Latest news with #Synchrony
Yahoo
4 days ago
- Business
- Yahoo
Synchrony & Jewelers Mutual Unite to Transform Jewelry Financing
A leading player in the consumer financing space, Synchrony Financial SYF recently teamed up with Jewelers Mutual Group with a new sponsorship agreement. This partnership aims to integrate financial services with insurance offerings, allowing them to combine their market efforts and connect with a broader audience in a more streamlined and effective manner. Through this strategic partnership, SYF's consumer financing solutions will be promoted through Jewelers Mutual's marketing channels and featured prominently on the Zing Marketplace. It is a digital hub for jewelers, which includes a diamond marketplace, jeweler web pages and a jewelry appraisal solution. This combined strategy offers significant benefits to jewelry retailers by providing them with the tools they need to not only increase sales through financing options but also to help customers understand how to protect their purchases. With more than 4,000 jewelry retailers already taking advantage of Synchrony's financing solutions and over one million customers trusting Jewelers Mutuals for insurance, this collaboration is set to enhance the market presence of both brands. This is a remarkable step toward integrating the value chain. When consumers consider purchasing expensive jewelry, they usually choose options for financing and protection. By merging these two services into one marketing strategy, this collaboration could lead to greater customer trust, simplify the buying process, and ultimately boost the average order values for retailers. If this strategy works as planned, it could serve as a blueprint for other industries that deal with high-value purchases, such as electronics or automotive. It highlights how strategic collaborations can create synergies between sectors that usually operate independently. SYF is actively expanding its presence through partnerships and collaborations, which will likely improve its active accounts. In the first quarter, its average active accounts of 69.3 million slipped 3% year over year. Some of its recent partnerships are with Discount Tire and the Independent Animal Hospital Association. Over the past year, Synchrony shares have gained 35.7% compared with the industry's growth of 7.8%. Image Source: Zacks Investment Research SYF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Horace Mann Educators Corp HMN, Heritage Insurance Holdings Inc. HRTG and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Horace Mann Educators' current-year earnings of $4.01 per share has witnessed two upward revisions in the past 30 days against none in the opposite direction. Horace Mann Educators beat earnings estimates in three of the trailing four quarters and met once, with the average surprise being 24.1%. The consensus estimate for current-year revenues is pegged at $1.7 billion, implying 6.6% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 30 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Acadian's current-year earnings is pegged at $2.86 per share, implying 3.6% year-over-year growth. In the past 30 days, Acadian has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $526.8 million, calling for 4.2% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Horace Mann Educators Corporation (HMN) : Free Stock Analysis Report Synchrony Financial (SYF) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Acadian Asset Management Inc. (AAMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Synchrony enters into new sponsorship agreement with Jewelers Mutual
Synchrony (SYF) and Jewelers Mutual, an insurer dedicated to protecting jewelry and jewelry businesses for over a century, announced a new sponsorship agreement to co-market both services to jewelry merchants looking to make customers aware of both financing and insurance coverage options. As part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing Marketplace, a comprehensive online platform created for its member retailers. Zing Marketplace features tools to help merchants serve their customers, including jeweler web pages, diamond marketplace, a jewelry appraisal solution and, now, financing offerings from Synchrony. Synchrony will also feature offers directly from Jewelers Mutual to merchants and consumers through select marketing materials as well as on Synchrony Marketplace, a shopping destination for consumers to find special offers from Synchrony partners. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SYF: Disclaimer & DisclosureReport an Issue Synchrony price target raised to $63 from $57 at Truist Synchrony and Discount Tyre extend partnership Strong Credit Management and Stable Loan Growth Drive Buy Rating for Synchrony Financial Synchrony Financial Releases April 2025 Charge-Off Data Synchrony removed from bullish Fresh Pick status at Baird
Associated Press
6 days ago
- Business
- Associated Press
Synchrony and Jewelers Mutual® Collaborate on Innovative New Sponsorship Agreement, Combining Finance and Insurance Marketing Efforts
Synchrony Financing Solutions Will Be Offered in Jewelers Mutual Marketing Materials and in Zing Marketplace STAMFORD, Conn., May 28, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, and Jewelers Mutual ®, an insurer dedicated to protecting jewelry and jewelry businesses for over a century, today announced a new sponsorship agreement to co-market both services to jewelry merchants looking to make customers aware of both financing and insurance coverage options. 'Through this new sponsorship agreement with Jewelers Mutual, we are extending the value Synchrony brings to retailers around the country,' said Darrell Owens, CEO, Lifestyle, Synchrony. 'Jewelry merchants can now present their customers with financing options that make purchases more affordable, while making their customers aware of the option to protect their jewelry, which is often among a customer's most cherished possessions.' As part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing® Marketplace, a comprehensive online platform created for its member retailers. Zing Marketplace features essential tools to help merchants best serve their customers, including jeweler web pages, diamond marketplace, a jewelry appraisal solution and, now, financing offerings from Synchrony. Synchrony will also feature offers directly from Jewelers Mutual to merchants and consumers through select marketing materials as well as on Synchrony Marketplace, a shopping destination for consumers to find special offers from Synchrony partners. As a result, Synchrony will help elevate awareness of Jewelers Mutual and its insurance services, which are used by over one million customers throughout the United States and Canada. 'As a leader in consumer financing, we're excited about the added value our collaboration with Synchrony will bring to jewelers and their customers,' said Mike Alexander, Chief Operating Officer, Jewelers Mutual. 'Together, we are committed to supporting jewelers in delivering seamless customer experiences while helping protect the pieces they will treasure for a lifetime.' Synchrony financing is currently used by more than 4,000 jewelry retailers nationwide. Synchrony is committed to offering financing options for small and medium-sized businesses across the country to help them grow their business and offer customers greater purchasing power to meet their needs. About Jewelers Mutual Group Jewelers Mutual® was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual's powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers' strong financial position is reflected in their 38 consecutive 'A+ Superior' ratings from AM Best Company, as of November 2024. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas, Miami, Florida and Raleigh, North Carolina. To learn more, visit About Synchrony Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit Contact: Lauren Devilbiss Synchrony [email protected] 240-814-5825 View original content to download multimedia: SOURCE Synchrony
Yahoo
6 days ago
- Business
- Yahoo
Synchrony and Jewelers Mutual® Collaborate on Innovative New Sponsorship Agreement, Combining Finance and Insurance Marketing Efforts
Synchrony Financing Solutions Will Be Offered in Jewelers Mutual Marketing Materials and in Zing Marketplace STAMFORD, Conn., May 28, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, and Jewelers Mutual®, an insurer dedicated to protecting jewelry and jewelry businesses for over a century, today announced a new sponsorship agreement to co-market both services to jewelry merchants looking to make customers aware of both financing and insurance coverage options. "Through this new sponsorship agreement with Jewelers Mutual, we are extending the value Synchrony brings to retailers around the country," said Darrell Owens, CEO, Lifestyle, Synchrony. "Jewelry merchants can now present their customers with financing options that make purchases more affordable, while making their customers aware of the option to protect their jewelry, which is often among a customer's most cherished possessions." As part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing® Marketplace, a comprehensive online platform created for its member retailers. Zing Marketplace features essential tools to help merchants best serve their customers, including jeweler web pages, diamond marketplace, a jewelry appraisal solution and, now, financing offerings from Synchrony. Synchrony will also feature offers directly from Jewelers Mutual to merchants and consumers through select marketing materials as well as on Synchrony Marketplace, a shopping destination for consumers to find special offers from Synchrony partners. As a result, Synchrony will help elevate awareness of Jewelers Mutual and its insurance services, which are used by over one million customers throughout the United States and Canada. "As a leader in consumer financing, we're excited about the added value our collaboration with Synchrony will bring to jewelers and their customers," said Mike Alexander, Chief Operating Officer, Jewelers Mutual. "Together, we are committed to supporting jewelers in delivering seamless customer experiences while helping protect the pieces they will treasure for a lifetime." Synchrony financing is currently used by more than 4,000 jewelry retailers nationwide. Synchrony is committed to offering financing options for small and medium-sized businesses across the country to help them grow their business and offer customers greater purchasing power to meet their needs. About Jewelers Mutual GroupJewelers Mutual® was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual's powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers' strong financial position is reflected in their 38 consecutive "A+ Superior" ratings from AM Best Company, as of November 2024. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas, Miami, Florida and Raleigh, North Carolina. To learn more, visit About SynchronySynchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit Contact: Lauren View original content to download multimedia: SOURCE Synchrony Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Synchrony (SYF) Up 14.7% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Synchrony (SYF). Shares have added about 14.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Synchrony due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. It turns out, estimates revision have trended downward during the past month. At this time, Synchrony has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Synchrony has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Synchrony belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, American Express (AXP), has gained 9.9% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025. American Express reported revenues of $16.97 billion in the last reported quarter, representing a year-over-year change of +7.4%. EPS of $3.64 for the same period compares with $3.33 a year ago. American Express is expected to post earnings of $3.84 per share for the current quarter, representing a year-over-year change of +10%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%. American Express has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchrony Financial (SYF) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
