Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Andrew Briggs sold 40,039 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 526 ($6.65), for a total transaction of £210,605.14 ($266,150.82).
Phoenix Group Trading Up 0.8 %
LON PHNX opened at GBX 542.20 ($6.85) on Thursday. The company's fifty day simple moving average is GBX 504.34 and its 200-day simple moving average is GBX 496.32. The stock has a market cap of £5.42 billion, a P/E ratio of -661.22, a PEG ratio of 1.95 and a beta of 0.74. Phoenix Group Holdings plc has a 52 week low of GBX 436.40 ($5.51) and a 52 week high of GBX 614.20 ($7.76). The company has a current ratio of 0.23, a quick ratio of 0.12 and a debt-to-equity ratio of 105.46.
Phoenix Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be issued a GBX 26.65 ($0.34) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 5.46%. This is a positive change from Phoenix Group's previous dividend of $26.00. Phoenix Group's payout ratio is currently -6,341.46%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PHNX. Deutsche Bank Aktiengesellschaft reduced their target price on Phoenix Group from GBX 630 ($7.96) to GBX 540 ($6.82) and set a "hold" rating on the stock in a research note on Wednesday, November 29th. JPMorgan Chase & Co. increased their price objective on Phoenix Group from GBX 400 ($5.05) to GBX 415 ($5.24) and gave the company an "underweight" rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Phoenix Group presently has a consensus rating of "Hold" and a consensus price target of GBX 617 ($7.80).
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About Phoenix Group
(
Get Free Report)
Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.
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