Gator Capital Management LLC Buys Shares of 125,270 Voya Financial, Inc. $VOYA

Gator Capital Management LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 125,270 shares of the asset manager’s stock, valued at approximately $9,331,000. Voya Financial makes up about 1.9% of Gator Capital Management LLC’s investment portfolio, making the stock its 16th largest position.

Several other large investors also recently made changes to their positions in VOYA. Norges Bank bought a new stake in shares of Voya Financial during the fourth quarter worth $83,106,000. Millennium Management LLC increased its position in shares of Voya Financial by 135.7% during the third quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock worth $81,139,000 after acquiring an additional 624,436 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Voya Financial by 63.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock worth $107,101,000 after acquiring an additional 553,675 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Voya Financial by 11.6% during the third quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after acquiring an additional 444,059 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Voya Financial by 6.8% during the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock worth $242,716,000 after acquiring an additional 219,130 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction dated 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 sale, the insider owned 2,887 shares in the company, valued at $259,830. The trade was a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Voya Financial Stock Performance

NYSE VOYA opened at $91.39 on Friday. The firm has a 50-day moving average of $79.36 and a 200-day moving average of $74.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $8.29 billion, a PE ratio of 13.80, a P/E/G ratio of 0.82 and a beta of 0.92. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $92.00.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. Voya Financial’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 EPS. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 9.6 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.1%. Voya Financial’s payout ratio is 28.40%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VOYA. 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 research report on Thursday, May 21st. Wells Fargo & Company raised their target price on shares of Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Finally, Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.73.

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.