Voya Financial Inc Stock Price, News & Analysis

On June 29, 2022, Voya Financial (NYSE: VOYA) declared a quarterly dividend of $0.20 per share on its common stock. As a result, the exercise price of the associated Warrants has been adjusted from $47.36 to $47.21 per share. Each Warrant is now exercisable for 1.0325 shares of Common Stock, effective from the same date. Voya Financial serves approximately 14.3 million clients, boasting about $707 billion in total assets under management as of March 31, 2022.

Voya Financial has entered a definitive agreement to integrate Allianz Global Investors’ U.S. teams and assets into Voya Investment Management. This strategic partnership aims to enhance Voya IM’s scale and global reach, with an expected 6% – 8% cash accretion to adjusted operating earnings per share in 2023. Voya will maintain a 76% economic stake in the combined entity, which will increase its assets under management to approximately $370 billion. The deal requires no external financing, preserving future growth flexibility.

Voya Financial (NYSE: VOYA) has partnered with The Harkin Institute to release a research paper at the 2022 Harkin Summit. The study shows that companies with a robust ESG strategy that includes people with disabilities can tap into a $13-trillion market, thereby enhancing long-term shareholder value. Key insights also indicate that inclusive employment practices boost brand reputation, foster innovation, and lead to better market positioning.

Voya Financial, Inc. (NYSE: VOYA) announced participation in the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022, at 2:30 p.m. ET. Key executives, including chairman and CEO Rodney O. Martin, Jr., CFO Michael Smith, and CGO Charles Nelson, will present. Investors can access a live webcast through Voya’s investor relations website. Voya, serving 14.3 million clients with $707 billion in assets under management as of March 31, 2022, is recognized for its commitment to ethical practices and workplace excellence.

Voya Financial has announced a memorandum of understanding for the acquisition of substantial assets from Allianz Global Investors’ U.S. operations. This strategic move will increase Voya Investment Management's assets under management to approximately $370 billion. The deal includes a long-term distribution partnership where AllianzGI will promote Voya IM’s strategies internationally. AllianzGI will receive up to a 24% stake in Voya IM. The acquisition aims to enhance Voya's investment capabilities while maintaining a strong capital position for future growth.

Voya Financial (NYSE: VOYA) has appointed Stacy Hughes as the new Senior Vice President and Chief Information Security Officer (CISO). With over 20 years of experience in IT initiatives at Fortune 500 companies, Hughes will oversee and enhance Voya's information security strategy. She aims to align security investments with business growth while mitigating risks in a rapidly evolving cyber landscape. Reporting to CIO Santhosh Keshavan, Hughes expressed enthusiasm for joining a company recognized for its strong culture and commitment to safeguarding customer data.