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. reports news about its retirement, employee benefits and investment management businesses in the United States. Recurring updates include quarterly earnings by segment, fee-based revenue, net underwriting results, assets under management, capital deployment, common and preferred stock dividends, and investment income from the company’s general account and investment management activities.
Company news also covers retirement-savings policy developments, workplace-benefits collaborations, disability inclusion through Voya Cares, and shareholder commentary on governance, management accountability and the employee benefits stop-loss business.
Voya Financial, Inc. (NYSE: VOYA) announced that Yvette Butler has joined its board of directors. With over 25 years in financial services, Butler will serve on several committees, including compensation and benefits, and risk, investment and finance. Previously, she held executive roles at Capital One and Wells Fargo Advisors. Her expertise is expected to enhance Voya's strategic direction and operational execution. Butler's accolades include recognition as one of the Most Powerful Women in Washington. Voya continues to focus on delivering health, wealth, and investment solutions.
Voya Financial (NYSE: VOYA) will host a webcast and conference call on May 11, 2021, to discuss its financial results for the first quarter of 2021. The press release detailing these results will be issued after market close on May 10, 2021. Investors can access the webcast starting at 10 a.m. ET, including a slide presentation. Voya, a Fortune 500 company, reported $7.6 billion in revenue for 2020 and manages $700 billion in total assets as of December 31, 2020.
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Voya Financial (NYSE: VOYA) has launched an enhanced version of its myHealthMoney digital assistant, providing personalized guidance on workplace benefits. Powered by SAVVI Financial, this tool helps employees make informed decisions regarding medical, dental, and supplemental health insurance, along with health savings accounts (HSAs) and flexible savings accounts (FSAs). The initiative aims to simplify health care choices, especially following the COVID-19 pandemic, where high costs and complex decisions have become more pronounced. Voya's research indicates that over 70% of employees seek decision-support tools for better financial management.
On March 29, 2021, Voya Financial (NYSE: VOYA) paid a quarterly dividend of $0.165 per share, which led to adjustments in the exercise price of its Warrants. The price decreased from $47.97 to $47.84, and the number of shares for each Warrant increased to approximately 1.0027 shares. These adjustments are effective immediately. Voya Financial, a Fortune 500 company with $7.6 billion in revenue for 2020, serves about 14.8 million customers and focuses on providing retirement and investment solutions.
Voya Financial (NYSE: VOYA) has been chosen as the new recordkeeper for Western Dental Services, Inc.'s 401(k) Retirement Savings Plan, which transitions in April 2021. This plan manages $95 million in assets and serves around 6,000 participants. Western Dental's decision highlights Voya's mobile capabilities and robust plan health reporting. Voya will provide educational tools and the Voya Retire mobile app to assist plan participants in managing their retirement savings. This partnership emphasizes Voya's commitment to financial wellness in the workplace.
Voya Prime Rate Trust (NYSE: PPR) has appointed Saba Capital Management as its new investment adviser, succeeding Voya Investments and Voya Investment Management. The transition, effective June 22, 2021, aims to ensure a smooth handover for shareholders. Saba, recognized as a leader in credit investing, manages $3.2 billion in assets and intends to expand the Fund's investment strategy while focusing on high current income. Shareholder approval for the new advisory agreement is required, with a special meeting scheduled for May 21, 2021.
The Board of Trustees of Voya Natural Resources Equity Income Fund (NYSE:IRR) has announced a Plan of Liquidation and Termination, effective on or about June 11, 2021. Following this date, the Fund will pay liquidating distributions to its common shareholders, determining eligibility as of the close of business on June 11. Share trading will be suspended on June 14, 2021, with expected cash distributions around June 18. The Fund will adjust its portfolio in preparation for liquidation and aims to ensure sufficient cash for any unpaid liabilities.
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Voya Financial, Inc. (NYSE: VOYA) partnered with Greenwald Research to survey retirement plan decision-makers in higher education, revealing significant insights into the sector's challenges. Key findings show that 41% of institutions reduced employer matching contributions due to COVID-19, with 87% anticipating adverse effects on retirement readiness. Financial wellness programs are a priority, with 74% of institutions offering them, yet 51% seek further assistance from providers. The survey highlights a shift towards prioritizing employee retirement readiness and opportunities for consolidating plan providers.