Voya Financial, Inc. (NYSE:VOYA) is Algebris UK Ltd’s 8th Largest Position

Algebris UK Ltd lifted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 250.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,351 shares of the asset manager’s stock after purchasing an additional 253,100 shares during the period. Voya Financial accounts for approximately 4.0% of Algebris UK Ltd’s portfolio, making the stock its 8th largest position. Algebris UK Ltd owned 0.37% of Voya Financial worth $22,206,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust raised its stake in Voya Financial by 3.1% in the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager’s stock worth $427,000 after buying an additional 190 shares in the last quarter. State of Michigan Retirement System raised its stake in Voya Financial by 0.9% in the first quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager’s stock worth $1,560,000 after buying an additional 200 shares in the last quarter. Fifth Third Bancorp raised its stake in Voya Financial by 13.7% in the first quarter. Fifth Third Bancorp now owns 1,747 shares of the asset manager’s stock worth $118,000 after buying an additional 211 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Voya Financial by 5.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,427 shares of the asset manager’s stock valued at $300,000 after purchasing an additional 237 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 256 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the sale, the director owned 355 shares in the company, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Voya Financial Trading Down 0.9%

NYSE:VOYA opened at $71.18 on Tuesday. The company’s 50 day moving average price is $69.36 and its 200-day moving average price is $67.58. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.66 and a beta of 1.00.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VOYA shares. JPMorgan Chase & Co. raised their target price on shares of Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. UBS Group decreased their target price on shares of Voya Financial from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Barclays raised their target price on shares of Voya Financial from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company raised their target price on shares of Voya Financial from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.50.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.