Phoenix Group Holdings plc (LON:PHNX) Insider Andrew Briggs Buys 29 Shares of Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs acquired 29 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of GBX 517 ($6.49) per share, for a total transaction of £149.93 ($188.35).

Andrew Briggs also recently made the following trade(s):

• On Tuesday, March 26th, Andrew Briggs sold 40,039 shares of Phoenix Group stock. The shares were sold at an average price of GBX 526 ($6.61), for a total transaction of £210,605.14 ($264,579.32).

Phoenix Group Trading Down 1.7 %

Shares of PHNX opened at GBX 508.50 ($6.39) on Thursday. The stock has a 50 day simple moving average of GBX 510.70 and a 200-day simple moving average of GBX 500.76. Phoenix Group Holdings plc has a 1 year low of GBX 436.40 ($5.48) and a 1 year high of GBX 587 ($7.37). The stock has a market cap of £5.09 billion, a PE ratio of -3,632.14, a PEG ratio of 1.95 and a beta of 0.74. The company has a current ratio of 0.19, a quick ratio of 0.12 and a debt-to-equity ratio of 176.72.

Phoenix Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be paid a GBX 26.65 ($0.33) dividend. This represents a dividend yield of 5.46%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Phoenix Group’s previous dividend of $26.00. Phoenix Group’s payout ratio is currently -37,857.14%.

Analysts Set New Price Targets

A number of analysts have issued reports on PHNX shares. JPMorgan Chase & Co. lifted their target price on shares of Phoenix Group from GBX 445 ($5.59) to GBX 525 ($6.60) and gave the company an “underweight” rating in a research note on Wednesday, April 10th. Berenberg Bank dropped their price objective on shares of Phoenix Group from GBX 739 ($9.28) to GBX 650 ($8.17) and set a “buy” rating on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 614.60 ($7.72).

Phoenix Group Company Profile

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.