$VOYA

15 stories mentioning VOYAUpdated 34d ago

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Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were softer in late Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index was rising 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) added 1% to $64,899, and the yield for 10-year US Treasuries fell 1 basis point to 4.66%.In economic news, US employment unexpectedly fell in July amid a marked decline in government payrolls, prompting interest rate traders to scale back their bets on potential monetary policy tightening in September. Nonfarm payrolls fell by 23,000 last month, marking the first decline since February, following a downwardly revised gain of 20,000 in June, the Bureau of Labor Statistics said Friday. The consensus was for an 80,000 increase in July, according to a Bloomberg-compiled survey.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.In sector news, Jane Street is negotiating with investors including Pacific Investment Management Co. to refinance its roughly $11 billion debt load into a private-credit vehicle that could total as much as $15 billion, Bloomberg reported.In corporate news, TPG (TPG) and Redfearn Capital have partnered to buy 53 industrial buildings valued at $628 million from DRA Advisors, Bloomberg reported. TPG shares were up 0.8%.KKR-backed (KKR) Executive Centre is seeking a $500 million unitranche loan to refinance debt and fund capital spending, Bloomberg reported. KKR shares were down 0.6%.Apollo Global Management (APO) and KKR received approval from European regulators to take joint control of Atlantic Aviation, the European Commission said. Apollo shares decreased 0.6%.Voya Financial (VOYA) said Friday it is seeking regulatory intervention against Toms Capital Investment Management as it advised shareholders that there is no upcoming stockholders meeting and there are no matters for shareholders to vote on. The company said Toms Capital's recent actions are "manipulative and deceptive." Voya shares were down 0.1%.

$APO$KKR$TPG$VOYA

Sectors37d ago

Sector Update: Financial

Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) off 0.3%.The Philadelphia Housing Index was rising 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.Bitcoin (BTC-USD) added 1% to $64,899, and the yield for 10-year US Treasuries fell 1 basis point to 4.66%.In corporate news, Voya Financial (VOYA) said Friday it is seeking regulatory intervention against Toms Capital Investment Management as it advised shareholders that there is no upcoming stockholders meeting and there are no matters for shareholders to vote on. The company said Toms Capital's recent actions are "manipulative and deceptive." Voya shares were up 0.9%.

$VOYA

Wire37d ago

Voya Financial Seeks Regulatory Intervention Amid Toms Capital's 'No Confidence' Campaign

Voya Financial (VOYA) said Friday it is seeking regulatory intervention against Toms Capital Investment Management as it advised shareholders that there is no upcoming stockholders meeting and there are no matters for shareholders to vote on.The company said Toms Capital's recent actions are "manipulative and deceptive."Toms Capital said Thursday that it has filed preliminary proxy materials to allow Voya shareholders to vote on a non-binding resolution saying they no longer have confidence in Voya's board. Toms Capital said it manages funds that hold a 4.5% economic interest in Voya.Toms Capital said the company's Q2 results were "disappointing" and that Voya was unwilling to engage with credible potential acquirers and consider other strategic alternatives.Voya said the materials provided by Toms Capital contained "inaccurate and misleading" statements.Price: $100.46, Change: $-1.04, Percent Change: -1.02%

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Wire40d ago

Voya Financial Q2 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

Voya Financial (VOYA) reported Q2 adjusted net income late Tuesday of $1.51 per diluted share, down from $2.46 a year earlier.Analysts polled by FactSet expected $1.98.Revenue in the three months ended June 30 fell to $1.896 billion from $1.981 billion a year earlier.Analysts expected $1.897 billion.Voya shares fell 3.9% in after-hours trading.

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Sectors59d ago

Sector Update: Financial Stocks Edge Higher Late Afternoon

Financial stocks edged up in late Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) 0.2% higher.The Philadelphia Housing Index rose 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.8%.Bitcoin (BTC-USD) was shedding 0.8% to $64,191, and the yield for 10-year US Treasuries rose 2.4 basis points to 4.569%.In economic news, US retail sales rose 0.2% in June, following a 1.0% gain in the prior month, and meeting expectations in a survey compiled by Bloomberg.Initial jobless claims dropped to 208,000 in the week ended July 11 from 216,000 in the previous week, compared with expectations for an increase to 217,000.In corporate news, Apollo Global Management (APO) plans to allocate as much as $20 billion to financing projects in Mexico as it seeks new opportunities for its private credit business, Bloomberg reported. Apollo shares were up 0.7%.BlackRock (BLK) delivered a largely clean Q2 performance, with margin expansion reinforcing confidence that organic base fee growth can be sustained at the high end of guidance, UBS said in a note. UBS kept its buy rating and raised the price target to $1,320 from $1,270. BlackRock shares were down 0.7%.U.S. Bancorp (USB) and State Street (STT) reported higher Q2 earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains. U.S. Bancorp shares rose 1.5%, and State Street was shedding 0.8%.Voya Financial (VOYA) has attracted informal takeover interest in recent weeks, though no talks are underway and the company's management and board are not seeking a transaction, Semafor reported. Voya shares rose 1.4%.

$APO$BLK$STT$USB$VOYA

Sectors59d ago

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) advancing marginally.The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.4%.Bitcoin (BTC-USD) was shedding 0.5% to $64,377, and the yield for 10-year US Treasuries was rising 1.9 basis points to 4.57%.In economic news, US retail sales rose by 0.2% in June, following a 1.0% gain in the prior month and meeting expectations in a survey compiled by Bloomberg.Initial jobless claims dropped to 208,000 in the week ended July 11 from 216,000 in the previous week, compared with expectations for an increase to 217,000.The Philadelphia Federal Reserve's monthly manufacturing index rose to 41.4 in July from 10.3 in June, compared with expectations for a smaller increase to a reading of 12.5.In corporate news, U.S. Bancorp (USB) and State Street (STT) reported higher Q2 earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains. U.S. Bancorp shares rose 1.7%, and State Street was down 1.1%.Voya Financial (VOYA) has attracted informal takeover interest in recent weeks, though no talks are underway and the company's management and board are not seeking a transaction, Semafor reported. Voya shares were up 1.1%.Visa (V) said Thursday it launched the Visa Stablecoin Platform, which is designed to help financial institutions, fintechs and crypto-native firms access stablecoin functionality through a single Visa-managed environment. Visa shares climbed 1.9%.

$STT$USB$V$VOYA

Wire65d ago

UBS Adjusts Price Target on Voya Financial to $125 From $95, Maintains Buy Rating

Voya Financial (VOYA) has an average rating of overweight and mean price target of $98.50, according to analysts polled by FactSet.Price: $98.21, Change: $+1.69, Percent Change: +1.75%

$VOYA

Wire97d ago

Voya Financial Shares Rise After Raymond James Upgrade

Voya Financial (VOYA) shares rose about 3% in Monday afternoon trading after Raymond James upgraded the stock to buy from market perform with a price target of $117 per share.Trading volume stood at nearly 927,000 shares, compared with a daily average of over 1.2 million.Price: $89.26, Change: $+2.57, Percent Change: +2.96%

$VOYA

Research97d ago

Raymond James Upgrades Voya Financial to Buy From Market Perform, Price Target is $117

Voya Financial (VOYA) has an average rating of overweight and mean price target of $92.33, according to analysts polled by FactSet.

$VOYA

Wire123d ago

Voya Financial Supported by Growth Outlook, Capital-Light Model, RBC Says

Voya Financial (VOYA) could benefit from its capital-light business, strong free cash flow, organic growth prospects and possible value actions, despite lowered earnings estimates, RBC Capital Markets said in a note Tuesday.RBC said Voya's Q1 operating EPS of $2.26 beat its $2 estimate and the $2.01 consensus, helped by stronger Employee Benefits earnings, underwriting gains, a stop-loss reserve release and lower expenses; however, net flows were weaker than expected in Retirement and Investment Management, but management still expects positive Retirement flows and more than 2% organic growth in Investment Management.RBC cut its 2026 and 2027 operating EPS estimates to $9.45 and $10.50 from $9.76 and $10.72, and added that stop-loss remains important for Voya because it helps the company build deeper customer relationships and could be its biggest current opportunity to create shareholder value.The investment firm said flow improvement could be stronger in H2, while possible reserve releases may support results if claims trends develop favorably.RBC kept the company's outperform rating and raised its price target to $91 from $87.Price: $81.48, Change: $+0.52, Percent Change: +0.64%

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Sectors143d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index down 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.7%.The Philadelphia Housing Index rose 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%.Bitcoin (BTC-USD) was decreasing 0.4% to $77,852, and the yield for 10-year US Treasuries rose 2.9 basis points to 4.32%.In economic news, US initial jobless claims rose to 214,000 in the week ended April 18 from an upwardly revised 208,000, compared with the 210,000 print expected in a Bloomberg-compiled survey.The April flash reading of manufacturing conditions from S&P Global improved to a 47-month high of 54.0 from 52.3 in March, compared with the 52.5 anticipated in a Bloomberg-compiled poll.In sector news, the White House is reviewing US Securities and Exchange Commission's regulations to simplify the process for companies to file for initial public offerings by easing disclosure requirements, Bloomberg reported, citing the Office of Management and Budget.In corporate news, American Express (AXP) shares were down 4.9% even after the payments giant reported better-than-expected Q1 results and reiterated its full-year outlook.Robinhood (HOOD) shares dropped 5.9% after JPMorgan cut the company's price target to $92 from $113, while keeping its neutral rating.Barclays (BCS) has alleged that capital was fraudulently routed across the corporate network of Market Financial Solutions on a significant scale, Bloomberg reported, citing High Court documents. Barclays shares fell 2.7%.Voya Financial (VOYA) has been encouraged by activist investor Toms Capital Investment Management to put itself up for sale or offload its underperforming health insurer business, the Financial Times reported. Voya shares climbed 4.2%.

$AXP$BCS$HOOD$VOYA

Sectors143d ago

Sector Update: Financial Stocks Decline Thursday Afternoon

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index dropping 1.4% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.2%.The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.6%.Bitcoin (BTC-USD) was decreasing 1.4% to $77,791, and the yield for 10-year US Treasuries was rising 4.3 basis points to 4.337%.In economic news, US initial jobless claims rose to 214,000 in the week ended April 18 from an upwardly revised 208,000, compared with the 210,000 print expected in a Bloomberg-compiled survey.The April flash reading of manufacturing conditions from S&P Global improved to a 47-month high of 54.0 from 52.3 in March, compared with the 52.5 anticipated in a Bloomberg-compiled poll.In corporate news, Barclays (BCS) has alleged that capital was fraudulently routed across the corporate network of Market Financial Solutions on a significant scale, Bloomberg reported, citing High Court documents. Barclays shares fell 2.3%.Banco Santander (SAN) shares dropped 3% after the company said it will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank.Voya Financial (VOYA) has been encouraged by activist investor Toms Capital Investment Management to put itself up for sale or offload its underperforming health insurer business, the Financial Times reported. Voya shares jumped 5%.

$BCS$SAN$VOYA

Wire143d ago

Market Chatter: Voya Financial Urged by Activist Toms Capital to Sell

Voya Financial (VOYA) has been encouraged by activist investor Toms Capital Investment Management to put itself up for sale or offload its underperforming health insurer business, the Financial Times reported Thursday, citing people familiar with the matter.Voya and Toms did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $79.69, Change: $+3.94, Percent Change: +5.19%

$VOYA

Wire143d ago