYA which is valued at $406,331.Meritage Portfolio Management reduced its stake in VOYA by selling 2,345 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 146,124 shares of VOYA which is valued at $3,748,081. Voya Financial Inc makes up approx 0.41% of Meritage Portfolio Management’s portfolio.

Voya Financial Inc opened for trading at $27.47 and hit $27.97 on the upside on Monday, eventually ending the session at $27.92, with a gain of 2.42% or 0.66 points. The heightened volatility saw the trading volume jump to 10,26,963 shares. Company has a market cap of $5,590 M.

On the company’s financial health, Voya Financial Inc reported $0.79 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.79.Analysts expectations of $ 2134.81.During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Voya Financial Inc. Voya Financial Inc was Downgraded by Goldman to ” Neutral” on Jul 15, 2016. Shares were Reiterated by Deutsche Bank on Jul 14, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $41 .

Voya Financial Inc. is a retirement investment and insurance company. The Company provides retirement services annuities investment management services mutual funds life insurance group insurance and supplemental health products guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income equity multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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