Welcome to our dedicated page for Voya Financial news (Ticker: VOYA), a resource for investors and traders seeking the latest updates and insights on Voya Financial stock.
Voya Financial Inc (NYSE: VOYA) delivers retirement, investment, and insurance solutions through its market-leading Wealth Solutions, Investment Management, and Health Solutions divisions. This news hub provides investors and professionals with essential updates about VOYA's strategic initiatives and financial performance.
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Our curated collection features updates across retirement planning innovations, institutional investment strategies, and healthcare-related financial products. Content is verified for accuracy and updated systematically to reflect the company's latest public communications.
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Voya Financial (NYSE: VOYA) announced that it and Resolution Life have secured all regulatory approvals to finalize the sale of Voya’s Individual Life and non-retirement legacy annuities business, slated to close on January 4, 2021. The transaction aims to ensure a smooth transition for customers. Additionally, Voya plans to initiate an accelerated share repurchase program totaling approximately $150 million, reiterating its commitment to returning capital to shareholders. With this approval, Voya has returned around $6.4 billion to shareholders since its IPO.
Voya Investment Management has been recognized by Pensions & Investments magazine as one of the "2020 Best Places to Work in Money Management," ranking third among firms with 500-999 employees. This accolade marks the sixth consecutive year Voya earned this recognition. Despite the challenges posed by the pandemic, the firm's commitment to employee wellbeing and client service has been pivotal. Voya also offers unique benefits, including 40 hours of annual volunteer time and has been acknowledged for LGBT equality and ethical practices, reinforcing its reputation in the industry.
The Board of Trustees for Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) has approved changes to the Fund's principal investment strategies and its primary benchmark, shifting from the MSCI World Index to the MSCI World Value Index. Effective December 31, 2020, these changes aim to better align the security selection process with the new benchmark. The Fund remains focused on providing high income and capital appreciation, using a quantitative investment strategy. A webcast is scheduled for December 17, 2020, to discuss these changes and market conditions.
The Board of Trustees of Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) has approved changes to its principal investment strategies and benchmark, shifting from the MSCI World Index to the MSCI World Value Index. These changes, effective on or about December 31, 2020, aim to better align the Fund's security selection with its income and capital appreciation objectives. The Fund intends to maintain a high level of income and pursue total returns while managing portfolio volatility.
Voya Financial, Inc. (NYSE: VOYA) will participate in the Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 11:20 a.m. ET. The event will feature CEO Rodney O. Martin, Jr. and CFO Michael Smith. Interested parties can access the live webcast via the Voya investor relations website, and a replay will be available starting December 9, 2020. Voya serves approximately 13.8 million customers in the U.S. and reported $7.5 billion in revenue for 2019, with $657 billion in total assets managed as of September 30, 2020.
Voya Prime Rate Trust (NYSE: PPR) has initiated a tender offer to buy back up to 15% of its outstanding common shares. The buyback price will be set at 99% of the Fund’s NAV at market close on the expiration date, January 4, 2021. Shareholders are encouraged to review the detailed tender offer materials filed with the SEC, which include important information pertinent to their decisions. Voya Investment Management, managing over $238 billion in assets, emphasizes its commitment to providing robust investment solutions.
Voya Prime Rate Trust (NYSE: PPR) announced its plan to initiate a tender offer for 15% of its outstanding common shares. This decision follows a resolution from the 2020 annual meeting where shareholders requested a self-tender offer close to the net asset value (NAV). The offer will be at 99% of the NAV as of the close of trading on the expiration day, expected in January 2021. If more than 15% of shares are tendered, purchases will be made pro rata. The Board may consider additional tender offers post-completion.
