Symetra Financial Co. Plans Quarterly Dividend of $0.10 (SYA)
Symetra Financial (NYSE:SYA) announced a quarterly dividend on Tuesday, August 12th, Analyst Ratings Network reports. Stockholders of record on Wednesday, August 27th will be paid a dividend of 0.10 per share on Friday, September 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.76%.
SYA has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Symetra Financial in a research note on Friday, July 25th. They now have a $23.00 price target on the stock, up previously from $22.00. On a related note, analysts at Barclays raised their price target on shares of Symetra Financial from $21.00 to $23.00 in a research note on Friday, July 25th. They now have an “equal weight” rating on the stock. Finally, analysts at Sterne Agee reiterated an “underperform” rating on shares of Symetra Financial in a research note on Thursday, July 17th. They now have a $19.00 price target on the stock, up previously from $18.00. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.20.
Symetra Financial (NYSE:SYA) traded down 0.22% on Tuesday, hitting $22.62. 101,537 shares of the company’s stock traded hands. Symetra Financial has a 52 week low of $17.07 and a 52 week high of $23.56. The stock’s 50-day moving average is $22.82 and its 200-day moving average is $20.83. The company has a market cap of $2.622 billion and a P/E ratio of 10.23.
Symetra Financial (NYSE:SYA) last announced its earnings results on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.05. The company had revenue of $547.10 million for the quarter, compared to the consensus estimate of $529.13 million. During the same quarter last year, the company posted $0.39 earnings per share. Symetra Financial’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Symetra Financial will post $1.93 EPS for the current fiscal year.
Symetra Financial Corporation (NYSE:SYA) financial services company in the life insurance industry.
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