Voya Financial Inc Stock Price, News & Analysis

Voya Financial (NYSE: VOYA) announced its participation in the Goldman Sachs 2021 US Financial Services Conference on December 7, 2021, at 10:40 a.m. ET. Key executives, including Chairman and CEO Rodney O. Martin, Jr., Vice Chairman and CFO Michael Smith, and CEO of Voya Investment Management Christine Hurtsellers, will represent the company. Interested participants can access the webcast via Voya's website. As of September 30, 2021, Voya manages $718 billion in assets, serving 14.8 million clients, with a revenue of $7.6 billion in 2020.

Voya Investment Management has signed a definitive agreement to acquire Tygh Capital Management (TCM), a specialist in small-cap growth investing. The transaction, expected to close in Q1 2022, aims to enhance Voya’s equity capabilities and deliver alpha to clients. With $520 million in assets under management as of October 31, 2021, TCM will integrate its operations while maintaining its investment philosophy. All TCM employees will transition to Voya, fostering collaboration on their existing strategies.

Voya Financial (NYSE: VOYA) aims for a 12-17% annual growth in adjusted operating earnings per share (EPS) through 2024, driven by net revenue growth, margin expansion, and disciplined capital management. CEO Rodney O. Martin highlighted a strong focus on workplace and institutional services, promoting better health, wealth, and investment outcomes. The company expects significant free cash flow conversion over the next three years, alongside a target operating return on equity of 14-16%. In 2020, Voya reported $7.6 billion in revenue and $718 billion in total assets.

Voya Financial (NYSE: VOYA) has launched MyCompass American Funds, a new target date fund (TDF) for retirement plans, catering to the growing demand for active equity management. This series, which supports a more active approach, builds on the success of Voya’s MyCompass Index, which has surpassed $2 billion in assets since 2019. Key features of the MyCompass American Funds include an innovative glidepath, actively managed funds, and a stable value allocation aimed at enhancing returns while mitigating risk.

Voya Financial (NYSE: VOYA) will host an audio and video webcast of its 2021 investor day on Monday, Nov. 15, 2021, at 1 p.m. ET. The event will feature discussions on Voya’s strategy, business performance, and financial results by senior management. Investors can access the live stream on the company's investor relations website. A replay will be available starting at 11 a.m. ET on Nov. 16, 2021. Voya serves 14.8 million clients with a focus on being a socially responsible and ethical company.

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.