Phoenix Group (LON:PHNX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Phoenix Group Holdings plc (LON:PHNX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 519.90 ($6.89) and traded as high as GBX 585 ($7.75). Phoenix Group shares last traded at GBX 581.50 ($7.71), with a volume of 2,537,007 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on PHNX. JPMorgan Chase & Co. lifted their target price on Phoenix Group from GBX 500 ($6.63) to GBX 565 ($7.49) and gave the company an “underweight” rating in a research report on Friday, March 28th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 650 ($8.61) price objective on shares of Phoenix Group in a research report on Monday, February 17th.

Phoenix Group Trading Up 0.5 %

The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The business has a 50 day moving average of GBX 540.77 and a two-hundred day moving average of GBX 519.90. The firm has a market capitalization of £5.81 billion, a price-to-earnings ratio of -11.15, a P/E/G ratio of 1.95 and a beta of 0.73.

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

Phoenix Group Increases Dividend

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

Insider Transactions at Phoenix Group

In related news, insider Andrew Briggs sold 151,586 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.71), for a total transaction of £882,230.52 ($1,168,981.74). Company insiders own 14.96% of the company’s stock.

Phoenix Group Company Profile

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.