VOYA FINANCIAL, INC. - VOYA STOCK NEWS

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.

Voya Financial (NYSE: VOYA) announced that its new Chandler, Arizona, office features solar carports, projected to save over 663,600 kilowatt-hours of electricity in its first year. This initiative is expected to reduce carbon emissions equivalent to nearly 520,000 pounds of coal burned. The solar system will supply 32% of the facility’s energy needs, promising significant long-term savings. The facility reflects Voya’s dedication to environmental sustainability, incorporating various eco-friendly features like LED lighting, recycled building materials, and electric vehicle charging stations.

Voya Financial (NYSE: VOYA) has been selected to provide 457(b) recordkeeping and administrative services for the St. Louis County Deferred Compensation Plan, serving over 2,400 participants with approximately $153 million in assets. This decision follows a competitive bid process, consolidating the county's retirement services under one provider. Voya aims to enhance retirement readiness through localized support and educational resources, further solidifying its position in the government retirement market. The company recently welcomed 32 new governmental clients and achieved the No. 1 ranking in the governmental 457/401(a) market in 2020.