350,925 Shares in Voya Financial, Inc. $VOYA Purchased by Algebris UK Ltd.

Key Points

• Algebris UK Ltd. acquired 350,925 shares of Voya Financial in the second quarter, worth approximately $31.7 million and representing 0.39% of the company. Institutional investors collectively own 96.1% of Voya’s shares.
• Analysts remain generally positive, with Voya receiving a consensus “Moderate Buy” rating and an average price target of $102.85; UBS raised its target to $125.
• Voya reported quarterly EPS of $1.51, below the $1.98 consensus estimate, while revenue declined 4.3% year over year. The company declared a quarterly dividend of $0.47 per share, implying a 1.9% annual yield.

Algebris UK Ltd. acquired a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 350,925 shares of the asset manager's stock, valued at approximately $31,669,000. Voya Financial makes up approximately 2.1% of Algebris UK Ltd.'s investment portfolio, making the stock its 21st biggest position. Algebris UK Ltd. owned 0.39% of Voya Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Danske Bank A S bought a new stake in shares of Voya Financial in the second quarter valued at approximately $27,000. Allworth Financial LP raised its holdings in Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Voya Financial in the 4th quarter valued at $28,000. Systematic Financial Management LP bought a new stake in shares of Voya Financial during the 4th quarter valued at $37,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Voya Financial during the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group raised their price target on Voya Financial from $95.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Evercore reaffirmed an "outperform" rating and set a $111.00 price objective on shares of Voya Financial in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Voya Financial from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Morgan Stanley raised their target price on shares of Voya Financial from $84.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Finally, Barclays boosted their target price on shares of Voya Financial from $98.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.85.

Voya Financial Price Performance

Shares of VOYA stock opened at $98.15 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $103.85. The company has a market cap of $8.89 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.96 and a beta of 0.89. The business has a fifty day simple moving average of $96.47 and a 200 day simple moving average of $82.49.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.47). The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, sell-side analysts forecast that Voya Financial, Inc. will post 9.27 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial's dividend payout ratio is currently 31.70%.

Insider Transactions at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares of the company's stock, valued at $259,830. This represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.

Voya Financial Company Profile

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.

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