Symetra Financial Reaches New 1-Year High at $23.80 (SYA)
Symetra Financial (NYSE:SYA) shares hit a new 52-week high on Monday , Analyst Ratings.Net reports. The stock traded as high as $23.80 and last traded at $23.65, with a volume of 198,698 shares changing hands. The stock had previously closed at $23.38.
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. Separately, 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 equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Symetra Financial currently has a consensus rating of “Hold” and an average target price of $21.20.
The stock has a 50-day moving average of $22.89 and a 200-day moving average of $21.09. The company has a market cap of $2.749 billion and a P/E ratio of 10.51.
Symetra Financial (NYSE:SYA) last issued its quarterly earnings data 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. On average, analysts predict that Symetra Financial will post $1.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Wednesday, August 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Monday, August 25th.
Symetra Financial Corporation (NYSE:SYA) financial services company in the life insurance industry.
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