Phoenix Group (LON:PHNX) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Phoenix Group Holdings plc (LON:PHNX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 518.61 ($6.84) and traded as high as GBX 565.50 ($7.46). Phoenix Group shares last traded at GBX 564 ($7.44), with a volume of 170,067,516 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PHNX. Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.57) target price on shares of Phoenix Group in a report on Monday, February 17th. JPMorgan Chase & Co. boosted their price target on shares of Phoenix Group from GBX 500 ($6.59) to GBX 565 ($7.45) and gave the company an “underweight” rating in a research report on Friday, March 28th.

Phoenix Group Stock Up 3.1 %

The firm has a 50-day moving average of GBX 533.76 and a two-hundred day moving average of GBX 518.61. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The company has a market capitalization of £5.64 billion, a PE ratio of -10.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last issued its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.60) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Equities research analysts predict that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, April 24th will be issued a GBX 27.35 ($0.36) dividend. This represents a yield of 4.66%. The ex-dividend date is Thursday, April 24th. This is an increase from Phoenix Group’s previous dividend of $26.65. Phoenix Group’s dividend payout ratio (DPR) is -101.58%.

Insider Buying and Selling at Phoenix Group

In other news, insider Andrew Briggs sold 151,586 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.67), for a total value of £882,230.52 ($1,163,278.64). 14.96% of the stock is owned by corporate insiders.

About Phoenix Group

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.