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VOYA

Voya Financial

$48.07

-0.005 (-0.01%)

16:19
02/13/18
02/13
16:19
02/13/18
16:19

Voya Financial authorizes additional $500M of share repurchases

"Our capital position continues to be strong. During the fourth quarter, we entered into a $500 million accelerated share repurchase agreement, and we have received authorization from the board of directors to repurchase an additional $500 million of common stock, bringing our current authorization to just over $1 billion. While we incurred a one-time charge related to the reduction of our deferred tax assets, they remain a key source of value for Voya's shareholders. As a result of tax reform, we expect our effective tax rate for adjusted operating earnings to decline from 32% to 18-to-20%. Lower rates will increase adjusted operating earnings per share and we believe they will also support overall economic growth. As we begin 2018, we have a number of initiatives and priorities in place to make Voya a simpler, more valuable company that is well positioned for continued growth. Through the previously announced agreement to sell the majority of our CBVA segment and Annuities business, we will both significantly reduce risk and put Voya in a strong position to expand upon the growth that we've achieved. We are actively engaged in the important work needed to complete the transaction as well as to build upon the many financial, operational and cultural accomplishments that we've achieved over the past several years," said chairman and CEO Rodney Martin, Jr.

  • 14

    Feb

  • 14

    Feb

VOYA Voya Financial
$48.07

-0.005 (-0.01%)

01/22/18
WELS
01/22/18
NO CHANGE
WELS
Outperform
Voya has other potential suitors, selloff unwarranted, says Wells Fargo
Wells Fargo analyst Sean Dargan does not think AIG's (AIG) acquisition today of Validus (VR) warrants a selloff in Voya Financial (VOYA) shares. Earlier this month, media reports indicated AIG was in talks to acquire Voya but that the talks broke down in November over price. There are other potential buyers for Voya's "go-forward business mix of investment management, retirement and group benefits," Dargan tells investors in a research note. One potential party that might be interested in Voya is Nippon Life of Japan, who publicly proclaimed a strategy of international acquisitions, the analyst contends. Dargan has an Outperform rating on Voya shares.
01/19/18
SBSH
01/19/18
NO CHANGE
Target $63
SBSH
Buy
Citi removes Voya Financial, adds Prudential to Focus List
Citi analyst Suneet Kamath removed Voya Financial (VOYA) from his firm's Focus List saying the sale of its Annuity operation, a significant positive catalyst, is largely reflected in the valuation. The analyst keeps a Buy rating on the shares with a $63 price target. Kamath added Prudential (PRU) to the Focus List and keeps a Buy rating on the shares with a $130 price target. He believes the company could replace MetLife (MET) as the "default, large-cap life insurer in the space for investors to own." The analyst keeps a Sell rating on MetLife with a $48 price target.
01/09/18
EVER
01/09/18
NO CHANGE
EVER
Evercore ISI says reported AIG interest a 'pretty bullish signal' for Voya value
After Bloomberg said that AIG (AIG) had previously held talks to acquire Voya Financial (VOYA) in a deal valued at more than $10B, Evercore ISI analyst Thomas Gallagher said he reads this as a sign that AIG is open to large scale M&A and as "a pretty bullish signal" for the private market value of Voya being considerably above its current share price.
01/09/18
WELS
01/09/18
DOWNGRADE
Target $79
WELS
Market Perform
Principal Financial downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Sean Dargan downgraded Principal Financial to Market Perform with a $79 price target saying he now prefers Voya Financial (VOYA). After shedding its capital-intensive annuity businesses, Voya should look more like Principal over time, Dargan tells investors in a research note. He sees more upside in Voya at current valuation levels.

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SPY

SPDR S&P 500 ETF Trust

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0.35 (0.13%)

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OMAB

OMA Airports

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AIV

Aimco

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TDG

TransDigm

$292.99

0.27 (0.09%)

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KDMN

Kadmon

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-0.16 (-4.26%)

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ASR

Asur

$182.83

1.49 (0.82%)

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USB

U.S. Bancorp

$54.27

-0.83 (-1.51%)

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Judge criticizes U.S. Bancorp deal to sidestep prosecution, Bloomberg reports »

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KZIA

Kazia Therapeutics

$4.99

0.43 (9.43%)

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

18:29
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Obsidian Energy reports 126% reserve replacement of 2017 production »

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

18:27
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Obsidian Energy names Jay Thornton chairman of the board »

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

18:27
02/22/18
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18:27
Earnings
SSR Mining reports Q4 adjusted EPS 2c, consensus 7c »

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  • 23

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

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SSR Mining sees 2018 gold production 340K gold equivalent ounces »

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IVC

Invacare

$17.97

-0.28 (-1.53%)

18:20
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Invacare names Kathleen Leneghan as CFO, effective immediately »

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SHCAY

Sharp

$8.21

-0.025 (-0.30%)

18:18
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Sharp drops legal action against Hisense over TV brands, Nikkei reports »

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GM

General Motors

$40.91

0.35 (0.86%)

18:17
02/22/18
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GM seeks South Korean aid to bolster local unit, Nikkei Asian Review reports »

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

18:14
02/22/18
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Earnings
Breaking Earnings news story on South Jersey Industries »

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TRTN

Triton International

$28.16

-0.4 (-1.40%)

18:13
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Triton International reports Q4 adjusted EPS 85c, consensus 80c »

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  • 23

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

18:13
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Breaking Earnings news story on South Jersey Industries »

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PAA

Plains All American

$20.97

-0.43 (-2.01%)

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Plains All American's Cactus II pipeline fully committed »

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STX

Seagate

$51.36

-0.08 (-0.16%)

18:03
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Initiation
Seagate initiated  »

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WDC

Western Digital

$85.53

-0.14 (-0.16%)

18:01
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18:01
Initiation
Western Digital initiated  »

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HPQ

HP Inc.

$21.39

0.22 (1.04%)

17:56
02/22/18
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Breaking Hot Stocks news story on HP Inc. »

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  • 22

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BKD

Brookdale Senior Living

$7.18

-1.72 (-19.33%)

17:52
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17:52
Downgrade
Brookdale Senior Living rating change  »

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  • 22

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AQMS

Aqua Metals

$2.62

-0.25 (-8.71%)

17:52
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PBA

Pembina Pipeline

$32.31

-0.1271 (-0.39%)

17:47
02/22/18
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