Davis Capital Management Buys Shares of 19,839 Voya Financial, Inc. $VOYA

Davis Capital Management purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 19,839 shares of the asset manager’s stock, valued at approximately $1,484,000. Voya Financial comprises 1.0% of Davis Capital Management’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently modified their holdings of VOYA. Mather Group LLC. bought a new position in Voya Financial during the third quarter valued at $65,000. Trail Ridge Investment Advisors LLC lifted its position in shares of Voya Financial by 2.0% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock valued at $622,000 after buying an additional 166 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Voya Financial during the 3rd quarter worth $226,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Voya Financial by 1.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 492,400 shares of the asset manager’s stock worth $36,832,000 after acquiring an additional 8,200 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in Voya Financial in the 3rd quarter worth about $539,000. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

VOYA has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Wells Fargo & Company dropped their price target on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Royal Bank Of Canada lowered their target price on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, Wall Street Zen raised Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.56.

Voya Financial Stock Performance

NYSE VOYA opened at $75.58 on Friday. The company’s 50 day simple moving average is $72.50 and its two-hundred day simple moving average is $73.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $78.00. The stock has a market capitalization of $7.19 billion, a PE ratio of 12.99, a P/E/G ratio of 0.49 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, November 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, November 26th. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s payout ratio is 32.30%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.