Phoenix Group Holdings plc (LON:PHNX) Insider Andrew Briggs Buys 23 Shares of Stock

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs purchased 23 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were bought at an average price of GBX 644 ($8.73) per share, with a total value of £148.12 ($200.73).

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

• On Tuesday, March 18th, Andrew Briggs sold 151,586 shares of Phoenix Group stock. The shares were sold at an average price of GBX 582 ($7.89), for a total value of £882,230.52 ($1,195,596.31).

Phoenix Group Trading Up 0.4%

LON:PHNX opened at GBX 652.50 ($8.84) on Tuesday. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The stock has a market capitalization of £6.52 billion, a PE ratio of -12.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The firm’s 50 day moving average is GBX 595.30 and its 200 day moving average is GBX 545.94. Phoenix Group Holdings plc has a 12 month low of GBX 475.20 ($6.44) and a 12 month high of GBX 657 ($8.90).

Phoenix Group (LON:PHNX) last issued its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.62) 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%. Sell-side analysts expect that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Phoenix Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 27.35 ($0.37) per share. This is a boost from Phoenix Group’s previous dividend of $26.65. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 4.66%. Phoenix Group’s payout ratio is presently -101.58%.

Analysts Set New Price Targets

PHNX has been the topic of several recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.81) target price on shares of Phoenix Group in a research report on Monday, February 17th. JPMorgan Chase & Co. lifted their target price on shares of Phoenix Group from GBX 500 ($6.78) to GBX 565 ($7.66) and gave the stock an “underweight” rating in a research report on Friday, March 28th.

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.