Phoenix Group (LON:PHNX) Insider Andrew Briggs Acquires 22 Shares

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs purchased 22 shares of Phoenix Group stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of GBX 519 per share, with a total value of £114.18.

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

• On Thursday, November 6th, Andrew Briggs acquired 22 shares of Phoenix Group stock. The shares were purchased at an average price of GBX 674 per share, for a total transaction of £148.28.
• On Monday, October 6th, Andrew Briggs purchased 23 shares of Phoenix Group stock. The shares were acquired at an average cost of GBX 489 per share, for a total transaction of £112.47.

Phoenix Group Stock Down 1.6%

Shares of PHNX opened at GBX 687 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. Phoenix Group Holdings plc has a 12 month low of GBX 475.20 and a 12 month high of GBX 700. The firm’s 50 day moving average is GBX 672.53 and its 200-day moving average is GBX 662.50. The stock has a market capitalization of £6.86 billion, a PE ratio of -10.84, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last issued its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) 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 forecast that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PHNX. Berenberg Bank increased their price target on shares of Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a research report on Monday, October 13th. UBS Group reissued a “neutral” rating and set a GBX 630 target price on shares of Phoenix Group in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 684.25.

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.