Symetra Financial Co. Plans $0.50 Special Dividend (SYA)
July 30, 2015 by Faye Duncan
Symetra Financial (NYSE:SYA) declared a special dividend on Thursday, July 30th, ARNreports. Shareholders of record on Monday, August 10th will be paid a dividend of 0.50 per share on Friday, August 28th.
A number of research firms have recently commented on SYA. JPMorgan Chase & Co. lifted their target price on Symetra Financial from $22.00 to $23.00 in a research report on Tuesday, July 7th. Zacks upgraded Symetra Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Piper Jaffray initiated coverage on Symetra Financial in a report on Monday, June 1st. They set a “neutral” rating and a $25.00 price target for the company. Sandler O’Neill initiated coverage on Symetra Financial in a report on Wednesday, May 20th. They issued a “hold” rating and a $26.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their price target on Symetra Financial from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Symetra Financial has an average rating of “Hold” and a consensus target price of $24.94.
Shares of Symetra Financial (NYSE:SYA) remained flat at $24.99 during midday trading on Thursday. 322,662 shares of the stock traded hands. The company has a market capitalization of $2.90 billion and a P/E ratio of 13.60. The firm’s 50 day moving average is $24.55 and its 200 day moving average is $23.60. Symetra Financial has a 12-month low of $20.23 and a 12-month high of $25.92.
Symetra Financial Corporation (NYSE:SYA) financial services company
in the life insurance industry. The Company’s principal products include fixed and variable deferred annuities, single premium immediate annuities, medical stop-loss insurance, group life and disability income insurance, individual life insurance and institutional life insurance, including bank-owned life insurance (BOLI) and variable corporate owned life insurance (COLI). Symetra operates in three divisions: Benefits Division, which consisted of the Benefits segment; Retirement Division, which consisted of the Deferred Annuities and Income Annuities segments, and Individual Life Division, which consisted of the Individual Life segment. Other segment includes small, non-insurance businesses that are managed outside of its division, such as its broker-dealer entity.
