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.
News and updates for Voya Financial, Inc. (NYSE: VOYA) focus on its activities as a retirement, employee benefits and investment management company. Company announcements highlight financial results, capital deployment decisions, product launches and initiatives that affect individual, workplace and institutional clients.
Investors following VOYA news will see regular earnings releases and related conference call details, including updates on segment performance in retirement, investment management and employee benefits. Voya also issues communications about share repurchase plans, common and preferred stock dividends, and preliminary information on assets under management and alternative investment income through Form 8-K filings and press releases.
Beyond financial metrics, Voya’s news flow includes developments in its retirement and wealth platforms and its investment management offerings. Recent announcements describe the launch of a retirement income guidance tool developed with SAVVI Financial for plan participants, the introduction of the WealthPath platform for Voya financial advisors in collaboration with Orion, and the launch of actively managed ETFs by Voya Investment Management. These items illustrate how Voya applies its retirement and asset management capabilities in practice.
Voya also publishes stories related to its community and education initiatives, such as the Voya Unsung Heroes program that provides grants to K–12 educators. These pieces offer additional context on the company’s presence in the education market and its foundation’s focus areas.
For readers tracking VOYA, this news page brings together company press releases and related coverage, offering a view into Voya’s financial reporting, capital actions, product and platform developments, and selected community programs. Investors and observers can use this stream of information to understand how Voya’s retirement, benefits and investment management businesses are evolving over time.
The Board of Trustees of Voya International High Dividend Equity Income Fund (IID) has announced a Plan of Liquidation and Termination, effective March 31, 2021. Following this date, the Fund will liquidate its assets, settle unpaid liabilities, and make cash distributions to common shareholders, with the final distribution expected around April 5, 2021. Trading of the Fund's shares on the NYSE will cease before the start of business on April 1, 2021. Investors should expect additional details regarding the liquidation process in due course.
Voya Financial, Inc. (NYSE: VOYA) will hold a webcast and conference call to discuss its financial results for Q4 and full-year 2020 on February 10, 2021, from 10 a.m. to 11 a.m. ET. The financial results will be released after market close on February 9, 2021. Investors can access the webcast on Voya's investor relations website and a replay will be available after the call. Voya serves approximately 13.8 million customers and reported $7.5 billion in revenue for 2019, managing $657 billion in total assets as of September 30, 2020.
Voya Financial, Inc. (NYSE: VOYA) has been recognized for its advocacy of the disabilities community through its Voya Cares® program. The company received the 2020 Caregiving Visionary Caregiving Organization of the Year Award from Caregiving.com and the LIMRA Creative Connections Gold Award for its promotional campaign. Voya's comprehensive support benefits for caregivers include flexible time off, health advocates, and a partnership with Wellthy services. These accolades underline Voya's commitment to diversity, equity, and inclusion, enhancing its standing in the financial services sector.
Voya Prime Rate Trust (NYSE: PPR) announced the final results of its tender offer for 15% of outstanding common shares, which expired on January 4, 2021. The offer was oversubscribed, leading to a pro-rata purchase from all tendering shareholders. A total of 88,416,006.334 shares were tendered, with 21,576,552 shares to be purchased at a purchase price of $4.86, which is 99% of the fund’s net asset value per share at the close of trading on the expiration date.
Voya Prime Rate Trust (NYSE: PPR) announced the expiration of its tender offer for 15% of its outstanding shares, which started on December 3, 2020, and ended on January 4, 2021. Approximately 88,416,006 shares were tendered, leading to an oversubscription and a proration for accepted shares. The purchase price will be 99% of the Fund’s net asset value per share on the expiration date. Final results are expected to be announced around January 6, 2021.
Voya Financial (NYSE: VOYA) has completed the divestiture of its individual life insurance and legacy non-retirement annuities businesses to Resolution Life US. This strategic move aims to simplify Voya's portfolio, reduce market risks, and free up capital. Voya Investment Management will manage approximately $20 billion associated with the closed blocks and serve as a preferred asset management partner for Resolution Life. CEO Rodney Martin stated that this transition allows Voya to focus on its core strengths, promoting organic growth in Retirement, Investment Management, and Employee Benefits.
On December 28, 2020, Voya Financial (NYSE:VOYA) declared a quarterly dividend of $0.15 per share on its common stock. This led to an adjustment in the exercise price of Warrants, decreasing from $48.09 to $47.97 per share, with the number of shares for each Warrant adjusted to 1.002458426. These changes are effective immediately. Voya is focused on helping Americans prepare for retirement, with $7.5 billion in revenue in 2019 and $657 billion in assets under management as of September 30, 2020.
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.
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