Voya Financial Inc Stock Price, News & Analysis

Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their December 2024 monthly distributions. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on December 16, 2024.

For IGA, the distribution comprises 15.99% from net investment income, 50.75% from long-term capital gains, and 33.26% from return of capital. IDE's distribution consists of 4.08% from net investment income, 23.07% from short-term capital gains, and 72.84% from long-term capital gains.

The funds' performance metrics show strong returns, with IGA reporting a 7.49% five-year average annual return and IDE showing 8.15%. The current annualized distribution rates stand at 9.73% for IGA and 9.90% for IDE, based on NAV as of November 29, 2024.

Voya Financial (NYSE: VOYA) announced a collaboration with Orion to launch Voya WealthPath, a new technology platform for Voya Financial Advisors (VFA). The platform integrates holistic in-plan and retail advisory solutions, including financial planning and client relationship management tools. The new solution offers enhanced digital experiences, streamlined account opening processes, seamless data integration, and improved client interaction tracking. Voya WealthPath supports $31 billion in Retail Client Assets and aims to provide financial professionals with comprehensive tools to better manage their business and serve clients more efficiently.

Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) announced their November 2024 monthly distributions. IGA will distribute $0.085 per share, with 89.67% coming from return of capital. IDE will distribute $0.100 per share, with 90.5% derived from realized capital gains.

Both funds show positive performance metrics, with IGA reporting a 6.94% five-year average annual return and IDE showing 7.67%. The funds' current distribution rates are approximately 10% of NAV, with year-to-date total returns of 10.06% for IGA and 9.43% for IDE as of October 31, 2024.

Voya Financial announces significant enhancements to its myBenefitsHub online absence management platform, set to launch in January 2025. The refreshed portal aims to streamline the claims submission process and improve the overall user experience for both employers and employees. According to Voya's research, 93% of employees consider online benefits portals important for making benefits decisions.

Key improvements include an intuitive claims process with a progress tracker, enhanced employee education about available coverage, and a comprehensive absence dashboard for supervisors and HR personnel. The platform will provide detailed information about disability coverage and absence types, while maintaining Voya's high-touch service standards. Current clients will transition to the new experience in December 2024.

Voya Investment Management announced a webcast for two of its funds: Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) and Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD). The event will take place on Monday, Nov. 18, 2024, from 4:00 p.m. to 4:30 p.m. ET. Portfolio Managers Justin Montminy and Susanna Jacob will discuss the funds' investment process, performance, and current market conditions. Investors can submit questions in advance by Nov. 15, and a replay will be available afterward.

Voya Financial (NYSE: VOYA) reported third-quarter 2024 results with net income of $98 million ($0.98 per diluted share) and adjusted operating earnings of $190 million ($1.90 per diluted share). Wealth Solutions and Investment Management showed strong performance, while Health Solutions experienced higher loss ratios. The company generated and returned approximately $0.2 billion of capital in Q3 2024 and expects to return $0.8 billion for the full year. The Board authorized an additional $500 million stock repurchase. Total client assets reached $608 billion, up 19% year-over-year. The acquisition of OneAmerica Financial's retirement plan business is expected to close on January 1, 2025.

Voya Financial (NYSE: VOYA) has announced two dividend declarations. The board approved a common stock dividend of $0.45 per share for Q4 2024, payable on December 26, 2024, to shareholders of record as of November 26, 2024. Additionally, a quarterly dividend of $13.3750 per share was declared on the Series B 5.35% fixed-rate reset non-cumulative preferred stock (equivalent to $0.334375 per depositary share), payable on December 16, 2024, to shareholders of record as of November 26, 2024.

Voya Financial (NYSE: VOYA) has awarded $27,000 to a group of educators from Calvert County Public Schools in Maryland as grand prize winners of the 2024 Unsung Heroes awards competition. Thomas Harten, Linda Subda, Jenna Lyons, and Jesse Howe received $25,000 plus an additional $2,000 as finalists for their program 'Schoolhouse Rocks: Saving the Chesapeake's Oysters'. The project aims to engage fifth-grade students in building oyster reef balls to support the Chesapeake Bay ecosystem. The initiative is part of Voya's broader educational support program, which has awarded over $6 million to educators since its inception.

Voya Financial (NYSE: VOYA) released survey findings showing 91% of working Americans typically select the same health plan during annual benefits open enrollment. Nearly half (49%) spend less than 20 minutes reviewing their workplace benefits, though 79% plan to spend more time reviewing options this year.

The research revealed significant naming bias in health plan selection. When branded, 74% chose Preferred Provider Organization (PPO) over High-Deductible Health Plan (HDHP) (26%). However, with unbranded names, the gap narrowed to 52% PPO and 48% HDHP. Only 3% of working Americans fully understand Health Savings Account (HSA) benefits, with awareness of retirement healthcare use (47%), tax advantages (47%), rollover options (43%), and investment capabilities (29%).