Voya Financial, Inc. $VOYA is Algebris UK Ltd.’s 4th Largest Position

Algebris UK Ltd. lifted its position in Voya Financial, Inc. (NYSE:VOYA) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 561,621 shares of the asset manager’s stock after acquiring an additional 54,122 shares during the period. Voya Financial comprises approximately 4.8% of Algebris UK Ltd.’s holdings, making the stock its 4th largest position. Algebris UK Ltd. owned approximately 0.58% of Voya Financial worth $41,977,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VOYA. Trail Ridge Investment Advisors LLC boosted its stake in Voya Financial by 2.0% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock worth $622,000 after purchasing an additional 166 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Voya Financial by 4.2% in the second quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock valued at $303,000 after purchasing an additional 171 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Voya Financial by 4.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock worth $338,000 after buying an additional 201 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Voya Financial by 1.5% during the third quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock valued at $1,098,000 after buying an additional 215 shares in the last quarter. Finally, Ethic Inc. raised its position in Voya Financial by 2.3% during the second quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock valued at $714,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.8%

VOYA opened at $76.06 on Monday. The firm has a market cap of $7.24 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. The business has a 50 day moving average price of $73.78 and a 200 day moving average price of $73.70. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $79.99.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm posted $2.12 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VOYA shares. Wells Fargo & Company raised their price objective on Voya Financial from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $83.00 to $93.00 in a report on Thursday, January 8th. Wall Street Zen lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lowered their price target 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. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.33.

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.