Phoenix Group Holdings (PHNX) Insider Andrew Moss Buys 16 Shares
Phoenix Group Holdings (LON:PHNX) insider Andrew Moss bought 16 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average price of GBX 768 ($9.92) per share, for a total transaction of £122.88 ($158.70).
Phoenix Group Holdings (LON:PHNX) traded down 0.39% during trading on Thursday, reaching GBX 732.50. The company’s stock had a trading volume of 965,828 shares. The company’s market capitalization is GBX 2.87 billion. The company’s 50-day moving average is GBX 770.54 and its 200-day moving average is GBX 765.09. Phoenix Group Holdings has a 1-year low of GBX 691.00 and a 1-year high of GBX 817.48.
The company also recently disclosed a dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 7th will be issued a GBX 25.10 ($0.32) dividend. This represents a dividend yield of 3.24%. This is an increase from Phoenix Group Holdings’s previous dividend of $23.90. The ex-dividend date of this dividend is Thursday, September 7th.
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A number of brokerages have weighed in on PHNX. Deutsche Bank AG restated a “buy” rating and issued a GBX 875 ($11.30) price objective on shares of Phoenix Group Holdings in a report on Thursday, June 15th. J P Morgan Chase & Co lifted their price target on Phoenix Group Holdings from GBX 826 ($10.67) to GBX 837 ($10.81) and gave the stock an “overweight” rating in a report on Friday, August 4th. HSBC Holdings plc reiterated a “hold” rating and set a GBX 790 ($10.20) price target on shares of Phoenix Group Holdings in a report on Tuesday, June 13th. Shore Capital reiterated a “buy” rating on shares of Phoenix Group Holdings in a report on Thursday, August 24th. Finally, Barclays PLC reissued an “underweight” rating and set a GBX 673 ($8.69) price objective on shares of Phoenix Group Holdings in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 803 ($10.37).
Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.
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