Published on 5 Oct 2021 on Insider Monkey via Yahoo Finance

Should I Buy Voya Financial Inc (VOYA)?

At Insider Monkey, we pore over the filings of nearly 873 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 30th. In this article, we will use that wealth of knowledge to determine whether or not Voya Financial Inc (NYSE:VOYA) makes for a good investment right now.

Is Voya Financial Inc (NYSE:VOYA) a buy right now? Prominent investors were betting on the stock. The number of bullish hedge fund positions went up by 2 recently. Voya Financial Inc (NYSE:VOYA) was in 44 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 49. Our calculations also showed that VOYA isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 42 hedge funds in our database with VOYA positions at the end of the first quarter.

At the moment there are several formulas market participants put to use to assess publicly traded companies. Two of the best formulas are hedge fund and insider trading interest. We have shown that, historically, those who follow the best picks of the elite investment managers can outperform the S&P 500 by a healthy margin (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website .