VOYA FINANCIAL, INC. - VOYA STOCK NEWS

Voya Financial, Inc. (NYSE: VOYA) released findings from a post-election study on World Kindness Day, revealing that 78% of Americans view kindness as the most crucial personal value. The survey also indicated that 93% of respondents desire to work for companies promoting kindness, while 90% support employee charity initiatives. Although sentiments post-2020 election varied, with 48% feeling optimistic, the majority (94%) emphasized the need for unity. Voya's commitment to societal well-being includes employee volunteer support and charitable giving programs, reinforcing its corporate responsibility ethos.

Voya Financial, Inc. (NYSE: VOYA) has announced enhancements to its retail wealth management platform, Voya Financial Advisors (VFA). These improvements aim to streamline processes for financial professionals and clients, featuring digital account opening, robust allocation modeling, and effective communication tools. Recent research indicates a rising demand for financial advice amid economic uncertainty, with 61% of Americans feeling anxious about their finances. The new platform capabilities will enable VFA to better support clients' financial wellness through innovative technology.

Voya Financial (NYSE: VOYA) released a study highlighting the disproportionate impact of COVID-19 on the special needs community. Key findings reveal that 37% of respondents report severe daily life disruptions due to the pandemic, compared to 25% from other communities. The study notes increased anxiety (44%), feelings of isolation (44%), and 40% cited disruptions in care services. Financial stress is evident, with 29% evaluating expenses and 17% reducing work hours. Voya emphasizes its commitment to equity through resources and support for individuals with disabilities, aided by partnerships with Wellthy and No Barriers.

Voya Financial, Inc. (NYSE: VOYA) has launched a new online budgeting calculator aimed at enhancing financial wellness. The tool uses the '50/30/20' rule to help users allocate their after-tax income—50% for needs, 30% for wants, and 20% for savings. It allows personalization and offers practical tips to create balanced budgets, accommodating both English and Spanish users. This calculator is part of Voya's broader mission to support financial wellness and retirement readiness among Americans.

Voya Investment Management, a part of Voya Financial (NYSE: VOYA), has acquired the technology and founding team of G Squared Capital LLP, a London-based investment manager. This strategic move aims to enhance Voya's quantitative equity capabilities and further integrate ESG factors into investment strategies. The newly formed Equity Machine Intelligence group will leverage machine intelligence to innovate in equity investing, aiming to deliver superior returns. Voya IM now manages over $24 billion in assets with a growing focus on alternative equity solutions.

Voya Financial, Inc. reported its third-quarter 2020 results, showing an 8% increase in adjusted operating earnings per share compared to Q3 2019. Notable highlights include 8.4% growth in full-service recurring deposits and $1.8 billion in positive net flows in Investment Management. However, net income was a loss of $333 million. The company is optimistic about completing the sale of its Individual Life and legacy annuities businesses, expected to generate approximately $1.5 billion in deployable capital by January 4, 2021. As of September 30, Voya held $642 million in excess capital.

Voya Financial (NYSE: VOYA) declared a common stock dividend of $0.15 per share for Q4 2020, payable on December 28, 2020, to shareholders of record as of November 30, 2020. Additionally, a dividend of $13.3750 per share on the Series B preferred stock has also been declared, equating to $0.334375 per depositary share, payable on December 15, 2020. Voya manages $606 billion in assets and serves 13.8 million customers, emphasizing its commitment to helping Americans secure their financial futures.