Rakesh Thakrar Sells 16,296 Shares of Phoenix Group Holdings plc (LON:PHNX) Stock

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Rakesh Thakrar sold 16,296 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of GBX 553 ($6.94), for a total value of £90,116.88 ($113,126.89).

Rakesh Thakrar also recently made the following trade(s):

  • On Tuesday, March 5th, Rakesh Thakrar purchased 30 shares of Phoenix Group stock. The shares were bought at an average cost of GBX 496 ($6.23) per share, for a total transaction of £148.80 ($186.79).
  • On Monday, February 5th, Rakesh Thakrar acquired 30 shares of Phoenix Group stock. The shares were acquired at an average price of GBX 503 ($6.31) per share, for a total transaction of £150.90 ($189.43).
  • On Friday, January 5th, Rakesh Thakrar purchased 29 shares of Phoenix Group stock. The stock was purchased at an average price of GBX 519 ($6.52) per share, for a total transaction of £150.51 ($188.94).

Phoenix Group Stock Performance

Shares of PHNX opened at GBX 548 ($6.88) on Thursday. The company has a market capitalization of £5.48 billion, a PE ratio of -3,914.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74. Phoenix Group Holdings plc has a one year low of GBX 436.40 ($5.48) and a one year high of GBX 614.20 ($7.71). The company has a debt-to-equity ratio of 176.72, a current ratio of 0.19 and a quick ratio of 0.12. The company's fifty day moving average price is GBX 508.34 and its 200 day moving average price is GBX 497.15.

Phoenix Group Increases Dividend


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The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be given a GBX 26.65 ($0.33) dividend. This represents a yield of 5.46%. This is a positive change from Phoenix Group's previous dividend of $26.00. The ex-dividend date is Thursday, April 11th. Phoenix Group's dividend payout ratio (DPR) is currently -37,857.14%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on shares of Phoenix Group from GBX 400 ($5.02) to GBX 415 ($5.21) and gave the company an "underweight" rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Phoenix Group has a consensus rating of "Hold" and an average target price of GBX 610.40 ($7.66).

Get Our Latest Stock Report on Phoenix Group

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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