Insider Buying: Phoenix Group Holdings plc (LON:PHNX) Insider Acquires 29 Shares of Stock

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Andrew Briggs acquired 29 shares of Phoenix Group stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of GBX 517 ($6.49) per share, for a total transaction of £149.93 ($188.35).

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

  • On Tuesday, March 26th, Andrew Briggs sold 40,039 shares of Phoenix Group stock. The stock was sold at an average price of GBX 526 ($6.61), for a total transaction of £210,605.14 ($264,579.32).

Phoenix Group Trading Down 1.7 %

LON PHNX opened at GBX 508.50 ($6.39) on Thursday. Phoenix Group Holdings plc has a 52 week low of GBX 436.40 ($5.48) and a 52 week high of GBX 587 ($7.37). The company has a 50 day moving average price of GBX 510.70 and a 200 day moving average price of GBX 500.76. The company has a quick ratio of 0.12, a current ratio of 0.19 and a debt-to-equity ratio of 176.72. The firm has a market cap of £5.09 billion, a PE ratio of -3,632.14, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74.

Phoenix Group Increases Dividend

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

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PHNX has been the topic of a number of research reports. Berenberg Bank cut their target price on shares of Phoenix Group from GBX 739 ($9.28) to GBX 650 ($8.17) and set a "buy" rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. lifted their price objective on shares of Phoenix Group from GBX 445 ($5.59) to GBX 525 ($6.60) and gave the company an "underweight" rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of GBX 614.60 ($7.72).

Get Our Latest Analysis on PHNX

Phoenix Group Company Profile

(Get Free Report)

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.

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