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Symetra Financial (NYSE:SYA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They currently have a $24.40 target price on the stock. Zacks‘s price target indicates a potential upside of 7.06% from the stock’s previous close.

Symetra Financial (NYSE:SYA) traded down 0.14% on Tuesday, hitting $22.7575. 139,887 shares of the company’s stock traded hands. Symetra Financial has a 52 week low of $15.20 and a 52 week high of $23.25. The stock has a 50-day moving average of $21.28 and a 200-day moving average of $19.89. The company has a market cap of $2.638 billion and a price-to-earnings ratio of 11.83.

Symetra Financial (NYSE:SYA) last released its earnings data on Wednesday, April 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $545.50 million for the quarter, compared to the consensus estimate of $531.12 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts expect that Symetra Financial will post $1.89 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Symetra Financial from $19.00 to $21.00 in a research note on Thursday, April 24th. They now have an “equal weight” rating on the stock. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Symetra Financial in a research note on Thursday, April 24th. They set a “market perform” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Symetra Financial presently has a consensus rating of “Hold” and a consensus target price of $20.88.

Symetra Financial Corporation (NYSE:SYA) financial services company in the life insurance industry.

To view Zacks’ full report, visit Zacks’ official website.

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