Voya Financial Inc Stock Price, News & Analysis

Voya Financial reported a strong third-quarter 2021, achieving record adjusted operating earnings of $2.57 per diluted share compared to $0.30 from the previous year. The net income available to common shareholders stood at $142 million, or $1.15 per share. Significant operational growth was noted in Wealth Solutions, with full-service recurring deposits growing 8.7% year-over-year. Voya plans to repurchase at least $1.1 billion in common stock and increased its dividend by over 20% to $0.20 per share. Total assets under management reached $718 billion.

Voya Investment Management has announced key appointments to enhance its Equities platform, including the promotion of Vincent Costa to co-CIO and the addition of Eric Ross as a senior technology analyst. The restructuring includes a centralized research team, led by James Dorment and Kristy Finnegan as co-heads of fundamental research. Together, these changes aim to strengthen Voya's investment strategies and align with client demand, supporting the firm’s growth objectives.

Voya Financial, Inc. (NYSE: VOYA) has announced the redemption of its 3.125% Senior Notes due 2024, with an outstanding principal amount of $400,000,000. The redemption will occur on Nov. 29, 2021, at a price equal to either 100% of the principal plus accrued interest or the Make-Whole Redemption Amount, whichever is greater. The funding for this redemption will be sourced from cash on hand, emphasizing Voya's financial stability and liquidity.

Voya Financial has declared a common stock dividend of $0.20 per share for Q4 2021, reflecting a more than 20% increase from the previous dividend of $0.165. This dividend will be payable on Dec. 29, 2021, to shareholders of record by Nov. 29, 2021. Additionally, a quarterly dividend of $13.3750 per share on the Series B preferred stock has been announced, payable on Dec. 15, 2021. Voya emphasizes this increase as a demonstration of confidence in business performance and commitment to shareholder value.

Voya Financial (NYSE: VOYA) has announced the top three winners of its annual Voya Unsung Heroes grant program. A total of $5.8 million has been awarded to educators over 25 years. First place, Nicole Bay and Christian Kollegger, received $25,000 for their program on urban farming. Second place went to Susan Nicholson-Dykstra with $10,000 for her physics project. Kenneth Huff and Thomas Bird placed third, earning $5,000 for their electrochemistry initiative.

Voya Investment Management will host a webinar on November 9, 2021, from 4:00 p.m. - 4:30 p.m. ET for its funds, Voya Asia Pacific High Dividend Equity Income Fund (IAE) and Voya Emerging Markets High Dividend Equity Fund (IHD). Portfolio Managers Steven Wetter and Jason Rausch will present the funds’ investment strategies and performance while answering investor queries. Registrations are open via www.voyainvestments.com/CEF. A replay will be accessible for those unable to attend.

Voya Financial, Inc. (NYSE: VOYA) has announced it will host a webcast and conference call for its Q3 2021 financial results on November 3, 2021, from 9 a.m. to 10 a.m. ET. The call's start time has been moved up from 10 a.m. ET. A press release detailing financial results will be issued after market close on November 2, 2021. The webcast will be accessible on the company’s investor relations website, and a replay will be available post-call. Voya continues its commitment to financial wellness for its clients, managing $721 billion in assets.

Voya Financial has been selected as the new health savings account (HSA) provider for the ABA Retirement Funds Program as of October 1, 2021. This program serves nearly 37,000 participants with total assets exceeding $7.5 billion. Voya's HSA aims to provide holistic financial solutions alongside existing retirement offerings, addressing the growing interest in HSAs for managing healthcare expenses. Voya emphasizes the integration of health and wealth solutions, reflecting a strong market position and commitment to financial wellness.