Phoenix Group Holdings plc (LON:PHNX) Insider Purchases £148.12 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Nicolaos Nicandrou purchased 23 shares of the stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of GBX 644 ($8.73) per share, for a total transaction of £148.12 ($200.73).

Phoenix Group Price Performance

Shares of Phoenix Group stock opened at GBX 652.50 ($8.84) on Tuesday. The firm has a market cap of £6.52 billion, a PE ratio of -12.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a 12-month low of GBX 475.20 ($6.44) and a 12-month high of GBX 657 ($8.90). The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The company’s fifty day simple moving average is GBX 595.30 and its two-hundred day simple moving average is GBX 545.94.

Phoenix Group (LON:PHNX) last posted its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.62) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, equities analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

Phoenix Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, April 24th will be given a GBX 27.35 ($0.37) dividend. This represents a dividend yield of 4.66%. This is a boost from Phoenix Group’s previous dividend of $26.65. The ex-dividend date is Thursday, April 24th. Phoenix Group’s dividend payout ratio (DPR) is currently -101.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PHNX. Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.81) price target on shares of Phoenix Group in a report on Monday, February 17th. JPMorgan Chase & Co. raised their price target on shares of Phoenix Group from GBX 500 ($6.78) to GBX 565 ($7.66) and gave the stock an “underweight” rating in a report on Friday, March 28th.

Phoenix Group Company Profile

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.