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Phoenix Group Holdings (LON:PHNX) announced a dividend on Thursday, August 21st, AmericanBankingNews.com reports. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 26.70 ($0.45) per share on Thursday, October 2nd. This represents a dividend yield of 3.63%. The ex-dividend date is Wednesday, September 3rd. The official announcement can be accessed at this link.

A number of research firms have recently commented on PHNX. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Phoenix Group Holdings in a research note on Thursday. They now have a GBX 750 ($12.54) price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phoenix Group Holdings in a research note on Thursday. They now have a GBX 915 ($15.30) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Phoenix Group Holdings in a research note on Friday, August 15th. They now have a GBX 750 ($12.54) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 620.67 ($10.38).

Phoenix Group Holdings (LON:PHNX) traded up 0.42% on Thursday, hitting GBX 718.00. The stock had a trading volume of 1,004,825 shares. Phoenix Group Holdings has a one year low of GBX 560.52 and a one year high of GBX 853.50. The stock has a 50-day moving average of GBX 682.0 and a 200-day moving average of GBX 681.7. The company’s market cap is £1.603 billion.

Phoenix Group Holdings is a United Kingdom-based company that acquires and manages closed life insurance businesses that are in run-off.

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