Voya Financial Inc Stock Price, News & Analysis

Voya Financial (NYSE: VOYA) has announced the appointment of Trevor Ogle as its new Chief Legal Officer (CLO), effective May 2, 2025. Ogle will lead Voya's Law & Compliance department while maintaining his current responsibilities for strategy and corporate development functions.

Ogle, who has been with Voya since its public debut in 2013, previously served as deputy general counsel for corporate law and later as Head of Corporate Development and Chief Strategy and M&A Officer. He succeeds My Chi To, who will depart Voya on May 2 for an external opportunity.

CEO Heather Lavallee highlighted Ogle's exceptional contributions to Voya, citing his legal expertise, leadership within the executive team, and extensive business experience as key factors in his appointment. Throughout his 12-year tenure, Ogle has played a important role in driving Voya's growth, identifying opportunities, and developing strategic partnerships.

Empathy and Voya Financial have announced a groundbreaking collaboration to integrate Empathy LifeVault™ into Voya's benefits ecosystem. This marks the first financial institution implementation of LifeVault, offering an innovative legacy planning platform to policyholders and employees.

The partnership addresses a critical need revealed in Empathy's 'Grief Tax' report, which found that 2/3 of people lack access to essential documents after losing a loved one, extending estate settlement times up to 20 months. LifeVault will be available to Voya's Group Term Life Insurance and Lifetime Life Insurance enrollees, providing a secure digital platform for storing affairs, creating legal documents, and sharing essential information.

This initiative comes at a important time, as only 24% of U.S. adults report having a will, with an anticipated $84 trillion wealth transfer from baby boomers to younger generations expected over the next two decades. The collaboration aims to set new industry standards for legacy planning while expanding Empathy's services beyond bereavement care.

Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) have announced their monthly distributions for April 2025. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on April 15, 2025.

For IGA, the distribution sources include: 43.53% from net investment income, 32.94% from short-term capital gains, and 23.53% from long-term capital gains. IDE's distribution comprises: 17% from net investment income, 40% from long-term capital gains, and 43% from return of capital.

The funds' performance metrics show IGA's five-year average annual return at 13.44% with a current annualized distribution rate of 9.73%, while IDE posted a 13.52% five-year return with a 10.58% distribution rate. IGA's fiscal year-to-date return stands at 1.16%, while IDE shows -0.28%.

Voya Financial (NYSE: VOYA) has announced its upcoming first-quarter 2025 financial results presentation schedule. The company will host a webcast and conference call on Wednesday, May 7, 2025, from 10 a.m. to 11 a.m. ET.

The financial results will be released after market close on Tuesday, May 6, 2025. The press release, investor supplement, and analyst presentation will be available on the company's investor relations website at investors.voya.com.

Investors are advised to access the webcast at least 15 minutes before the start time to install necessary software. A replay will be available at investors.voya.com starting at approximately 1 p.m. ET on May 7, 2025.

Voya Financial (NYSE: VOYA) has launched the new MyCompass Target Date Blend Series, a collective investment trust series trusteed by Great Gray Trust Company. This expansion builds upon Voya's $25 billion target date solutions portfolio.

The new series mirrors Voya Investment Management's Target Retirement Trust and features:

• A participant-focused glide path maximizing early wealth through higher equity exposure
• A blend of active and passive management with fees ranging from 18-20 bps
• Multi-manager framework to reduce investment risks
• Stable Value allocation for reduced volatility near retirement

The solution is sub-advised by flexPATH Strategies, as fiduciary for investment selection, while Voya IM serves as the glide path fiduciary. This launch comes as the target date industry reaches a record $3.5 trillion in assets.

Voya Financial (NYSE: VOYA) has released a new consumer survey revealing that working Americans find determining retirement savings amounts nearly as confusing as understanding teenage slang. The survey shows 29% of benefits-eligible workers struggle with retirement savings decisions, compared to 32% who find teenage slang confusing.

Key findings indicate that 61% of Americans believe the economy and 60% cite inflation will significantly impact their retirement savings ability. Notably, 49% of respondents consider their retirement plan as their only significant emergency savings, up from 43% in January 2023.

The research highlights that 83% of workers value guidance on optimizing retirement savings and workplace benefits. Additionally, 75% of benefits-eligible workers seek support tools for managing retirement, emergency savings, and healthcare expenses. The survey also reveals increased interest in voluntary benefits, with 61% of workers feeling more financially secure due to their enrolled voluntary benefits.

Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) have announced their monthly distributions for March 2025. The distribution amounts are set at $0.085 per share for IGA and $0.100 per share for IDE, payable on March 17, 2025.

The distributions are part of the Funds' Managed Distribution Plan, approved by the Board of Trustees to provide monthly cash distributions to common shareholders. The Funds have indicated that they have distributed more than their income and net realized capital gains, suggesting that a portion of the distribution may represent a return of capital.

Shareholders are advised that the actual tax reporting amounts will be provided in Form 1099-DIV for the calendar year, and the final distribution characterization may change based on the Funds' investment experience and tax regulations.

State Street Global Advisors (NYSE: STT) announced the expansion of its IncomeWise™ Target Retirement Strategies to the Voya Financial recordkeeping platform. The ABA Retirement Funds Program will be the first adopter on this platform, with Mercer Trust Company serving as the investment fiduciary.

IncomeWise combines traditional index-based target-date funds with optional income features, including deferred annuity payments and automatic monthly withdrawals. The solution, which has over $20 billion in committed assets, will be available through Voya as the second recordkeeper after Fidelity Investments.

This expansion aligns with State Street's strategy to provide flexible retirement solutions, helping participants build confidence in their financial futures through a simple two-step election process for activating income across their target-date fund balance.

Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their February 2025 monthly distributions. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on February 18, 2025.

For IGA, the distribution sources include: 14.10% from net investment income, 11.80% from short-term capital gains, and 74.10% from return of capital. IDE's distribution comprises: 3% from net investment income, 54% from long-term capital gains, and 43% from return of capital.

The funds' performance metrics show IGA's five-year average annual return at 7.08% with a current annualized distribution rate of 10.04%, while IDE posted a five-year return of 7.61% with a 10.43% annualized distribution rate. Both funds have achieved positive fiscal year-to-date returns, with IGA at 2.01% and IDE at 1.95%.