Phoenix Group Holdings plc (LON:PHNX – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 504.94 ($6.42) and traded as high as GBX 505.50 ($6.42). Phoenix Group shares last traded at GBX 496 ($6.30), with a volume of 2,487,013 shares traded.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Phoenix Group from GBX 445 ($5.66) to GBX 525 ($6.67) and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. Berenberg Bank lowered their target price on Phoenix Group from GBX 739 ($9.39) to GBX 650 ($8.26) and set a “buy” rating for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 614.60 ($7.81).
Get Our Latest Stock Analysis on PHNX
Phoenix Group Stock Performance
Phoenix Group Increases Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th were given a GBX 26.65 ($0.34) dividend. The ex-dividend date was Thursday, April 11th. This is a positive change from Phoenix Group’s previous dividend of $26.00. This represents a dividend yield of 5.46%. Phoenix Group’s dividend payout ratio (DPR) is -37,857.14%.
Insider Transactions at Phoenix Group
In other news, insider Rakesh Thakrar sold 16,296 shares of Phoenix Group stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of GBX 553 ($7.03), for a total value of £90,116.88 ($114,535.94). In related news, insider Rakesh Thakrar sold 16,296 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of GBX 553 ($7.03), for a total value of £90,116.88 ($114,535.94). Also, insider Andrew Briggs sold 40,039 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 526 ($6.69), for a total value of £210,605.14 ($267,673.03). Corporate insiders own 15.00% of the company’s stock.
About Phoenix Group
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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