Gillson Capital LP raised its position in shares of Voya Financial Inc (NYSE:VOYA) by 15.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 638,003 shares of the asset manager’s stock after purchasing an additional 85,516 shares during the quarter. Voya Financial accounts for about 5.3% of Gillson Capital LP’s investment portfolio, making the stock its 4th biggest holding. Gillson Capital LP owned 0.35% of Voya Financial worth $31,562,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in Voya Financial in the fourth quarter worth $133,000. Eagle Global Advisors LLC bought a new position in Voya Financial during the fourth quarter valued at $247,000. IFM Investors Pty Ltd bought a new position in Voya Financial during the third quarter valued at $254,000. Focused Wealth Management Inc purchased a new stake in shares of Voya Financial during the fourth quarter valued at $257,000. Finally, Stephens Inc. AR purchased a new stake in shares of Voya Financial during the third quarter valued at $273,000.
Shares of Voya Financial Inc (NYSE:VOYA) traded down $0.15 during trading hours on Wednesday, hitting $54.00. The company had a trading volume of 2,469,913 shares, compared to its average volume of 2,506,344. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.45. The firm has a market cap of $9,283.04, a P/E ratio of -3.24, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. Voya Financial Inc has a 1 year low of $33.53 and a 1 year high of $54.87.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $2.19 billion during the quarter. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. sell-side analysts expect that Voya Financial Inc will post 4.3 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s payout ratio is currently -0.24%.
Voya Financial announced that its Board of Directors has approved a stock buyback program on Tuesday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other news, insider Kevin D. Silva sold 895 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.77, for a total value of $45,439.15. Following the sale, the insider now directly owns 9,299 shares in the company, valued at $472,110.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin D. Silva sold 5,480 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $51.70, for a total value of $283,316.00. Following the transaction, the insider now owns 14,577 shares in the company, valued at $753,630.90. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
VOYA has been the subject of a number of recent analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of Voya Financial in a research note on Friday, December 8th. BTIG Research reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Voya Financial in a research note on Tuesday, January 2nd. Evercore ISI raised shares of Voya Financial from an “in-line” rating to an “outperform” rating and increased their price target for the company from $47.00 to $60.00 in a research report on Thursday, December 21st. Royal Bank of Canada restated a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a report on Friday, December 22nd. Finally, Deutsche Bank assumed coverage on shares of Voya Financial in a report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $54.75.
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Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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