Symetra Financial (SYA) updated its FY12 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.35-1.50 for the period.

On a related note, analysts at Bank of America downgraded shares of Symetra Financial from a neutral rating to an underperform rating in a research note to investors on Wednesday, August 1st. They now have a $14.00 price target on the stock.

Symetra Financial (SYA) traded up 0.41% on Wednesday, hitting $12.26. Symetra Financial (SYA) has a 52-week low of $8.22 and a 52-week high of $13.51. The company has a market cap of $1.693 billion and a price-to-earnings ratio of 8.14.

Symetra Financial last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.01. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, analysts predict that Symetra Financial (SYA) will post $1.45 earnings per share for the current fiscal year.

Symetra Financial Corporation (Symetra) financial services company in the life insurance industry. The Company’s principal products include medical stop-loss insurance; fixed and variable deferred annuities; single premium immediate annuities; universal life insurance, including single-premium life (SPL) and bank-owned life insurance (BOLI), and term life insurance.

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