VOYA FINANCIAL, INC. - VOYA STOCK NEWS

Voya Financial (NYSE: VOYA) will have CEO Rodney O. Martin, Jr. speak at the 2021 Wells Fargo Virtual Financial Services Investor Conference on May 19, 2021, at 12 p.m. ET. Interested listeners can access the presentation by visiting Voya's investor relations website and are advised to log in 15 minutes early to prepare.

Voya Financial aims to enable over 14.8 million clients to reach their financial wellness goals. As of March 31, 2021, the company managed $729 billion in assets and reported $7.6 billion in revenue for 2020.

Voya Financial (NYSE: VOYA) reported first-quarter 2021 results showing a strong recovery with net income of $1,086 million, or $8.29 per diluted share, compared to a loss of $100 million in Q1 2020. Adjusted operating earnings rose to $223 million, or $1.70 per share, aided by $716 million from exited businesses. Wealth Solutions saw a 5.1% increase in full-service recurring deposits, totaling $11.2 billion, while Health Solutions annualized premiums grew 8.6%. The company repurchased $235 million in stock and retired $75 million in debt, with $1.6 billion in excess capital available.

Voya Financial (NYSE: VOYA) has entered into an agreement to acquire Benefit Strategies, LLC, a third-party administrator specializing in health savings and spending accounts. Benefit Strategies serves over 3,400 employers and nearly 370,000 participants. The acquisition aligns with Voya's workplace growth strategy and will enhance its service capabilities in health savings and spending accounts. The deal is expected to close in Q3 2021, adding around 150 employees to Voya.

Voya Financial (NYSE: VOYA) is accepting applications for its Unsung Heroes grant program, offering $140,000 in annual grants for innovative teaching ideas. The application deadline is June 1, 2021. The program will select fifty finalists, each receiving a $2,000 grant, with three enhanced awards: $25,000 for first place, $10,000 for second, and $5,000 for third. Voya's initiative aims to support educators facing challenges during the pandemic and is part of its broader commitment to community improvement through the Voya Foundation.

Voya Financial (NYSE: VOYA) supports the Securing a Strong Retirement Act of 2021 (SECURE 2.0), encouraging Congress to pass the bill to enhance retirement plan access and coverage. The legislation aims to improve retirement readiness through automatic enrollment in new plans, raising the minimum distribution age, and increasing catch-up contribution limits. Research indicates that 80% of American workers favor equal access to retirement savings. Voya, focused on delivering health, wealth, and investment solutions, aims to ensure a secure financial future for all Americans.

Voya Financial (NYSE: VOYA) has been appointed as the recordkeeper and service provider for the United Health Services 403(b) and 457(b) retirement plans, which hold approximately $285 million in assets for over 7,500 participants. This partnership aims to enhance financial outcomes for employees through access to advanced educational tools and resources. Voya's commitment to providing tailored solutions aligns with United Health Services' mission to support its workforce's financial wellness, indicating a strategic growth opportunity for Voya in the health sector.

Voya Financial, Inc. (NYSE: VOYA) announced a quarterly common stock dividend of $0.165 per share for Q2 2021, payable on June 29, 2021, to shareholders of record as of May 26, 2021. Additionally, the board approved a dividend of $13.3750 per share on its Series B Preferred Stock, equivalent to $0.334375 per depositary share, payable on June 15, 2021, also to shareholders of record as of May 26, 2021. Voya continues to demonstrate fiscal stability with impressive total assets of $700 billion as of December 2020.