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Symetra reportedly exploring sale; shares surge

Aug. 07, 2015 4:06 PM ETSymetra Financial Corporation (SYA) StockSYABy: Eric Jhonsa, SA News Editor
  • Reuters reports Symetra Financial (NYSE:SYA) has been working with bankers in recent months to explore a sale, and has "spoken to several industry peers that have expressed interest."
  • Shares spiked shortly before the close, and finished up 9.4%. The report comes in a year that has seen a flurry of insurance industry mergers/acquisitions.

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