Phoenix Group (LON:PHNX) Insider Nicolaos Nicandrou Acquires 21 Shares of Stock

Phoenix Group Holdings plc (LON:PHNX) insider Nicolaos Nicandrou acquired 21 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was purchased at an average cost of GBX 562 per share, with a total value of £118.02.

Nicolaos Nicandrou also recently made the following trade(s):

• On Tuesday, January 6th, Nicolaos Nicandrou acquired 19 shares of Phoenix Group stock. The shares were acquired at an average cost of GBX 564 per share, for a total transaction of £107.16.

Phoenix Group Price Performance

Shares of LON:PHNX opened at GBX 749.50 on Friday. The firm has a market capitalization of £7.51 billion, a PE ratio of -11.82, a P/E/G ratio of 1.95 and a beta of 0.73. 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 50-day moving average price of GBX 726.16 and a two-hundred day moving average price of GBX 687.54. Phoenix Group Holdings plc has a twelve month low of GBX 485.20 and a twelve month high of GBX 766.

Phoenix Group (LON:PHNX) last announced its quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 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 forecast that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PHNX. UBS Group upgraded Phoenix Group to a “buy” rating and boosted their price objective for the company from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. The Goldman Sachs Group raised Phoenix Group to a “neutral” rating and lifted their target price for the company from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Berenberg Bank increased their price target on shares of Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Phoenix Group from GBX 605 to GBX 620 and gave the company an “underweight” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 750.

Phoenix Group Company Profile

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.