Algebris UK Ltd Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Algebris UK Ltd bought a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,251 shares of the asset manager's stock, valued at approximately $6,731,000. Voya Financial makes up approximately 1.7% of Algebris UK Ltd's investment portfolio, making the stock its 21st biggest position. Algebris UK Ltd owned about 0.11% of Voya Financial at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VOYA. Jones Financial Companies Lllp increased its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. R Squared Ltd bought a new stake in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC increased its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Voya Financial during the third quarter valued at approximately $79,000. 96.10% of the stock is currently owned by institutional investors.

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Voya Financial Stock Performance

VOYA stock traded down $0.60 during midday trading on Friday, hitting $67.77. The company's stock had a trading volume of 3,570,721 shares, compared to its average volume of 808,716. The stock's 50-day moving average price is $70.43 and its 200 day moving average price is $74.53. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.66%. Voya Financial's dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

VOYA has been the subject of several recent research reports. Barclays downgraded Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI decreased their price objective on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $76.00 to $87.00 in a report on Friday, February 28th. Keefe, Bruyette & Woods cut their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Voya Financial presently has an average rating of "Moderate Buy" and an average price target of $83.55.

Voya Financial Profile

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.